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 ...

A key deadline for the government's borrowing limit is rapidly approaching, but lawmakers may not have to deal with it until ...

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

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 ...

With a shutdown of the government looming, lawmakers on Capitol Hill find themselves at an impasse over the debt ceiling - a limit set by Congress on how much the US can borrow. President-elect ...

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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 ...

President Biden signed off on yet another student debt forgiveness package Friday, giving $4.28 billion to nearly 55,000 public service workers. The Education Department canceled the debt for ...

It would also involve an agreement to act on the debt limit next year as part of Republicans' planned massive conservative policy overhaul via a process called reconciliation. The new strategy ...

or debt limit, is the total amount of money that the United States government can borrow to meet its existing legal obligations. For the Treasury Department to borrow above that amount ...