Treasury Secretary Janet Yellen said Friday she expects the U.S. will officially run up against its borrowing limit in mid- to late-January, starting the clock on a major fiscal challenge facing ...

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 ...

"Treasury expects to hit the statutory debt ceiling between January 14 and January 23," Yellen wrote in a letter addressed to House and Senate leadership, at which point extraordinary measures ...

The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit. By Alan Rappeport Alan Rappeport has covered debt limit fights during the ...

If you have credit card debt, you're not alone: Americans owe a record $1.08 trillion on their cards, according to credit reporting agency Experian, with the average balance pushing past $6,300.

A bus driver who wielded a knife as he chased a group of youths who threw snowballs at him has been fined £300. Preston Lodowica, 53, had stopped at Killingworth Shopping Centre, in North ...

He insisted that any deal must include that provision for the debt ceiling, the legislative limit on the amount of national debt the country can incur. It's an issue that hadn't been ...

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 ...

But the incoming president and vice president also added a new, significant wrinkle to negotiations when they urged Congress to raise or abolish the debt ceiling now, instead of next year.

The World Bank’s recently released International Debt Report highlights a worrying external debt position for low and middle income countries (LMICs). While economic activity has rebounded in these ...

Amid Donald Trump’s chaotic, last-minute intervention into congressional negotiations about government funding, he has stumbled upon a good idea: He wants to abolish the debt ceiling.