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 and Senate leaders today released a compromise National Defense Authorization Act for fiscal 2022 that may become law as soon as this week. They also announced plans for raising the debt ceiling ...

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 department has a plan to build on modular modernization advances piloted in New Jersey, but provisions in the debt ceiling compromise legislation could claw back funding pledged in the American ...

Speaker of the House Kevin McCarthy, R-Calif., speaks to reporters in the Capitol about his debt ceiling plan (Bill Clark/CQ-Roll Call, Inc via Getty Images) The debt ceiling theatrics are in full ...

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 ...

WASHINGTON —The House on Wednesday passed a Republican debt ceiling plan that includes $4.5 trillion in cuts and raises the debt ceiling until May 2024, but Democrats say it won't ward off a potential ...

Senate Republicans have thrown multiple wrenches into congressional efforts to keep the government funded and avoid a debt default, raising questions about how lawmakers will avert a fiscal ...

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 ...

Treasury Secretary Janet Yellen on Thursday slammed the Republican plan for what the United States should do if it hits the debt limit. The GOP has refused to lift the debt ceiling until major budget ...

A bipartisan group of lawmakers drafted a debt ceiling proposal that would help the country avoid defaulting on its loans and would act as a backup plan if House Republicans and President Joe Biden ...