Add Yahoo as a preferred source to see more of our stories on Google. President-elect Donald Trump speaks at a news conference at Mar-a-Lago on December 16, 2024, in Palm Beach, Florida. (Andrew ...

Add Yahoo as a preferred source to see more of our stories on Google. Although President-elect Donald Trump wanted to start 2025 without having to worry about the debt ceiling, he did not get his wish ...

As Washington lurches from one financial crisis to another, the next threat to the government defaulting on its bills could come as early as mid-July, according to a new analysis. The “X date” could ...

A version of this article originally appeared in Quartz’s members-only Weekend Brief newsletter. Quartz members get access to exclusive newsletters and more. Sign up here. Alexander Hamilton, whose ...

The debt ceiling has become a central point of contention in Washington this week, disrupting year-end government funding talks that were resolved early Saturday. What Happened: President-elect Donald ...

You may have missed it amid your New Year’s Eve revelry, but the United States Congress is now, as of the stroke of midnight on Jan. 1, officially in violation of the federal debt limit. That’s ...

The Congressional Budget Office projected Wednesday that the United States will breach the debt ceiling in August or September unless Congress acts. The CBO released the timeline for the “X date,” or ...

Among the measures being debated by Congress to avert a government shutdown is increasing the debt ceiling — or eliminating it entirely. Subscribe to read this story ad-free Get unlimited access to ad ...

President-elect Donald Trump on Wednesday shone a spotlight on the debt ceiling, rejecting a bipartisan government funding deal negotiated by House Speaker Mike Johnson and demanding lawmakers raise ...

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, DC: A view of the U.S. Capitol during morning rush hour. (Photo by Drew Angerer/Getty Images) Extending the U.S. debt ceiling will be one of the first fiscal matters in need of attention ...

The federal government will hit its debt limit one day after President-elect Donald Trump’s inauguration – at which point “extraordinary measures” will be taken to keep the US from defaulting on its ...