Long an anachronism of American politics, the debt ceiling is back front and center on Capitol Hill as lawmakers grapple with trying to pass a budget. President-elect Donald Trump threw a monkey ...
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 ...
Should Congress fail to act on that threat and not raise the debt ceiling, Americans could experience severe consequences — retirement savings would be depleted, mortgage and student-loan ...
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