The pound took a hit Thursday. Sterling dropped to 160.2412 by 10:00 AM GMT, falling from Wednesday's close as traders rushed ...

On Oct. 15, the sitting U.S. Treasury Secretary Jack Lew sent his warning letter to Congress to increase the U.S. debt ceiling “or else.” Should bond investors be scared? Here’s an excerpt from Lew’s ...

The ceiling on the amount of debt the federal government can issue to fulfill financial obligations is fast approaching, but the Republican-controlled House has signaled that it’s prepared for another ...

WASHINGTON — A deal has been reached between Senator Chuck Schumer (D-N.Y.) and Senator Mitch McConnell (R-K.Y.) to temporarily raise the debt ceiling and avoid a default by the Treasury Department.

House negotiators worked into the early hours of Saturday morning, but still have not reached a deal on the debt ceiling. However, they say the possibility of reaching an agreement is within closer ...

WASHINGTON (AP) — The likely deadline for Congress to prevent the government’s first default will be later than earlier thought, a Washington think tank has found. Trump teases investigation into ...

President Donald Trump's hallmark legislation includes a staggering $5 trillion hike to the debt ceiling — a move that gives Republicans added leverage in bipartisan negotiations. With control of both ...