A U.S. government default would be unprecedented. President-elect Donald Trump on Wednesday shone a spotlight on the debt ceiling, rejecting a bipartisan government funding deal negotiated by ...

President-elect Donald Trump confounded members of Congress and flipped the government spending debate on its head when he demanded a premature increase to the debt ceiling on “Biden’s watch ...

President-elect Donald Trump added a wrinkle to negotiations over a deal to fund the government when he called for an increase to the debt ceiling. Latest U.S.

What happens when we hit the debt limit? Hitting the debt limit isn't catastrophic. According to U.S. Treasury Secretary Janet Yellen, the U.S. had already reached that ceiling as of Jan. 18. 2023.

The ceiling is routinely raised to accommodate repayment of the country’s debt. The last time it was raised was in 2021. The debt ceiling was suspended last June.

Long an anachronism of American politics, the debt ceiling is back front and center on Capitol Hill as lawmakers grapple with trying to pass a budget. President-elect Donald Trump threw a monkey ...