The Treasury will soon have to start running down its cash reserves and turn to “extraordinary measures” to pay the ...

Unlike any other president, Donald Trump has tested the words and ideas in the literal text of the US Constitution, from the ...

I wish I could say the sheer lack of action with the Biden administration was surprising, but it was hardly unpredictable and ...

On a per capita basis, California’s gross domestic product is greater than the economies of the U.S., China, Germany, and ...

On January 20, 2025, at the moment he takes the oath of office, President Trump will find himself between a rock and a hard ...

Treasury Secretary Janet Yellen said Friday the nation will hit its debt ceiling the day after President Trump is inaugurated and that the agency will begin “extraordinary measures” to stave off ...

Addressing the debt limit in reconciliation is not “completely foreclosed,” Johnson said at a POLITICO Live event, but he said House leaders were “looking at all options.” “I’m not wed ...

Speaker Mike Johnson (R-La.) on Tuesday said he is “not wed” to including a debt limit increase in the reconciliation package full of President-elect Trump’s priorities, a sign that the top ...

The relationship between the income you earn and the debts you owe is another detail that may help determine the credit limit you receive. This figure is called your debt-to-income ratio ...

"Your head will spin when you see what's going to happen," Trump said. Here's a closer look at what he promised to do on Day ...

President-elect Trump and congressional Republicans are plotting how to address the nation’s debt limit this year. The debt ceiling, which caps how much money the Treasury can owe to pay the country’s ...

When the 117th U.S. Congress convened in 2021, the U.S. House of Representatives voted to remove the time limit with a vote ... In the case of the 14th Amendment, several states attempted to ...