WASHINGTON — Top White House and Republican negotiators on Saturday reached a deal in principle to raise the debt limit for two years, avoiding a catastrophic default that loomed in early June, House ...

WASHINGTON, DC (AP) — The House has approved the debt ceiling and budget cuts package, sending it to the Senate. President Joe Biden negotiated the deal with Speaker Kevin McCarthy to avert a U.S.

Top leaders in both parties reached a long-sought deal on Saturday to avoid an unprecedented government default, announcing an agreement on a plan to lift the debt ceiling for two years and apply new ...

The nation appears to be on track to avoid an economic calamity. A last-minute debt agreement between President Biden and House Speaker Kevin McCarthy, R-Calif., forged over the weekend, has famili ...

On August 3, 2026, the U.S. Senate voted unanimously to pass S. 3977, the Bankruptcy Threshold Adjustment Act of 2026. The bill has had bipartisan support since it was introduced in March 2026. The ...

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