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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 ...
For about 48 hours last week, it looked like a debt ceiling fight in 2025 would be averted, as ideas were floated to postpone the issue until 2027 or 2029 (or even forever). But it was not to be.
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 ...
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.
Treasury Secretary Janet Yellen warned Congress that the country could hit its debt ceiling as soon as Jan. 14 in a letter sent Friday. Yellen said in the letter that the debt ceiling could be ...
WASHINGTON (Reuters) -U.S. President-elect Donald Trump said on Sunday the 2023 debt ceiling extension agreed by then House Speaker Kevin McCarthy and President Joe Biden will "go down as one of ...
Since first setting a debt limit of $45bn in 1939, the debt ceiling has been raised 103 times. The last time the debt ceiling was reached, in January 2023, the figure stood at $31.4 trillion.