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

The United States approaches another debt ceiling deadline in January 2025, and the Treasury Department has already sent notice to Congress. A temporary suspension of the debt limit ended on January 1 ...

Congress last raised the debt ceiling in June 2023, after the U.S. hit the ceiling on Jan. 18 of that year. The lengthy fight did not end in a default on the national debt, but instead that vote ...

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

Congressional GOP leaders are in a massive pickle as they weigh how to deal with a looming deadline to raise the debt ceiling ...

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

Speaker Mike Johnson (R-La.) in a Tuesday interview with The Hill’s Emily Brooks floated the possibility of working with ...

Bessent said in response that if Trump wants to eliminate the debt limit, “I will work with him.” “The U.S. is not going to default on its debt if I’m confirmed,” he said.

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