In a sweeping new fiscal package, lawmakers have unveiled a major overhaul of tax policy, federal spending, and entitlement ...

President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S ...

Dubbed by Trump as "one big, beautiful bill," stipulates a substantial cut in taxes and government spending in some areas.

Bond traders are likely to remain calm even if there is a problem getting the Trump tax and spending bill to the president’s ...

President Donald Trump's ambitious legislative package, the 'One Big Beautiful Bill Act,' proposes a controversial $5 ...

The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills ...

The debt ceiling was suspended in June 2023 and reinstated in January 2025. Where raising the debt limit sets a specific cap, a suspension declines to set a dollar amount.

While raising the debt ceiling used to be routine, legislation addressing it has in recent years been used as leverage to force policy concessions and fuel debates over government spending.

President-elect Donald Trump confounded members of Congress and flipped the government spending debate on its head when he demanded a premature increase to the debt ceiling on “Biden’s watch ...

The debt ceiling was last raised in December 2021 and was suspended last year. Raising the debt ceiling does not pledge additional spending. $3,500 iPhone possible?

The clock is ticking faster on the nation’s debt ceiling drama. Exactly when the federal government will no longer be able to pay its bills in full and on time is not known, but it could come as ...