Republican senators blocked a bill Monday night to keep the government operating and suspend the debt limit to avoid a default, but Democrats aiming to avert a shutdown are likely to try again.
President Joe Biden enters the most seismic week of his legislative agenda explicitly set to miss one deadline and implicitly knowing he'll so…
If Congress fails to act, it creates the possibility of a default that could send the economy plunging into a recession. Republicans, despite their refusal to help, agree with Democrats that a default must be avoided.
Lawmakers are playing politics with the nation's pocketbook and the clock is ticking.
Another big fight is brewing over the U.S. debt ceiling. But what is it, really, and what happens when the U.S. hits the ceiling?