This critical action allows the government to continue borrowing to meet its legally binding financial obligations.
The new cohort of lawmakers could agree to once again suspend it. They could also get rid of the national debt cap altogether ...
A unified government under President-elect Donald Trump is unlikely to lead to a quick resolution of the U.S. debt-ceiling ...
The Fiscal Responsibility Act of 2023, which suspended the debt limit until last week, also established binding discretionary ...
Investors clutching cash might soon bear the brunt of a U.S. debt-ceiling fight, which could boil over in the next few weeks ...
The nation’s debt ceiling was reinstated Thursday, giving congressional Republicans yet another divisive challenge to contend ...
Treasury Secretary Janet Yellen warned Congress that the country could hit the debt ceiling as soon as Jan. 14 in a letter ...
10th District Congressman Scott Perry (R-York) spoke with FOX43 News on Thursday to preview the decisions Republican ...