The debt ceiling was suspended in June 2023 and reinstated in January 2025. Where raising the debt limit sets a specific cap, a suspension declines to set a dollar amount.

The U.S. is once again approaching its debt ceiling, and failure to raise it could trigger a chain reaction across global ...

Senate Republicans are backing a budget package that would raise the debt ceiling by $5 trillion, the largest increase in U.S. history, raising questions about its economic impact. The proposal is ...

Debt ceiling default timeline: When are Medicaid, Social Security and other payments in jeopardy Billions in benefits, military pay and more are slated to go out in June.

The U.S. Treasury has announced plans to borrow a staggering $1.007 trillion in the third quarter, a move attributed to the need to restore its cash reserves, which were depleted during the recent ...

Failure to raise the debt limit and ensuing default on U.S. debt – which have never happened before – would cause immense harm to the U.S. and global economies, since the trustworthiness of U ...

Debt ceiling negotiators 'making progress,' Biden says even as deal remains elusive There are just seven days left before potential default By Rachel Scott, Gabe Ferris, and Lauren Peller, ABCNews ...

The House-passed BBB has a provision raising the debt limit by $4 trillion, enough to accommodate the additional debt the bill itself would create (CBO has estimated it will add $2.4 trillion to ...

Historically, the debt ceiling has gone up, I don't know, maybe 100 times in the last, maybe not 100 times, let's say 50 times in the last 30 years.

Imagine the next Congress--led by Majority Leader Elizabeth Warren?--with nothing to limit it, nothing to stand in its way from giving away the future. On Thursday of this week, the national debt ...

Senate Republicans are backing a budget package that would raise the debt ceiling by $5 trillion, the largest increase in U.S. history, raising questions about its economic impact.