Discover how the U.S. national debt affects your finances and what to know about government borrowing and debt limits.

In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...

WASHINGTON -- Seeking to strike a reassuring tone despite days of negotiations, President Joe Biden said Thursday afternoon that he's had several "productive conversations" with House Speaker Kevin ...

WASHINGTON — The Treasury's primary dealers say they would prefer to end the federal debt ceiling, as it likely increases debt service costs and market volatility and may hurt the dollar's reserve ...

The national debt is the total sum of money the U.S. government owes its creditors. The U.S. national debt primarily consists of public and intragovernmental debt. The debt-to-GDP ratio is a crucial ...