WASHINGTON — Democrats could have lifted the debt ceiling while they still controlled both the House and Senate, House Speaker Kevin McCarthy (R-Calif.) said Wednesday, but they declined to do it for ...

President-elect Donald Trump has called on Congress to extend the U.S. debt ceiling, emphasizing that avoiding a federal default is his top priority. The debt ceiling, which expired at the end of 2023 ...

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 ...

A screen shows the national debt clock after the US hit its debt limit and the Treasury started using extraordinary measures to avoid default (Photo by Fatih Aktas/Anadolu Agency via Getty Images) The ...

Days from a deadline, President Joe Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal aiming to curb federal deficits in exchange for lifting the nation's debt ceiling ...

House Republicans from swing districts are flatly rejecting the White House’s position that there be no negotiations with Congress over raising the national debt ceiling, insisting that they won’t ...

The US has been in debt and arguing about it for its entire existence. The only two years in US history when there was no debt came as then-President Andrew Jackson was blowing up the banking system ...

House Minority Leader Hakeem Jeffries, D-N.Y., on Sunday wouldn't commit to supporting a short-term extension of the debt ceiling and insisted on a "clean" debt ceiling lift, in an exclusive interview ...

President Joe Biden hasn’t yet lost control of Congress. But already, his administration is preparing for its first major showdown with a newly emboldened Republican party. Senior Biden officials and ...