President-elect Donald Trump on Wednesday rejected Congress' bipartisan plan that would have temporarily funded the government and dodged a serious shutdown that could begin on Friday night. But Trump ...

The latest last-minute deal to raise the US debt limit does not solve the underlying political problem. On the contrary, with the country on track for a Biden-Trump rematch next year – a contest that ...

The recent U.S. debt ceiling debacle has shed light on just how dangerous a polarized and fragile political landscape can be for the American public. While the U.S. economy narrowly avoided defaulting ...

In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...

Melissa Quinn is a senior reporter for CBSNews.com, where she covers U.S. politics, with a focus on the Supreme Court and federal courts. In a statement Wednesday, Trump and Vance lambasted the ...

Among the measures being debated by Congress to avert a government shutdown is increasing the debt ceiling — or eliminating it entirely. It's arguably the most unusual demand from President-elect ...

Anne Fortier is the New York Times bestselling author of Juliet. Her new book, The Lost Sisterhood will hit the shelves on March 11. The U.S. government reached its $14 trillion borrowing limit today.

The budget and debt ceiling fights in Washington often seem to take place in a hermetically sealed bubble. Or maybe on some faraway planet “Beltway,” where there’s definitely less oxygen in the ...

Although President-elect Donald Trump wanted to start 2025 without having to worry about the debt ceiling, he did not get his wish. Addressing the debt ceiling, which will be reinstated on January 2, ...

U.S. Treasurys are a linchpin of the global financial system — and they’re what’s at risk in the unfolding debt limit debacle. Plus, a deep dive into the mermaid economy.