WASHINGTON — Democrats could have lifted the debt ceiling while they still controlled both the House and Senate, House Speaker Kevin McCarthy (R-Calif.) said Wednesday, but they declined to do it for ...

What Congress tackles or fails to accomplish often boils down to "the math." But a potential crisis over the debt ceiling later this year could really be about the math, even more than other things ...

President-elect Donald Trump has called on Congress to extend the U.S. debt ceiling, emphasizing that avoiding a federal default is his top priority. The debt ceiling, which expired at the end of 2023 ...

Melissa Quinn is a senior reporter for CBSNews.com, where she covers U.S. politics, with a focus on the Supreme Court and federal courts. Washington — House Speaker Kevin McCarthy and Republican ...

Days from a deadline, President Joe Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal aiming to curb federal deficits in exchange for lifting the nation's debt ceiling ...