The federal debt limit is not the same as funding the government. If the U.S. defaults on its debt, the ramifications are different than when Congress fails to fund the government. The recently ...

President-elect Donald Trump on Wednesday shone a spotlight on the debt ceiling, rejecting a bipartisan government funding deal negotiated by House Speaker Mike Johnson and demanding lawmakers raise ...

Among the measures being debated by Congress to avert a government shutdown is increasing the debt ceiling — or eliminating it entirely. Subscribe to read this story ad-free Get unlimited access to ad ...

Senate Republicans are raising grave doubts about House Republicans’ plan to raise the debt ceiling as part of a massive tax cuts and border spending bill, a dynamic that could lead to a protracted ...

The U.S. national debt is the total of what the federal government owes creditors. The U.S. has always carried debt, but the total has expanded rapidly since 2008.

For someone who hates debt, Rep. Tim Burchett made a remarkable acknowledgment after voting this month for a massive bill that included a $5 trillion hike to the nation’s credit card limit. “I feel ...

A proposed $5 trillion debt limit increase could make it hard for Republicans to maintain their fiscal hawk credibility. By Alan Rappeport Reporting from Washington For years, Republicans have warned ...