Members of the House on Tuesday pushed through a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily ...

Raising the debt limit, now $31.4 trillion, would allow Treasury to continue borrowing to pay the nation's already incurred bills. All told, it would hold spending essentially flat for the coming year ...

Members of the House are scrambling to Washington to pass a short-term lift of the nation's debt limit. The vote Tuesday will ensure the federal government can continue fully paying its bills into ...

The House will vote Wednesday on a temporary extension of the deadline to raise the nation's debt limit, House Majority Leader Eric Cantor confirmed Monday. The House Rules Committee will take up ...

Senate Republicans blocked a House-passed bill to suspend the debt limit and avert a government shutdown from advancing in the Senate on Monday. The move comes after Republicans had insisted that ...

The recently passed One Big Beautiful Bill Act increased the debt limit to $41.2 trillion, or 136 percent of GDP. Some believe that Congress will have to raise the debt limit again before the 2026 ...

WASHINGTON — Terms and phrases like the "debt ceiling," reconciliation" and "continuing resolution" may sound like complicated government policies and procedures. However, the issues and policies are ...

If the United States defaults on its financial obligations, millions of Americans might not be able to pay their bills as well. With Social Security and other government benefits at risk amid a ...