In a new working paper published by the National Bureau of Economic Research, economists Vadim Elenev, Tim Landvoigt, an ...

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 ...

Treasury Secretary Janet Yellen said Friday the nation will hit its debt ceiling the day after President Trump is inaugurated and that the agency will begin “extraordinary measures” to stave off the ...

We’ve gotten a preview of the next four years in the space of a few hours on Wednesday. Elon Musk provided the shock troops to topple an end-of-year spending deal, and Donald Trump provided the final ...

U.S. President-elect Trump attends a Turning Point USA event in Phoenix, Arizona WASHINGTON (Reuters) -U.S. President-elect Donald Trump said on Sunday the 2023 debt ceiling extension agreed by then ...

You may have missed it amid your New Year’s Eve revelry, but the United States Congress is now, as of the stroke of midnight on Jan. 1, officially in violation of the federal debt limit. That’s ...

House Appropriations Chair Tom Cole (R-Okla.) said Sunday that he does not believe “we’ll have a debt limit suspension” a few days after Treasury Secretary Scott Bessent called on Congress to raise ...

Republicans have long used the need to raise the debt ceiling as leverage in negotiations over federal spending, but now that there is total GOP control in Washington with the Trump administration ...