Treasury Secretary Janet Yellen said that despite the government hitting the debt ceiling months ago, there has been no plan for prioritizing payments presented to the president. As lawmakers struggle ...

A bipartisan group of lawmakers drafted a debt ceiling proposal that would help the country avoid defaulting on its loans and would act as a backup plan if House Republicans and President Joe Biden ...

If the debt ceiling deal hammered out between President Joe Biden and House Speaker Kevin McCarthy, R-California, passes Congress and is signed into law by the president, the pause on federally funded ...

This week marks the biggest test yet for the speakership of House Speaker Kevin McCarthy, R-Calif. McCarthy needs to show that he can keep his members together to approve the Republican version of a ...

The Greater Good: That’s the lesson now that the debt-limit deal has been approved by the U.S. House and Senate, economists say. Yes, some senators are angry about defense spending, work requirements ...

The House passed the debt ceiling bill Wednesday night just days ahead of the June 5 deadline to avoid a catastrophic U.S. default. McCarthy suggests he'll push for more cuts and work requirements now ...

The House GOP’s Limit, Save, Grow Act to raise the debt ceiling contains within it a vitally important reform — work requirements for able-bodied adults to qualify for Medicaid. While the ...

Speaker Kevin McCarthy’s (R-Calif.) debt-ceiling spending plan–which takes aim at some small-business benefits–passed the House this week, setting up negotiations with the Senate as the country ...

House Republican leaders are moving behind the scenes to get their conference behind a plan that would raise the debt ceiling for one year with a slew of cuts and revenue raisers, a move intended to ...