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.

On Oct. 15, the sitting U.S. Treasury Secretary Jack Lew sent his warning letter to Congress to increase the U.S. debt ceiling “or else.” Should bond investors be scared? Here’s an excerpt from Lew’s ...

House negotiators worked into the early hours of Saturday morning, but still have not reached a deal on the debt ceiling. However, they say the possibility of reaching an agreement is within closer ...

A new projection of Washington's looming "X date," when the US government will be unable to pay its bills because of the debt ceiling cap, finds that the deadline is likely to fall between Aug. 15 and ...

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 ...

Treasury Secretary Jack Lew warned Congress in a letter Wednesday morning that Oct. 17 will be the last day that the government has the funds to meet all its obligations if the debt ceiling is not ...