Learn how financial ceilings function as a cap on elements like interest rates and credit limits, designed to manage transaction risk and costs efficiently.

The Committee for a Responsible Federal Budget sees a critical threshold crossing by 2031—and the consequences could be nearly impossible to reverse.

WASHINGTON — Pushing to strike a debt ceiling deal, the Republican negotiating team headed Wednesday to the White House for more discussions with the sides still far apart. Time is short: There are ...

We are a month into a costly government shutdown, which is on track to become one of the longest in history. The debt ceiling has been used previously as a political weapon by both parties to gain ...

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 ...

$33 trillion represents more than 120% of the entire U.S. Gross Domestic Product (GDP), a level not seen since the massive borrowing needed to finance World War II. Yet, unlike that brief emergency, ...

WASHINGTON - Congressional leaders reached an elaborate deal Tuesday that will allow Democrats to lift the nation’s debt limit without any votes from Republicans, likely averting another last-minute ...

The national debt now stands at more than $38 trillion. The tariff revenue we rake in is just a drop in the bucket compared to that amount. The Trump administration has proposed using tariff revenue ...

As it stands the debt limit is 31.4 trillion dollars, which is more money than, say, the GDP of Ethiopia.

Treasury Secretary Scott Bessent has overseen $1.8 trillion in new debt issuance since the One Big Beautiful Bill Act lifted the debt ceiling. Bessent prioritized short-term Treasury Bills, with 60% ...

With a seemingly endless string of immediate crises (a government shutdown, immigration enforcement, tariff policies, etc.), it is easy to forget about long-term issues. A recent report by the U.S.