House Speaker Kevin McCarthy appears set to send members home after votes on Thursday, signaling that debt negotiations with the White House will continue as the risk of a first-ever default grows.

Sometime this summer, federal borrowing will bump up against its legal limit unless Congress can agree to raise or suspend the “debt ceiling.” With Republican fanatics already planning to use the ...

(CNN) — After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in principle to address the debt limit and cap spending. The drama is by no means ...

The U.S. could breach the debt ceiling at some point in 2027. Fixing it could be hard. If Democrats capture one or both chambers of Congress in November's midterm election, it would open the door to a ...