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 ...

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.

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 ...

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.

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 ...

President Donald Trump's hallmark legislation includes a staggering $5 trillion hike to the debt ceiling — a move that gives Republicans added leverage in bipartisan negotiations. With control of both ...