The recently passed One Big Beautiful Bill Act increased the debt limit to $41.2 trillion, or 136 percent of GDP. Some believe that Congress will have to raise the debt limit again before the 2026 ...

LOUISVILLE, Ky. (WAVE) - President Donald Trump’s “Big Beautiful Bill” includes tax reforms and healthcare provisions. The language in the bill and its potential fallout have left lawmakers divided, ...

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, ...

If the United States defaults on its financial obligations, millions of Americans might not be able to pay their bills as well. With Social Security and other government benefits at risk amid a ...

The debt-ceiling bill passes, 269-161. In the midst of it, Congress gave Gabby a standing ovation and a lot of hugs during her return to the House floor. Giffords voted yes on the bill. Her statement: ...

Congresswoman Gabrielle Giffords is in Washington and will vote on the debt-ceiling deal. Spokesman C.J. Karamargin tells us via email: The vote taking place today is the single most important vote ...

Florida Sen. Marco Rubio will vote against raising the debt ceiling because to do otherwise would be "nothing more than putting off the tough decisions until after the next election," he writes in The ...

Wall Street is on alert as the second half of 2025 gets ready to unload as much as $1 trillion in new Treasury supply, with the bond market bracing for the impact. This wave is expected to slam into ...

WASHINGTON — Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan ...