President Biden has signed a debt ceiling increase, raising the government's borrowing limit and averting a potential default on the national debt. The White House announced the bill signing in an ...

President-elect Donald Trump on Wednesday rejected Congress' bipartisan plan that would have temporarily funded the government and dodged a serious shutdown that could begin on Friday night. But Trump ...

This study aims to explore the impacts of U.S. debt ceiling uncertainty on crude oil markets and further reveal the specific ...

WASHINGTON − Lawmakers are turning their backs on passing a short-term debt limit increase that would delay a default on the nation’s debt as President Joe Biden and House Republicans remain ...

In contrast, a high national debt simply reflects that the government has issued a lot of currency that the public and foreign investors choose to hold as wealth. In other words, one country’s “debt” ...

With the banking crisis still fresh in our minds, the U.S. economy and markets face another potential shock later in the year as the government looks likely to hit the debt ceiling. Although future ...

You may have missed it amid your New Year’s Eve revelry, but the United States Congress is now, as of the stroke of midnight on Jan. 1, officially in violation of the federal debt limit. That’s ...

Because of the potentially catastrophic consequences of defaulting on the national debt, some government workers and legal experts have offered this solution: Just don’t pay attention to the debt ...

Does the president have authority to borrow beyond the statutory debt limit? The answer is clearly yes—and, moreover, the Constitution requires him to borrow enough to pay for what has been ...

House Republicans sent negotiators to the White House yesterday. Leaders in Washington continue to negotiate a debt ceiling deal. Samuel Corum / Getty Images file Live coverage of the debt ceiling ...

The country is careening close to defaulting on its debts if the debt limit is not increased, and a slim majority of Americans want the debt limit to be raised without making spending cuts, a new ...

The U.S. risks defaulting on its national debt as soon as early summer — which would spell disaster for the domestic economy and global financial markets. Both Republicans and Democrats agree that ...