In July 2025, Congress narrowly avoided catastrophe by raising the debt ceiling to $41.1 trillion through the One Big Beautiful Bill Act. The reprieve was temporary. With the Congressional Budget ...

$33 trillion represents more than 120% of the entire U.S. Gross Domestic Product (GDP), a level not seen since the massive borrowing needed to finance World War II. Yet, unlike that brief emergency, ...

The 'One Big Beautiful Bill Act' by the Republican Party, driven by former President Donald Trump, is sparking intense debate in Washington.

WASHINGTON -- While the concept of the debt ceiling might seem "in the weeds," it actually poses a very real threat to millions of Americans in a precarious economic period. If lawmakers on Capitol ...

On Thursday, the White House announced that President Joe Biden has called together a group of top aides to study “all legal and policy options” for preventing future debt ceiling standoffs. The group ...

This is an archived article and the information in the article may be outdated.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. WASHINGTON (NEXSTAR) — The pressure is on in ...

Concern over a possible default is expected to intensify in the coming weeks as Congress debates raising the U.S. debt ceiling. The debt limit debate probably sounds like a complicated economic issue.

We disagree with President Trump on many things, but we can find common ground on abolishing the debt ceiling. We’ve called for an end to the debt ceiling multiple times, and we’re asking our ...