Exceeding it could do irrevocable damage to the U.S. credit rating, interest rates and the dollar.

A controversial plan by U.S. Senate Republicans to make President Donald Trump's 2017 tax cuts permanent by ignoring the cost to the deficit is raising warnings from party fiscal hawks and independent ...

Since they began just over a month ago, the twists and turns of the federal employee firings have been hard to keep straight. Guided by billionaire Elon Musk and his Department Of ...

Reserves are expected to be at $3.125 trillion by the end of the QT process, compared with $3.3 trillion now, while the level ...

The time it takes debt and derogatory marks to fall off your credit report depends on the type of debt or mark involved. In general, most debt will fall off your credit report after seven years, but ...

Germany's Scholz: Debt Ceiling Will Not Cap Our Defence Spending MUNICH (Reuters) -German Chancellor Olaf Scholz on Saturday predicted that a new government would create an exemption for spending ...

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 ...

Those matters, Johnson said, are raising the debt limit, increasing the deduction cap on state and local taxes and how to pay for the tax cut extensions, a question that has been at the center of ...

primeimages / Getty Images Debt is not always a bad thing ... A credit card provides a borrower with a set credit limit they can access continuously over time. Like a line of credit, consumers ...