The OBBB cut taxes for many Americans but also added to the national debt, which could be a problem for Americans in the long ...

Add Yahoo as a preferred source to see more of our stories on Google. President-elect Donald Trump speaks at a news conference at Mar-a-Lago on December 16, 2024, in Palm Beach, Florida. (Andrew ...

Democrats have long called for eliminating the debt ceiling. Sen. Elizabeth Warren signaled support for Trump's unexpected proposal.

House Ways and Means Committee Chair Jason Smith warned that the U.S. could hit its statutory debt limit by May, in comments at the American Enterprise Institute in Washington, D.C., on Wednesday. "We ...

Add Yahoo as a preferred source to see more of our stories on Google. Although President-elect Donald Trump wanted to start 2025 without having to worry about the debt ceiling, he did not get his wish ...

You may have missed it amid your New Year’s Eve revelry, but the United States Congress is now, as of the stroke of midnight on Jan. 1, officially in violation of the federal debt limit. That’s ...

Among the measures being debated by Congress to avert a government shutdown is increasing the debt ceiling — or eliminating it entirely. Subscribe to read this story ad-free Get unlimited access to ad ...

The debt ceiling has become a central point of contention in Washington this week, disrupting year-end government funding talks that were resolved early Saturday. What Happened: President-elect Donald ...

You can’t undo what’s been done. Maybe Chuck Schumer should have forced a government shutdown by filibuster. But that chapter is in the past. Looking down the road, the next big conflict on the ...

Melissa Quinn is a senior reporter for CBSNews.com, where she covers U.S. politics, with a focus on the Supreme Court and federal courts. In a statement Wednesday, Trump and Vance lambasted the ...

The debt ceiling does nothing to enforce fiscal discipline—and threatens real economic harm. Congress should drop this outdated and dangerous charade. President Trump is right. We should junk the debt ...