The federal debt limit is not the same as funding the government. If the U.S. defaults on its debt, the ramifications are different than when Congress fails to fund the government. The recently ...

WASHINGTON — Senate Majority Leader Chuck Schumer warned Monday that Congress must pass legislation raising the debt ceiling by the end of the week to avoid defaulting on the nation’s debt. The New ...

Welcome to this week’s Founder Focus! I’m Melissa Angell, Inc.‘s policy correspondent, and each week I’ll be dissecting some of the top policy issues small businesses face. You can sign up to get this ...

Sen. Elizabeth Warren, D-Mass., said on Friday she agrees with President Donald Trump's call to eliminate the debt limit, urging bipartisan action to scrap it permanently. In a post on X, Warren wrote ...

President Trump doubled down Wednesday on calls to scrap the nation’s debt ceiling, pressing for bipartisan action to abolish it and finding common ground with Democratic Sen. Elizabeth Warren (Mass.) ...

Washington — The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money to pay its bills— as early as August without a deal between ...

Republicans have long used the need to raise the debt ceiling as leverage in negotiations over federal spending, but now that there is total GOP control in Washington with the Trump administration ...