Failing to raise the debt limit before the Treasury runs out of cash could trigger further credit downgrades and roil ...

President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S ...

Called the "Limit, Save, Grow Act," the 320-page proposal would lift the debt limit by $1.5 trillion or until the end of March 2024. Latest U.S.

The bill is going nowhere in the Senate. But Wednesday's successful vote marks a symbolic win for Speaker Kevin McCarthy, who struggled to unify Republicans behind a debt plan.

transcript. Senate Votes to Pass Debt Ceiling Bill In a 63-to-36 vote, lawmakers agreed to suspend the nation’s debt limit and put caps on federal spending for two years.

It will also provide $30 billion in economic aid for farmers and a one-year extension of the farm bill. The package does not address the debt limit that President-elect Donald Trump wanted to ...

House Republicans narrowly passed a bill to raise the debt ceiling while cutting spending by nearly 14 percent over a decade. President Biden has vowed to veto the measure.

McCarthy’s bill would extend the borrowing limit by $1.5 trillion or through March 31 — whichever comes first — with trillions of dollars in spending cuts over a decade, mostly unspecified ...

The final agreement, passed by the House on Wednesday and the Senate on Thursday, suspends the debt limit until 2025 — after the next presidential election — and restricts government spending.

Republicans: The House bill would cut 2024 U.S. discretionary spending back to the 2022 level of $1.664 trillion and limit subsequent annual increases to 1% for a decade.

House Republicans’ go-it-alone debt limit bill pairs a debt ceiling increase expected to last into next year with what Speaker Kevin McCarthy (R-Calif.) said would be about $4.5 trillion in ...

President Joe Biden and House Republicans have reached an agreement in principle to address the debt limit and cap spending. The bill text was released on Sunday evening, but the work is far from ...