With only days to spare, Republicans agreed to raise the debt ceiling in exchange for a package of future spending cuts. “The August 2011 debt ceiling showdown was perhaps the closest brush the ...

Experts warn that we’re days away from unprecedented “economic catastrophe” if politicians can’t reach an agreement on raising ... What is the debt ceiling, and why is the U.S. treasury ...

Should Congress fail to act on that threat and not raise the debt ceiling ... auctioning bonds. That's why the government's debt pile exceeds $31 trillion. The debt ceiling was introduced in ...

the debt ceiling has evolved into a political bargaining chip, and the US has repeatedly come close to breaching it over partisan disagreements, most recently in 2023. That's why some Democrats ...

But the incoming president and vice president also added a new, significant wrinkle to negotiations when they urged Congress ...

His attitude is: ‘Why didn’t y’all fix this before ... If Trump and GOP leaders seek to raise the debt limit through that process, known as reconciliation, they would need to make the ...

Why it matters ... "at least 20 to 30 Republicans who are not for raising the debt ceiling or eliminating it." Paul called the debt ceiling an "important vote" because there "has to be some ...

reached a tentative deal on raising the nation's $31.4 trillion debt limit, giving Congress time ... Pentagon to grow while "shortchanging many important investments in education, housing ...

Republicans are grappling with the possibility they will soon have to work with the Democrats as a deadline to raise the debt ceiling threatens to fray party unity. Washington has until the late ...

As we watch Donald Trump and Elon Musk decimate our federal government, fire thousands of government workers, and eliminate entire projects all while our elected representatives vote to reduce ...

The Senate GOP leader is also hesitant about raising the debt ceiling through the reconciliation process. “We're planning to proceed. But, you know, obviously we are interested in and hoping to ...

Senate Minority Leader Chuck Schumer's support for the GOP spending bill to fund the government through September has shifted ...