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President-elect Donald Trump on Wednesday shone a spotlight on the debt ceiling, rejecting a bipartisan government funding deal negotiated by House Speaker Mike Johnson and demanding lawmakers ...
Bill passed after senators rejected 11 proposed amendments
The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills to those it borrowed from and dole out money for everything from ...
The details of the deal between President Joe Biden and House Speaker Kevin McCarthy were released Sunday in the form of a 99-page bill that would suspend the nation's debt limit through 2025 to ...
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 ...
Members of both parties have reservations with the deal reached over the weekend, with the right-wing Freedom Caucus hoping to scuttle the bill in the House. Debt ceiling deal: What's in it and ...
Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of ...
WASHINGTON (Reuters) -U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, ending a ...