The House and Senate have approved the debt ceiling deal by wide bipartisan margins, ending a stressful week in Joe Biden's presidency.

The faucets at the US Department of the Treasury are set to turn back on after nearly five months of frozen pipes.

The debt limit bill is headed to President Joe Biden's desk after Senate passed the legislation late Thursday. Follow here for the latest live news updates.

By Stacy M. Brown, National Correspondent, @StacyBrown The debt ceiling drama and any threats of America defaulting on its obligations have officially ended – at least for […]

With just days before the 5 June default deadline, president Joe Biden has indicated he will sign the bill as soon as it reaches his desk

The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would have been a first-ever default.

The Senate passed the bipartisan debt deal Thursday night, sending it to President Joe Biden’s desk days before the default deadline and capping off months of melodrama. The upper chamber saw some last-minute twists of its own,