This critical action allows the government to continue borrowing to meet its legally binding financial obligations.

President-elect Donald Trump said on Tuesday that he wants the U.S. Congress to extend the nation's debt ceiling, adding that ...

The new cohort of lawmakers could agree to once again suspend it. They could also get rid of the national debt cap altogether ...

Alexander Hamilton, whose financial acumen financed George Washington’s army, and very likely paved the way to win the ...

The Treasury Department on Friday said the government is beginning to run out of money to finance its debt obligations.

Treasury Secretary Janet Yellen said Friday she expects the U.S. will officially run up against its borrowing limit in mid- ...

Treasury Secretary Janet Yellen warned Congress that the country could hit the debt ceiling as soon as Jan. 14 in a letter ...

A debate over the debt ceiling is at the center of a dispute over funding that is pushing the possibility of a federal ...

The notification to Congress is the clearest sign yet that the fight to avoid default will likely take place in the early ...

Treasury Secretary Janet Yellen said her agency will need to start taking "extraordinary measures" or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling by ...

The debt ceiling is the limit placed by Congress on the amount of ... A default would occur if the U.S. failed to pay bondholders who have lent money to the government. The United States has never ...