Concern over a possible default is expected to intensify in the coming weeks as Congress debates raising the U.S. debt ceiling. The debt limit debate probably sounds like a complicated economic issue.

WASHINGTON, D.C. — President Joe Biden is urging Republicans not to use the filibuster to block Democrats in the Senate from raising the U.S. debt ceiling. “If you don’t want to help save the country, ...

WASHINGTON -- While the concept of the debt ceiling might seem "in the weeds," it actually poses a very real threat to millions of Americans in a precarious economic period. If lawmakers on Capitol ...

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 ...

The chief of the largest American bank is again sounding the alarm about Washington's finances, warning that a $38 trillion national debt is pushing the United States toward a crisis. Chase CEO Jamie ...

The sharpest single-day fall in the dollar occurred on January 20, 2025, the day of Trump’s inauguration as the 47th US ...

A Chinese official warned American politicians on Monday that “the clock is ticking” down to a dangerous default on U.S. debt, calling on them to come to an agreement over raising the debt ceiling.

President-elect Donald Trump said Thursday that Congress should get rid of the debt ceiling, a day after he and Elon Musk came out against a deal reached by congressional lawmakers to fund the ...

House Republicans have abandoned plans to extend the U.S. debt limit in exchange for the repeal of the Patient Protection and Affordable Care Act’s risk corridors for health insurers, according to a ...

In July 2025, Congress narrowly avoided catastrophe by raising the debt ceiling to $41.1 trillion through the One Big Beautiful Bill Act. The reprieve was temporary. With the Congressional Budget ...