If the United States defaults on its financial obligations, millions of Americans might not be able to pay their bills as well. With Social Security and other government benefits at risk amid a ...

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 'One Big Beautiful Bill Act' by the Republican Party, driven by former President Donald Trump, is sparking intense debate in Washington.

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 ...

Treasury Secretary Scott Bessent on Sunday said that the U.S. government will never default on its debt as the federal government faces a looming deadline to address the debt limit this summer.

Members of the House on Tuesday pushed through a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily ...

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 ...

WASHINGTON (Reuters) -The U.S. Treasury's primary dealers say they would prefer to end the federal debt ceiling, as it likely increases debt service costs and market volatility and may hurt the dollar ...

Concern over a possible default is expected to intensify in the coming weeks as Congress debates raising the U.S. debt ceiling. The debt limit debate probably sounds like a complicated economic issue.