Experts warn that we’re days away from unprecedented “economic catastrophe” if politicians can’t reach an agreement on raising the debt ceiling — here’s the SparkNotes version of what ...

Long an anachronism of American politics, the debt ceiling is back front and center on Capitol Hill as lawmakers grapple with trying to pass a budget. President-elect Donald Trump threw a monkey ...

The federal government was once again teetering on the brink of default this summer, leading to headlines buzzing about the debt ceiling. But you might be wondering what the debt ceiling actually ...

The federal government could be unable to pay its bills as soon as August if Congress doesn't act, the Congressional Budget ...