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 ...

Congressional GOP leaders are in a massive pickle as they weigh how to deal with a looming deadline to raise the debt ceiling. President Trump is pressuring Republicans to not allow Democrats to use ...

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 ...

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, ...

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 ...

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 ...

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 US's ballooning debt burden is sparking concern on Wall Street. The country is one of just 21 worldwide whose debt-to-GDP ratio exceeds 100%. Concerns about deteriorating public finances have ...

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, ...