The government exceeded its borrowing limit on Trump's second day in office, leaving the new government with an uncertain deadline for when the U.S. can no longer pay its bills.

Treasury Secretary Janet Yellen, in a letter on Friday to congressional leaders, said the Treasury would begin using extraordinary measures Jan. 21.

Reps. Scott Peters (D-CA-50) and Bill Huizenga (R-MI-4) reintroduced a bipartisan bill to reform how Congress handles the ...

House Speaker Mike Johnson said he'd be willing to negotiate with Democrats to raise the debt ceiling, something President ...

The federal government will hit its debt limit one day after President-elect Donald Trump’s inauguration – at which point “extraordinary measures” will be taken to keep the US from ...

House Speaker Mike Johnson said one of President Trump’s top priorities, increasing the debt limit, will now be part of ...

She sent a letter in late December to lawmakers stating that Treasury expected to hit the statutory debt ceiling between January 14 and January 23. And now, the agency will stop paying into certain ...

Some Republicans have long urged Treasury to choose which bills to pay when the debt ceiling gets close to being breached.

The U.S. Treasury on Wednesday maintained its guidance on keeping sales of longer-term debt unchanged well into 2025, despite ...

The breaching of the US debt limit could expose 2 bullish catalysts for stock prices: lower interest rates and gridlock among the Republican party.