The national debt jumped $1 trillion in 82 days and is expected to keep climbing. How that could affect you and your financial health.

The national debt is the total that a country owes to its creditors. This includes debt held by the public and ...

Biden had insisted on approving the debt ceiling with no strings attached, saying the U.S. always pays its bills and defaulting on debt is non-negotiable. But he launched negotiations after House ...

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, ...

The U.S. defaulting on its financial obligations would have catastrophic and worldwide consequences. Some financial experts have even predicted that it could trigger a worldwide downturn equal to the ...

As it stands the debt limit is 31.4 trillion dollars, which is more money than, say, the GDP of Ethiopia.

Treasury Secretary Scott Bessent called on Congress to increase or suspend the debt ceiling in a letter to members of Congress, predicting it would be reached in August. Bessent said that based on ...

Rep. Dan Newhouse (R-Wash.) doesn’t think scrapping the debt limit, as President Donald Trump suggested, is the wisest decision. He does, however, sympathize with the reason Trump and some others are ...