Congress and the White House averted a default on the nation’s debt, ratifying a deal struck by House Speaker Kevin McCarthy and President Joe Biden. Jack Ohman leads this week’s editorial cartoon ...

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, ...

Last year, a stalemate between 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 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 ...

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 ...

Among the measures being debated by Congress to avert a government shutdown is increasing the debt ceiling — or eliminating it entirely. It's arguably the most unusual demand from President-elect ...

Although President-elect Donald Trump wanted to start 2025 without having to worry about the debt ceiling, he did not get his wish. Addressing the debt ceiling, which will be reinstated on January 2, ...

President-elect Donald Trump confounded members of Congress and flipped the government spending debate on its head when he demanded a premature increase to the debt ceiling on “Biden’s watch” rather ...