The House will vote Wednesday on a temporary extension of the deadline to raise the nation's debt limit, House Majority Leader Eric Cantor confirmed Monday. The House Rules Committee will take up ...

On Wednesday, the House voted by a 314–117 margin in favor of H.R. 3746, which, if signed into law, would raise the debt limit for two years and cut spending on some discretionary programs. That bill ...

The recently passed One Big Beautiful Bill Act increased the debt limit to $41.2 trillion, or 136 percent of GDP. Some believe that Congress will have to raise the debt limit again before the 2026 ...

A deal for where the U.S. debt limit will move, for now, could be ready for President Joe Biden's desk soon. Senators wrapped up voting late on Thursday night preparing the legislation to be ready for ...

When the government reaches the new ceiling, expected sometime next year, the debt will represent $30,000 for every man, woman and child in the United States. The House avoided an election-year vote ...

WASHINGTON, D.C. — U.S. Treasury Secretary Janet Yellen warned lawmakers Tuesday that Congress must address the looming debt ceiling before mid-October or risk defaulting on the nation's debt. In a ...

If the United States defaults on its financial obligations, millions of Americans might not be able to pay their bills as well. With Social Security and other government benefits at risk amid a ...

Florida Sen. Marco Rubio will vote against raising the debt ceiling because to do otherwise would be "nothing more than putting off the tough decisions until after the next election," he writes in The ...