Senate Majority Leader Chuck Schumer said Thursday and lawmakers had reached a deal to extend the federal debt ceiling through December and that a vote on the measure could take place within hours.

Even if a debt ceiling deal is reached, Congress faces a serious time crunch to pass legislation before the end of the month. After a bill is drafted, ...

WASHINGTON — A deal has been reached between Senator Chuck Schumer (D-N.Y.) and Senator Mitch McConnell (R-K.Y.) to temporarily raise the debt ceiling and avoid a default by the Treasury ...

New spending Debt ceiling increased by $5 trillion Nearly $150 billion in additional border security spending, including $46.5 billion to construct a U.S.-Mexico border wall and about $30 billion ...

WASHINGTON — As Republicans barrel toward a critical deadline this summer to lift the debt ceiling, they say there’s no “Plan B” to avert an economically disastrous default if they fail to ...

WASHINGTON — Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal ...

The federal government risks defaulting on its debt sometime this summer or early fall without congressional action to address its debt ceiling, a new analysis found. The Bipartisan Policy Center ...

The White House and Congress have reached a deal that would suspend the debt limit until the end of July 2021 and raise federal spending over two years, The Wall Street Journal reported Monday ...