As of the third quarter of 2024, the average household in America had a debt of $104,215 and collectively owed $17.94 ...

President-elect Donald Trump added a wrinkle to negotiations over a deal to fund the government when he called for an ...

President-elect Donald Trump Trump said lawmakers should oppose any sweeping spending measure that includes "traps" and ...

WASHINGTON ― President-elect Donald Trump on Thursday said Congress should eliminate the debt ceiling, putting his support behind an idea popular among some Democrats after the incoming ...

Other ideas to eliminate the debt ceiling have included minting a $1 trillion platinum coin, which some economists have said would allow the Treasury secretary to deposit the coin to pay off debts.

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

The federal debt limit has no practical value. This suggests that ending it would be a good idea. Yet the laws of unintended ...

The debt limit had not previously been brought ... Doing away with the limit entirely, as Trump called for, would eliminate the need to have to raise it. On Thursday, the top Democrat in the ...

In a joint letter, the Senators urged Hochul to dedicate state funds to paying off the roughly $6 billion in Unemployment Insurance (UI) Fund debt that is still owed to the federal government, a ...