As the U.S. nears the debt ceiling, the Treasury Department has begun deploying so-called extraordinary measures. WSJ’s Jon Hilsenrath explains what those measures are and how they help the country ...

House Democrats need at least five Republican defections for their debt ceiling backup plan to prevail. So far, Republicans don’t appear to be interested. The plan, which was teased in a letter to ...

This week marks the biggest test yet for the speakership of House Speaker Kevin McCarthy, R-Calif. McCarthy needs to show that he can keep his members together to approve the Republican version of a ...

The Greater Good: That’s the lesson now that the debt-limit deal has been approved by the U.S. House and Senate, economists say. Yes, some senators are angry about defense spending, work requirements ...

If the debt ceiling deal hammered out between President Joe Biden and House Speaker Kevin McCarthy, R-California, passes Congress and is signed into law by the president, the pause on federally funded ...

President Biden and Speaker Kevin McCarthy (R-Calif.) reached an agreement in principle late Saturday to cap spending and raise the debt ceiling in an effort to avoid a potentially disastrous ...

The debt ceiling package proposal by House Speaker Kevin McCarthy (R-CA) could drop the nation’s deficit by $4.8 trillion over the next 10 years, according to an estimate by the Congressional Budget ...