As part of Trump’s tax-and-spend bill, Republicans extended the debt limit by $5 trillion, leaving some wondering if the policy of setting any limit is outdated.

Failing to raise the debt limit before the Treasury runs out of cash could trigger further credit downgrades and roil ...

The passage of the “Big, Beautiful Bill” and its $5 trillion debt-limit increase has averted the crisis for now but not forever. “Increasing the debt ceiling should […] ...

President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S ...

The enormous surge in the national debt comes as Congress and President Trump approved the latest omnibus spending bill, ...

In its monthly budget review for May, Treasury altered its estimate to two weeks later than earlier estimates.

U.S. to hit debt limit Thursday 06:09. The U.S. on Thursday hit the limit on the amount of debt the federal government can issue to honor its financial obligations, also known as the debt ceiling ...

The debt limit — also known as the debt ceiling — is not in the Constitution nor in any of its 27 Amendments. It's just a statute, a law, ...

President-elect Donald J. Trump injected debt limit politics into already-fraught congressional spending talks this week, urging lawmakers to lift the debt limit or abolish it entirely before he ...

During a previous debt limit fight, Obama called the idea "wacky," and in 2021, Yellen called it a "gimmick." It’s also unclear whether this would be upheld in the courts.

The U.S. Capitol Building is seen on Jan. 19, 2023, in Washington, D.C. Treasury Secretary Janet Yellen said the U.S. reached its debt limit on Thursday and is resorting to extraordinary measures ...