A debate over the debt ceiling is at the center of a dispute over funding that is pushing Washington to the brink of a federal government shutdown. President-elect Donald Trump has demanded that a ...

The nation will hit its roughly $36 trillion debt limit on Tuesday, when the Treasury Department will start taking extraordinary measures to allow the government to pay its bills, outgoing Treasury ...

But the incoming president and vice president also added a new, significant wrinkle to negotiations when they urged Congress to raise or abolish the debt ceiling now, instead of next year.

In one of her last acts as Treasury Secretary, Janet Yellen said her agency will start taking “extraordinary measures,” or ...

The nation’s debt ceiling was reinstated Thursday, giving congressional Republicans yet another divisive challenge to contend with in 2025. President-elect Donald Trump is demanding that GOP ...

Donald Trump hoped to avoid a debt ceiling fight in 2025, but it was not to be. Last month, Democrats and about three dozen of the most conservative Republicans made common cause to reject a plan ...

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 ...

Get someone to keep Trump’s lawyer away from Andrew Tate, like, now. Alina Habba, who also will serve as incoming counselor to the president during Trump’s second term, heaped fawning praise on the ...

A new debt ceiling was established this week, setting up a debate for the months ahead about averting a government default. The parameters of that coming standoff are already making Donald Trump ...

The U.S. government has less than three weeks to raise its debt limit before it will need to take “extraordinary measures” to sustain federal operations, Treasury Secretary Janet L.