Two decades of tax cuts, recession responses and bipartisan spending fueled more borrowing — contributing $25 trillion to the total and setting the stage for another federal showdown.

The U.S. Department of the Treasury took "extraordinary measures" to avoid defaulting on debt, giving lawmakers probably six ...

The federal debt rose trillions during the Republican's time four years in office, albeit amid major borrowings as a result ...

On Thursday, officials announced that the U.S. government <a href=" up its legal borrowing capacity of $31.381 trillion, and ...

The government hit the debt ceiling — currently set at $31.38 trillion — last week ... but the full faith and credit of the United States must never be compromised." Republicans, meanwhile, have ...

No one likes tax hikes, but with $31 trillion in national debt, they must be in the ... members of Congress and their staffs would come to us with creative ways to raise spending or cut taxes.

Here’s what we’re watching while we wait for official word from the Treasury Department that it is beginning to employ ...

One of my predecessors as chairman of the White House Council of Economic Advisers, the late Harvard economics professor ...

As tensions about raising the nation's $31.4 trillion debt ceiling build, the headline that should be flashing in front of ...

The US debt limit touched an all-time high of $31.41 trillion on Thursday. The debt ceiling is the legal limit on how much ...

The U.S. officially hit its $31.4 trillion debt ceiling on Thursday - launching a ticking time bomb toward a potentially ...

The U.S. could hit its self-imposed $31.4 trillion debt limit ... the first time in history that the US would default on any of its obligations due to the debt ceiling law.” ...