The federal debt limit is not the same as funding the government. If the U.S. defaults on its debt, the ramifications are different than when Congress fails to fund the government. The recently ...

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The debate this summer over raising the debt limit promises to be intense, and perhaps divisive, but it also provides an opportunity for meaningful fiscal reform. The unprecedented public attention ...

Let's say you have a credit card with a $5,000 spending limit. For some reason, the card company approves $6,000 in charges. You call them and ask, "Did you raise my spending limit?" They say, "No, ...

Republicans have long used the need to raise the debt ceiling as leverage in negotiations over federal spending, but now that there is total GOP control in Washington with the Trump administration ...

The debt ceiling does nothing to enforce fiscal discipline—and threatens real economic harm. Congress should drop this outdated and dangerous charade. President Trump is right. We should junk the debt ...

As Janet Yellen reminded Congress last week, extending the debt limit will soon be front and center amid a slew of other highly charged political debates. As the war of words between Senators Schumer ...

A proposed $5 trillion debt limit increase could make it hard for Republicans to maintain their fiscal hawk credibility. By Alan Rappeport Reporting from Washington For years, Republicans have warned ...

If debt was a person, I would slap it. Like seriously, I call debt the devil,' personal finance columnist Michelle Singletary ...