The Congressional Budget Office's long-term budget outlook shows deficits widening in the years ahead, driven primarily by ...

The consequences of failing to raise the debt ceiling are astronomical and could cause the government to miss payments on its debt once it runs out of funds through the “extraordinary measures” ...

The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if ...

The US treasury department’s ability to borrow “will probably be exhausted in August or September”, according to the Congressional Budget Office (CBO), unless the limit on how much the federal ...

The U.S. government will probably risk defaulting on some of its $36.6 trillion in debt as soon as August - or possibly even ...

The debt limit was last suspended by Congress as part of a bipartisan bill struck between former President Biden and GOP leadership in 2023, staving off the threat of national default through early ...

The U.S. debt ceiling is in the news again. With the national debt at its $36.1 trillion limit, lawmakers must scramble to raise the ceiling or risk a default. Such debt ceiling gymnastics have ...

After a protracted fight, lawmakers agreed in June 2023 to suspend the $31.4 trillion debt limit until Jan. 1, 2025. The national debt is now approaching $37 trillion. Republicans have been ...

The progressive senator said the Republican proposal "actually makes income and wealth inequality much worse." ...

If the national debt were to start threatening ... which has led to concerns about the debt ceiling. This played out in 2023 during a 45-day standoff, which resulted in $1.5 billion in market ...

In a massive victory for the GOP on Thursday, the House passed a bill that will set the stage for a massive conservative policy overhaul.

Raising the debt limit doesn't greenlight new spending, but allows the government to pay what it already owes. The U.S. national debt currently stands at more than $36 trillion. The CBO estimate ...