Trump wants to scrap the debt ceiling. Rep. Brendan Boyle sees a rare chance for bipartisan reform.

A new deal among congressional leaders of both parties soon will allow majorities in each chamber to raise the debt limit, with no ability for minority senators to filibuster. That means that ...

As a breach of the nation’s debt ceiling loomed earlier this month, President Joe Biden urged quick action by lawmakers. The nation’s debt ceiling approximates the credit limit on a credit card: It’s ...

​A grim new milestone for U.S. debt and surging interest rates haven’t sparked much urgency for a new round of deficit cutting on Capitol Hill. Yet. But with federal debt topping $40 trillion for the ...

Facing the prospect of the federal government running out of money to pay its bills in weeks, President Joe Biden said Senate Republicans are "reckless" and "hypocritical" by refusing to join ...

Once again the federal government is approaching its debt ceiling–the legal limit above which the Treasury Department cannot borrow. White House Council of Economic Advisors Chairman Austan Goolsbee ...

WASHINGTON, D.C. — President Joe Biden is urging Republicans not to use the filibuster to block Democrats in the Senate from raising the U.S. debt ceiling. “If you don’t want to help save the country, ...

President Trump’s plan to raise the debt limit through the end of his presidency before Republicans likely lose control of Congress is on shaky ground because of rising concerns over the national debt ...