A deal for where the U.S. debt limit will move, for now, could be ready for President Joe Biden's desk soon. Senators wrapped up voting late on Thursday night preparing the legislation to be ready for ...

WASHINGTON — Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send ...

WASHINGTON (AP) — Senate Republican leader Mitch McConnell on Wednesday told Democrats he would allow an emergency debt limit extension into December, edging back from a perilous standoff by offering ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. Senate Democrats are vocally unenthused with ...

WASHINGTON (NEXSTAR) — A week away from a shutdown, Democrats and Republicans are still sparring over a path forward to fund the government. One main sticking point: Democrats’ push to attach a debt ...

Republicans want massive spending cuts in exchange for raising the debt ceiling and avoiding default. Chuck Schumer says their legislation won't fly.

As Congress considers whether to raise the debt ceiling in the coming weeks, President Obama has had to respond to questions about his own prior votes on the debt limit when he was a United States ...

WASHINGTON — The Senate voted Thursday to raise the ceiling on the government debt to $12.4 trillion, an increase over the current limit and a political problem that President Barack Obama has ...