The ceiling was suspended by Congress in 2023, and the limit was reinstated at $36.1 trillion on Jan. 2, 2025.

The response so far from financial markets has been skeptical as Trump seems unable to trim deficits as promised.

“The United States of America is never going to default. That is never going to happen. We are on the warning track and we will never hit the wall,” the treasury secretary told host Margaret Brennan.

Passing the massive tax package was a grueling process in the House — but its future in the Senate doesn’t look any easier.

WASHINGTON—President Trump plans to push lawmakers on his tax-and-spending megabill this week in an effort to overcome ...

Senate Republicans will take control of the party’s mammoth tax and domestic policy bill when they return to Washington on ...

Johnson told Welker on Sunday that if Trump's "big, beautiful bill" doesn't get through, every American of every economic ...

The wise minds at Moody’s Investors Service finally acknowledged last month what the other two main credit rating agencies did years ago: America has a debt problem. Now it’s time for America to ...

Senator Rand Paul (R-Ky.) spoke with Margaret Brennan on Face the Nation Sunday about the "One Big, Beautiful Bill" passing in the House last month as well as cuts to NPR and PBS.