The OBBB cut taxes for many Americans but also added to the national debt, which could be a problem for Americans in the long ...

President Trump doubled down Wednesday on calls to scrap the nation’s debt ceiling, pressing for bipartisan action to abolish it and finding common ground with Democratic Sen. Elizabeth Warren (Mass.) ...

Add Yahoo as a preferred source to see more of our stories on Google. House GOP unveils plan to raise debt limit by $4 trillion House Republicans are moving forward with plans to raise the nation’s ...

The federal debt limit is not the same as funding the government. If the U.S. defaults on its debt, the ramifications are different than when Congress fails to fund the government. The recently ...

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 ...

The federal government's gross national debt topped $37 trillion for the first time in history last week, and the U.S. has room to add trillions of dollars more to the debt following the enactment of ...

WASHINGTON — Treasury Secretary Janet Yellen said her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ...

Treasury Secretary Janet Yellen said her department is likely to begin taking special accounting maneuvers sometime in mid-January to avoid breaching the U.S. debt limit, and urged lawmakers to take ...

Republicans have long used the need to raise the debt ceiling as leverage in negotiations over federal spending, but now that there is total GOP control in Washington with the Trump administration ...

WASHINGTON, DC: A view of the U.S. Capitol during morning rush hour. (Photo by Drew Angerer/Getty Images) Extending the U.S. debt ceiling will be one of the first fiscal matters in need of attention ...