WASHINGTON, D.C. — Congress is taking action Thursday to avert a government shutdown. However, lawmakers are doing so by not addressing the debt ceiling. Treasury Secretary Janet Yellen has said if ...

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 ...

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 ...

The U.S. national debt has reached a staggering $38 trillion, marking a critical juncture in the nation’s fiscal policy. This figure translates to approximately $111,600 owed per American, ...

Senate Majority Leader Chuck Schumer said Thursday that lawmakers had reached a deal to extend the federal debt ceiling through December and that a vote on the measure could take place within hours.

President-elect Donald Trump said Thursday that Congress should get rid of the debt ceiling, a day after he and Elon Musk came out against a deal reached by congressional lawmakers to fund the ...

Despite all the hand-wringing over raising the federal debt limit, and the prickly debate between Democrats and Republicans, there’s some confusion about what it actually means. A recent Pew Research ...