A mild recession, analysts say, would likely be the best-case scenario in the event of the US government defaulting on its debts. WASHINGTON -- The fight over raising the nation's borrowing limit ...

WASHINGTON -- While the concept of the debt ceiling might seem "in the weeds," it actually poses a very real threat to millions of Americans in a precarious economic period. If lawmakers on Capitol ...

The debt ceiling is the legal limit on the total amount of federal debt that the US government can have outstanding. The X-date is when the US government will exhaust its extraordinary measures and be ...

Among the measures being debated by Congress to avert a government shutdown is increasing the debt ceiling — or eliminating it entirely. It's arguably the most unusual demand fr o m President-e lect ...

President-elect Donald Trump said Thursday that Congress should get rid of the debt ceiling, a day after he and Elon Musk came out against a deal reached by congressional lawmakers to fund the ...

The federal debt limit is not the same as funding the government. If the U.S. defaults on its debt, the ramifications are different than when Congress fails to fund the government. The recently ...

Trump demands Congress raise or eliminate the debt ceiling before he assumes office. A debt ceiling breach risks default, higher interest rates, and potential economic instability. The market’s back, ...

President-elect Donald Trump on Wednesday shone a spotlight on the debt ceiling, rejecting a bipartisan government funding deal negotiated by House Speaker Mike Johnson and demanding lawmakers raise ...

WASHINGTON, D.C. — Congress is taking action Thursday to avert a government shutdown. However, lawmakers are doing so by not addressing the debt ceiling. Treasury Secretary Janet Yellen has said if ...