Raising the debt ceiling refers to Congress increasing the amount of money the federal government can borrow to meet its financial obligations, which enables a larger national debt. In December ...

The battle to choose a new House Speaker underscores a looming threat to America’s financial stability — a struggle in 2023 over raising the “debt ceiling,” the total amount of money the ...

Of course, a failure to suspend or raise the debt ceiling would throw all those bets out the window. With Washington inching ever closer to a deal on the debt ceiling, we thought it a good time to ...

They see raising the debt limit when necessary as housekeeping needed to maintain the operation of the government. The national debt, in their view, is simply a means to fund legislative ...

the deadline to raise or suspend the federal debt limit is fast approaching. After months of dithering, Washington is finally beginning to grapple with the need to raise or suspend the federal ...

One of the basics of finance is that U.S. government securities represent a “risk-free” rate of return, but unless Congress and the White House can hammer out a deal to raise the debt ceiling ...

NEW YORK, January 19. /TASS/. Raising the ceiling of the United States national debt will affect the long-term growth of the country's economy and its ability to finance government programs in the ...

US lawmakers have voted to raise the national debt limit, just days before a potential US credit default. The measure, which President Joe Biden is expected to sign into law in the coming days ...

President Biden and House Speaker Kevin McCarthy (R-Calif.) reached a tentative deal on raising the nation's $31.4 trillion debt limit, giving Congress time to pass it before June 5, when the ...

A default on United States government debt owing to the debt ceiling isn’t likely, but should one happen, here’s what the damage could look like. The Congress fight over raising the government ...

China said on Friday lawmakers had agreed to raise the local government debt ceiling by $840 billion, opening up new funds for its ailing economy as they eye the possibility of intensified trade ...