Biden had insisted on approving the debt ceiling with no strings attached, saying the U.S. always pays its bills and defaulting on debt is non-negotiable. But he launched negotiations after House ...

WASHINGTON - House Speaker Kevin McCarthy said Saturday that Republican negotiators were "closer to an agreement" that would resolve the looming debt crisis, but had not reached a deal with President ...

For someone who hates debt, Rep. Tim Burchett made a remarkable acknowledgment after voting this month for a massive bill that included a $5 trillion hike to the nation’s credit card limit. “I feel ...

Senate Republicans are backing a budget package that would raise the debt ceiling by $5 trillion, the largest increase in U.S. history, raising questions about its economic impact. The proposal is ...

WASHINGTON — House Speaker Kevin McCarthy said Thursday that "every hour matters" as his team scrambles to finalize a budget deal with the White House that would enable the government to avoid a ...

Rep. Tim Burchett (R-Tennessee), a hard-right conservative, acknowledges the hypocrisy of Republicans who had argued that the government shouldn't be raising the national debt. (Kevin Dietsch/Getty ...