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The debt ceiling is routinely raised to accommodate repayment of the country’s debt. The last time it was raised was in 2021. The debt ceiling was suspended last June.
The debt ceiling, which caps the amount the federal government can borrow, had previously not been on the table during negotiations over a stopgap spending bill before Friday's midnight deadline ...
Bill passed after senators rejected 11 proposed amendments
The debt ceiling compromise bill sailed to passage in the House on Wednesday evening. The House voted 314-117 after just over an hour of debate on the legislation. The bill required a simple ...
President-elect Donald Trump has come out against Congress' plan to fund the government through March and called on lawmakers to raise the debt ceiling, introducing a surprising, last-minute ...
(The Center Square) – House Speaker Mike Johnson, R-La., is scrambling to concoct a new stopgap plan with members of President-elect Donald Trump’s team with a looming government shutdown ...
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Here's a primer on the debt ceiling and examples of the possible consequences if the United States is unable to pay its debts. MORE: From Social Security to travel: Everything to know about a ...