In July 2025, Congress narrowly avoided catastrophe by raising the debt ceiling to $41.1 trillion through the One Big Beautiful Bill Act. The reprieve was temporary. With the Congressional Budget ...
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 ...
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What is the statute of limitations on debt?
Learn what is the statute of limitations on debt, how it varies by state and when debt may no longer be collectible. See how ...
A deal for where the U.S. debt limit will move, for now, could be ready for President Joe Biden's desk soon. Senators wrapped up voting late on Thursday night preparing the legislation to be ready for ...
If debt limit isn't raised, interest rates would surge and markets would crash. April 12, 2011— -- The battle over whether to raise the federal debt ceiling is being fought in Washington, D.C., ...
If you're worried about increasing your balances due to an unrequested credit limit increase, you can call your issuer and ...
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