President-elect Donald Trump on Wednesday rejected Congress' bipartisan plan that would have temporarily funded the government and dodged a serious shutdown that could begin on Friday night. But Trump ...

The federal government was once again teetering on the brink of default this summer, leading to headlines buzzing about the debt ceiling. But you might be wondering what the debt ceiling actually is ...

In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...

Melissa Quinn is a senior reporter for CBSNews.com, where she covers U.S. politics, with a focus on the Supreme Court and federal courts. In a statement Wednesday, Trump and Vance lambasted the ...

Normally, Republicans argue against raising the debt ceiling, which is the maximum amount of money that the government can borrow. The debt ceiling was constructed at a time after the Great Depression ...

Incoming President Donald Trump's second administration kicks off as the U.S. debt-ceiling debate enters another critical juncture A popular way for investors to earn yield on cash could get harder in ...

The debt ceiling is the legal limit on the total amount of federal debt that the US government can have outstanding. The X-date is when the US government will exhaust its extraordinary measures and be ...

Although President-elect Donald Trump wanted to start 2025 without having to worry about the debt ceiling, he did not get his wish. Addressing the debt ceiling, which will be reinstated on January 2, ...

Last year, a stalemate between President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...

President-elect Donald Trump confounded members of Congress and flipped the government spending debate on its head when he demanded a premature increase to the debt ceiling on “Biden’s watch” rather ...

Treasury bill supply is set to drop if the U.S. is forced to operate under 'extraordinary measures' in the coming weeks Investors clutching cash might soon bear the brunt of a U.S. debt-ceiling fight, ...