A deal allowing the US to borrow more money has moved closer to becoming law, days before the world's biggest economy is due to start defaulting on its debt. The measure easily passed the House of ...

House Republicans have narrowly passed a bill to raise the nation's debt ceiling. But even party leaders acknowledge the bill is nowhere close to becoming law. The House bill increases the debt ...

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The U.S. Senate passed a House-approved bill late Thursday to suspend the national debt limit and put a lid on government spending for two years, and President Joe Biden is expected to sign the ...

A debt ceiling deal is on the horizon six days from the deadline Republican lawmakers and White House negotiators are moving closer to a deal to raise the nation's borrowing limit. Sources ...

A deal on the debt ceiling is coming into focus in Washington, and you can practically hear market participants breathing a deep sigh of relief. Speaker Kevin McCarthy issued his most optimistic ...

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WASHINGTON--Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan ...

Editor’s note: The debt limit deal signed into law in June requires a 1 percent cut across the board if all 12 appropriations bills are not passed by Jan. 1, 2024 ...