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.

WASHINGTON - Congress on Wednesday approved an 11th-hour deal to end a partial government shutdown and pull the world's biggest economy back from the brink of a historic debt default that could hav ...

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 ...

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 ...

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 ...