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 ...

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 ...

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 ...

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 ...

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 ...

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 ...