Biden had insisted on approving the debt ceiling with no strings attached, saying the U.S. always pays its bills and defaulting on debt is non-negotiable. But he launched negotiations after House ...

WASHINGTON - House Speaker Kevin McCarthy said Saturday that Republican negotiators were "closer to an agreement" that would resolve the looming debt crisis, but had not reached a deal with President ...

Senate Republicans are backing a budget package that would raise the debt ceiling by $5 trillion, the largest increase in U.S. history, raising questions about its economic impact. The proposal is ...

Rep. Tim Burchett (R-Tennessee), a hard-right conservative, acknowledges the hypocrisy of Republicans who had argued that the government shouldn't be raising the national debt. (Kevin Dietsch/Getty ...

The recently passed One Big Beautiful Bill Act increased the debt limit to $41.2 trillion, or 136 percent of GDP. Some believe that Congress will have to raise the debt limit again before the 2026 ...

WASHINGTON — House Speaker Kevin McCarthy said Thursday that "every hour matters" as his team scrambles to finalize a budget deal with the White House that would enable the government to avoid a ...