debt ceiling

Congress approved a measure to increase the debt limit by $2.5 trillion, shifting the deadline for default until after the 2022 midterm elections.

After a deal was reached with Republicans, Senate Democrats passed a bill to avoid the immediate threat of default by shifting the debt limit deadline to early December.

The president is calling on Senate Republicans to allow a straight up or down vote on raising the debt ceiling. "If you don't want to help save the country, get out of the way," Biden said.

Treasury Secretary Janet Yellen warned lawmakers the government could run out of money by Oct. 18 unless Congress raises the debt ceiling.

Democrats have just over a week to come up with a plan to avoid a government shutdown after tying a spending bill to a suspension of the federal debt limit.

A significant power shift begins in Washington with Democrats taking control of the House of Representatives. The incoming speaker plans votes on bills to reopen the government and new rules.

The new rules include automatically increasing the debt ceiling when a new budget is passed and setting up a committee on climate change.

Deficit? Debt? Shutdown? Debt ceiling? NPR offers a guide to some of the political and economic terms you're likely to hear.

Shutdown and debt ceiling deadlines are fast approaching four days before the Alabama Senate election, and Republicans are trying to pass a tax plan by Christmas.

President Trump said he would think about working with Democrats to scrap the limit on the country's borrowing, which has been around for a century.