Michael A. Peterson says the country is racing toward $40 trillion in debt.

After the Biden administration let borrowers put off their bills during the pandemic-era payment pauses and canceled billions ...

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 ...

Members of President Donald Trump’s own party could complicate his effort to avoid a standoff over extending the nation’s borrowing limit — which means a complication for Trump’s legislative plans ...

Voters in northwest Georgia will get an early look at the race to replace former U.S. Rep. Marjorie Taylor Greene when ...

House Republicans on Wednesday passed a bill to raise the borrowing limit and implement sweeping spending cuts, marking a victory for Speaker Kevin McCarthy (R-Calif.) after days of grueling ...

Senate Republicans are disavowing former President Trump’s call to let the federal government default on its debts unless President Biden agrees to “massive” spending cuts, dismissing Trump’s ...

House Republicans spent years fighting over spending and debt bills, but they've gotten on board thanks, in part, to a ...