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 — 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.

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 ...

Senate Minority Leader Mitch McConnell (R-Ky.) is demanding “significant” near-term cuts in Medicare and Medicaid in exchange for agreeing to raise the federal debt limit by early August, according to ...