On Wednesday, the House voted by a 314–117 margin in favor of H.R. 3746, which, if signed into law, would raise the debt limit for two years and cut spending on some discretionary programs. That bill ...

The One Big Beautiful Bill recently got signed into law, reducing taxes for many Americans. But what will the hefty cuts mean for the U.S. national debt? Here’s how economic experts say the costs of ...

Former President Trump has yet to weigh in on the budget agreement to raise the debt ceiling struck between President Biden and Speaker Kevin McCarthy (R-Calif.), even as his competitors in the 2024 ...

House Republicans on Wednesday passed the rule governing debate on bipartisan legislation to lift the debt ceiling, a procedural hurdle that paves the way for final passage of the bill later in the ...

House Republicans’ go-it-alone debt limit bill pairs a debt ceiling increase expected to last into next year with what Speaker Kevin McCarthy (R-Calif.) said would be about $4.5 trillion in savings ...

The federal government's gross national debt topped $37 trillion for the first time in history last week, and the U.S. has room to add trillions of dollars more to the debt following the enactment of ...

North Carolina’s senators remained divided Thursday on extending the country’s debt ceiling as the U.S. Senate passed a bill to extend it through Jan. 1, 2025. Sen. Thom Tillis, a Republican from ...

The Congressional Budget Office estimates that the OBBB Act will increase the national debt by $4.1 trillion over the next 10 years. The bill increased the statutory debt limit by $5 trillion. The U.S ...