WASHINGTON - Senate leaders announced an agreement Thursday to extend the government’s borrowing authority into December, temporarily averting an unprecedented federal default that experts say would ...

WASHINGTON — A deal has been reached between Senator Chuck Schumer (D-N.Y.) and Senator Mitch McConnell (R-K.Y.) to temporarily raise the debt ceiling and avoid a default by the Treasury Department.

A number of declared and prospective Republican presidential candidates are voicing opposition to a debt ceiling deal that House Speaker Kevin McCarthy (R-Calif.) struck with President Biden this ...

The debt caps how much money the Treasury can owe to pay the country’s bills.