Add Yahoo as a preferred source to see more of our stories on Google. The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills to ...

For someone who hates debt, Rep. Tim Burchett made a remarkable acknowledgment after voting this month for a massive bill that included a $5 trillion hike to the nation’s credit card limit. “I feel ...

Treasury Department Secretary Janet Yellen warned Tuesday that “time is running out” for Congress to lift the debt ceiling and avert a default on the nation’s debt, which the secretary says would be ...

For a time, Iowa’s U.S. House members were caught between a stalk and a hard place. But the four members of Iowa’s delegation stood their fertile ground, ultimately persuading their party’s leaders to ...

Speaker Kevin McCarthy (R-Calif.) pulled out all the stops last week to move a debt ceiling bill through the House, twisting arms, modifying language and cutting last-minute deals with leery ...

Debt ceiling negotiators for President Joe Biden and House Speaker Kevin McCarthy are trading more budget-cutting ideas at the Capitol. Republicans warn there’s a “lack of urgency” at the White House ...

Since the start of President Donald Trump‘s second term, the weight of the world, or at least of global markets, international trade, and geopolitical relations, has fallen on the shoulders of ...