The US Treasury Department is now accepting Venmo and PayPal payments from those who want to donate money to reduce the ...

A Cook County program, designed to relieve patient medical debt, may not be working for everyone. For many struggling to pay ...

The fight over the debt limit is as much a fight over political power as it is about the issue itself. Americans are hardly aware of the machinations of the debt limit. In a December YouGov poll ...

The U.S. is once again approaching its debt ceiling, and failure to raise it could trigger a chain reaction across global ...

The debt ceiling, also known as debt limit, is the law that limits the amount of money the US government can borrow to cover costs — including paying federal employees, as well as Social ...

If Congress fails to raise the debt ceiling, the government would automatically default on its payments. In the more than 100 years since the limit was enacted, that has never happened.

The debt limit started to take its current shape in 1939, when Congress consolidated different limits that had been set on different types of bonds into a single borrowing cap.

Debt Ceiling Why the Debt Limit Is (Still, Really) Constitutional Biden still wants to explore the 14th Amendment—but it isn't a presidential authority, and the debt limit doesn't create a ...

The United States hit its $31.381 trillion debt ceiling, or limit, on Jan. 19, 2023. Once that debt limit was reached, the federal government became at risk of default.

Republicans and Democrats have long sparred over raising the debt ceiling. But this time, the odds are growing that the U.S. could default. By Jim Tankersley WASHINGTON — For nearly two decades ...

The term "debt ceiling" or debt limit refers to the maximum amount of money the federal government is allowed to borrow. The current debt limit is $18.1 trillion.