Discover how the U.S. national debt affects your finances and what to know about government borrowing and debt limits.

In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...

WASHINGTON, D.C. — Congress is taking action Thursday to avert a government shutdown. However, lawmakers are doing so by not addressing the debt ceiling. Treasury Secretary Janet Yellen has said if ...

WASHINGTON -- Seeking to strike a reassuring tone despite days of negotiations, President Joe Biden said Thursday afternoon that he's had several "productive conversations" with House Speaker Kevin ...

Despite Trump's prior comments, the White House has asked to raise the ceiling. — -- While President Donald Trump has spent much of his first six months in office attempting to roll back many of ...

As the debate over the debt ceiling continues, we thought it'd be helpful to explain just how the Treasury pays bills and how many bills it pays. To help with that, we brought in Tony Fratto. He was ...

The national debt is the total sum of money the U.S. government owes its creditors. The U.S. national debt primarily consists of public and intragovernmental debt. The debt-to-GDP ratio is a crucial ...

Whether or not to raise the debt ceiling is a hotly debated topic at the moment, even a point of disagreement within parties. The Atlantic Wire attempted to clear up the confusion surrounding the ...