In one of her last acts as U.S. Treasury Secretary, Janet Yellen said her agency will start taking “extraordinary measures,” ...

Speaker Mike Johnson (R-La.) on Tuesday said he is “not wed” to including a debt limit increase in the reconciliation package ...

President-elect Donald Trump will take charge of a federal government that will reach its self-imposed debt limit of $36 ...

This letter serves to notify you, pursuant to 5 U.S.C. § 8348(l)(2), of the extraordinary measures that Treasury will begin ...

This critical action allows the government to continue borrowing to meet its legally binding financial obligations.

It is not clear how long Congress will have to secure a deal on funding or raising the debt ceiling again once the measures ...

President-elect Donald Trump said on Tuesday that he wants the U.S. Congress to extend the nation's debt ceiling, adding that ...

A version of this article originally appeared in Quartz’s members-only Weekend Brief newsletter. Quartz members get access to exclusive newsletters and more. Sign up here. Alexander Hamilton ...

The debt ceiling is the limit placed by Congress ... What happens if the government defaults on the debt? The United States has never defaulted on its debts. That’s part of why U.S. Treasury ...

The United States borrows money to pay its bills and ... borrowing cap was not necessary and said last week that the “Debt Ceiling guillotine” should be either extended or terminated before ...

And it will immediately face a familiar problem: The debt ceiling — the limit on how much money, in total, the United States can borrow — which the Treasury is close to hitting. When this last ...