WASHINGTON — A deal has been reached between Senator Chuck Schumer (D-N.Y.) and Senator Mitch McConnell (R-K.Y.) to temporarily raise the debt ceiling and avoid a default by the Treasury Department.

A number of declared and prospective Republican presidential candidates are voicing opposition to a debt ceiling deal that House Speaker Kevin McCarthy (R-Calif.) struck with President Biden this ...

WASHINGTON (NEXSTAR) — Environmental groups say the energy provisions in the debt ceiling deal are a step back for decarboninzation, while proponents are hailing it as a fair compromise that will ...

In June, I compiled a guide of nine things to know about the debt ceiling. Back then, Congress and the White House had eight weeks to reach an agreement before the Aug. 2 ...

President Obama signed into law the debt-ceiling bill – formally called the Budget Control Act – shortly after his speech. later in the day he took the next step with a message to the U.S. Congress.