The US national debt has climbed past $37 trillion — a record sum that shows how quickly the federal government’s borrowing ...

The last time it was raised was in 2021. The debt ceiling was suspended last June. Where raising the debt limit sets a specific cap, a suspension declines to set a dollar amount.

A new projection of Washington's looming "X date," when the US government will be unable to pay its bills because of the debt ceiling cap, finds that the deadline is likely to fall between Aug. 15 ...

President Joe Biden and House Speaker Kevin McCarthy have reached a tentative deal to raise the US debt ceiling, potentially avoiding a default. However, the deal still needs to pass through Congress.

The United States Capitol in Washington D.C. The U.S. government has operated on a budget deficit in all but four years since 1970, making the accumulation of debt a crucial source of federal ...

The US House of Representatives has approved legislation that temporarily suspends the requirement for Congress to approve the nation's debt ceiling. Republicans voted to approve the nearly four-month ...