The federal government was once again teetering on the brink of default this summer, leading to headlines buzzing about the debt ceiling. But you might be wondering what the debt ceiling actually is ...

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. In a statement Wednesday, Trump and Vance lambasted the ...

The Biden Administration remains locked in a standoff with congressional Republicans over raising the federal debt ceiling, just two weeks before the nation is set to default on its obligations for ...

The United States has a cap on the amount of money it can borrow. That means it can run out of cash if the limit isn’t lifted. By Alan Rappeport Washington is heading for another big fight over ...