Congress could raise the ceiling or temporarily suspend it and punt the problem into the future. Or the government could default on its debt. Over the past 50 years, the government has raised it ...

Democratic Rep. Jamie Raskin told BI that the president could invoke a clause in the 14th Amendment that would declare a default and the debt ceiling that caused that default unconstitutional.

which could force the nation to default on its obligations for the first time. The US last dealt with a debt ceiling crisis in early 2023, when it hit its $31.4 trillion debt limit. After months ...

A recent email I received from “P” asked for my opinion of “the current safety of U.S. Treasuries in this uncertain time.” ...

The federal government was once again teetering on the brink of default this summer, leading to headlines buzzing about the debt ceiling. But you might be wondering what the debt ceiling actually ...

Yields on Treasury bills set to mature in July and August have been climbing, reflecting growing concerns the U.S. debt-ceiling battle.

OPEC and its allies face a tricky dilemma: should they start loosening oil production caps even though the crude supply and ...

The budget plan the Senate passed before dawn on Friday leaves large hurdles for President Donald Trump’s tax cut agenda and ...

Any default by the U.S. on its financial obligations ... medical care for veterans and elderly Americans. Reaching the debt limit does not mean the government ceases to function.

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 ...

Wendy Edelberg is the director of the Hamilton Project at the Brookings Institution and was chief economist of the ...