The federal debt limit has no practical value. This suggests that ending it would be a good idea. Yet the laws of unintended ...

The federal government is indeed awash in debt. The national debt clock rings in at more than $36 trillion and it’s rapidly rising. But instead of reining in spending, Trump said eliminating the ...

including smaller so-called keystone clocks that are shaped to remind people of Pennsylvania’s early and critical role in the formation of the United States, leaving it with the nickname of the ...

including smaller so-called keystone clocks that are shaped to remind people of Pennsylvania's early and critical role in the formation of the United States, leaving it with the nickname of the ...

WASHINGTON: Republican hardliners who normally are ardent supporters of President-elect Donald Trump are resisting his push to raise the US debt ceiling, sticking to their belief that government ...

The US House of Representatives has passed a bill to fund the government, a key step toward averting a midnight government shutdown. The final vote was 366 in favour, 34 opposed and one lawmaker ...

US President Joe Biden said yesterday he was canceling student loans for an additional 55,000 Americans, which would amount to wiping out $4.28 billion in debt in his final month in office.

The U.S. Congress found itself racing against time to prevent a partial government shutdown on Friday, following the rejection of President-elect Donald Trump's request by over three dozen Republicans ...

A debt limit is a cap set by Congress on how much money the US government can borrow. Because the government spends more money than it collects in tax revenue, lawmakers need to periodically ...

A debate over the debt ceiling is at the center of a dispute over funding that is pushing Washington to the brink of a federal government shutdown. President-elect Donald Trump has demanded that a ...

In 1917, when it was financing World War I with Liberty Bonds, Congress instituted a limit on US borrowing and the debt ceiling evolved from there as US debt has grown and grown and grown.

“This isn’t the way I wanted it to end,” said Melissa Byrne, an activist who has pushed for student debt cancellation. “Unfortunately, this is the most prudent action to take right now.