Democrats have long called for eliminating the debt ceiling. Sen. Elizabeth Warren signaled support for Trump's unexpected proposal.

U.S. debt nears $40T as borrowing and $1.2T interest costs surge—GAO and Ray Dalio warn of fiscal risks. Click here to read in detail.

If the U.S. defaults on its debt, the government would fail to meet its financial obligations to bondholders. This would trigger widespread economic disruption. While the U.S. has never fully ...

The U.S. debt ceiling is not a particularly interesting topic, but it's the limit our government can spend before it defaults — almost like a consumer credit card. And while it's just a number to many ...