The U.S. government has a new plan to reduce its $39 trillion debt: Americans can now Venmo money to the Treasury.

WASHINGTON -- While the concept of the debt ceiling might seem "in the weeds," it actually poses a very real threat to millions of Americans in a precarious economic period. If lawmakers on Capitol ...

Last week saw a rare triumph of substance over politics in Washington. In testimony before the House Financial Services Committee, Treasury Secretary Janet Yellen spoke in favor of abolishing the debt ...

If the U.S. defaults on its debt, the government would fail to meet its financial obligations to bondholders. This would trigger widespread economic disruption. While the U.S. has never fully ...

We are a month into a costly government shutdown, which is on track to become one of the longest in history. The debt ceiling has been used previously as a political weapon by both parties to gain ...

Despite all the hand-wringing over raising the federal debt limit, and the prickly debate between Democrats and Republicans, there’s some confusion about what it actually means. A recent Pew Research ...

Congress and the White House barrel toward a June 1 deadline to resolve a debate over the debt ceiling, putting the credit and trust of the United States on the line. The Congressional Budget Office ...