How a group of Democrats and Republicans could bypass McCarthy and lift the debt ceiling The federal government currently has a $31.4 trillion national debt. By Chad Pergram Fox News.

Committee for a Responsible Federal Budget President Maya MacGuineas joins Yahoo Finance Live to discuss the debt ceiling showdown and recommendations for the government's budget.

Treasury Secretary Scott Bessent warned Speaker Mike Johnson on Friday to raise the debt ceiling by mid-July, in case the government's extraordinary measures run out while Congress is on its ...

Called the "Limit, Save, Grow Act," the 320-page proposal would lift the debt limit by $1.5 trillion or until the end of March 2024. Latest U.S.

The House approved the debt ceiling bill, and it will now head to the Senate. This is brushing up against the deadline for when the U.S. is projected to run out of money to pay its bills: June 5.

An early X date surprise left Washington, D.C. scrambling to figure out how to raise the debt ceiling. The one real option remains a negotiated agreement between the two parties.

Biden world eyeing lame-duck action on debt ceiling and a lift past 2024. There is growing urgency to tackle the issue before a likely Republican House takes over.

U.S. markets reopen on Tuesday following Monday's public holiday, reacting for the first time to a weekend deal to suspend the $31.4 trillion U.S. debt ceiling until 2025 while keeping some costs ...

The debt ceiling is currently at $31.4 trillion, representing borrowing that the Treasury undertakes to fund its financial obligations, ranging from safety-net benefits such as Social Security ...