WASHINGTON — A deal has been reached between Senator Chuck Schumer (D-N.Y.) and Senator Mitch McConnell (R-K.Y.) to temporarily raise the debt ceiling and avoid a default by the Treasury Department.

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, ...

*(CNN) — The US House of Representatives voted overwhelmingly on Wednesday to pass a debt limit deal that will be in effect through January 1, 2025. It was a way for lawmakers to prevent a ...

President Joe Biden says he “feels good” about the debt ceiling and budget deal negotiated with House Speaker Kevin McCarthy as the White House and congressional leaders work to ensure its passage ...

CNN — Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell have reached an agreement to create a one-time process that would let Democrats raise the debt ceiling on their ...

WASHINGTON -- Seeking to strike a reassuring tone despite days of negotiations, President Joe Biden said Thursday afternoon that he's had several "productive conversations" with House Speaker Kevin ...

The kicked-can of a deal sets up a bigger battle this winter. The TAKE with Averi Harper On the Senate floor Thursday morning, Senate Minority Leader Mitch McConnell took credit for resolving a crisis ...

Canada's main stock index edged higher on Wednesday as optimism that a U.S. debt-ceiling deal could be reached offset worries ...

Congressional Republicans appear to be on the verge of agreeing to a relatively short-term increase to the debt ceiling, a week before the deadline set by Treasury. But all of the various factors ...