debt ceiling

America could run out of cash to pay its bills as early as this summer
WASHINGTON (AP) — The United States is on track to hit its statutory debt ceiling — the so-called X-date when ...

IRS could collect $500 billion less in tax revenue as debt-ceiling cash crunch looms
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Treasury Department to take ‘extraordinary measures’ after hitting $36 trillion debt limit as soon as mid-January
On Jan. 2, the debt will dip temporarily due to a scheduled redemption of nonmarketable securities held by a federal ...

Despite missing deadline, Congress avoids government shutdown by passing spending bill without Trump’s debt ceiling raise
Republicans, keen to dodge a shutdown, decided to only introduce a one-vote spending package. Read More

House speaker vows to avoid government shutdown as Congress eyes new spending bill without Trump’s debt ceiling raise
Republicans, keen to dodge a shutdown, decided to only introduce a one-vote spending package. Read More

Trump admits he would prefer to eliminate the debt ceiling under Biden so he can avoid taking the heat for more government borrowing
The president-elect is hoping to avoid “extraordinary measures” that would push a deadline to default on the U.S.’s debt during ...

What to know about the debt ceiling debate that is pushing Washington to the brink of a government shutdown
President-elect Trump has demanded that a provision raising or suspending the debt limit—something that his own party routinely resists—be included ...