As of this article’s last update, the national debt stood at around $32.84 trillion. The debt ceiling (also called the debt limit) is the maximum amount of borrowed money the United States ...

That provision prohibits questioning of the U.S. national debt, which compliance with any putative ‘debt ceiling’ imposed after debts are already incurred would amount to. How about those ...

Opinions expressed by Forbes Contributors are their own. I cover law, justice, money, finance and economics. The 14 th Amendment is, to be sure, one of the grounds upon which the ‘debt ceiling ...

In January 2023, U.S. Treasury Secretary Janet Yellen announced that the government hit its debt ceiling, the maximum amount ...

Also known as the debt limit, this is a law that limits the total amount of money the government can borrow to pay its bills. This includes paying for federal employees, the military, Social ...

Rep. David Schweikert (R-Ariz.) boasts he's “working for fiscal responsibility” in one of his many taxpayer-funded mailers, ...

The federal debt limit (aka the debt ceiling) will be reinstated on 2 January 2025, at a level covering all borrowing since it was suspended on 2 June 2023. If Congress does not act before then, the ...

The most recent occurrence was in June 2023, when Congress voted to suspend the ceiling until January 2025. "The economy is not going to implode tomorrow because of the national debt," says David ...

House Republicans failed to pass a funding bill tied to a controversial voting measure backed by Donald Trump, complicating ...

Brazil could override fiscal deficit limits and issue emergency credit to battle destructive wildfires, according to a senior ...

The legislation that increased the federal debt limit also expedited approvals for the contentious Mountain Valley natural gas pipeline.