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The nation’s debt ceiling was reinstated Thursday, giving congressional Republicans yet another divisive challenge to contend with in 2025.. President-elect Donald Trump is demanding that GOP ...
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 ...
Bill passed after senators rejected 11 proposed amendments
The Senate on Thursday night passed a bill to raise the debt ceiling. The measure was approved in a bipartisan 63-36 vote after passing the House by a wide and bipartisan margin Wednesday night.
The nation will hit its roughly $36 trillion debt limit on Tuesday, when the Treasury Department will start taking extraordinary measures to allow the government to pay its bills, outgoing ...
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 ...
A debt-ceiling breach has become a political tool — one that Trump is trying to wield for the last time The debt ceiling limits the amount of money the federal government is allowed to borrow to ...
In 2013, when the government careened toward default before raising the debt limit at the last minute, the economy lost 1% of GDP. The debt limit debate Congress could eliminate the debt ceiling.