The United States government hit the legal limit for the amount of money it can borrow Monday, but Treasury officials say they can take other measures to pay the bills. Ray Suarez discusses questions ...

Work requirements for federal aid programs emerged as a key sticking point in negotiations between President Joe Biden and Republican House Speaker Kevin McCarthy over raising the federal debt ceiling ...

Speaker Kevin McCarthy (R-Calif.) on Tuesday said work requirements for public assistance programs are a nonnegotiable in debt ceiling talks, laying out one of his first hard stances ahead of an ...

What is the debt ceiling and what happens if it’s reached? The US has spent more money than it actually has for most of its history. Here’s how the debt ceiling works.

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