Washington — The House has passed legislation to suspend the debt ceiling and limit spending, as time runs short to avoid a catastrophic default. The bill will still need to pass the Senate.

A deal allowing the US to borrow more money has moved closer to becoming law, days before the world's biggest economy is due to start defaulting on its debt. The measure easily passed the House of ...

The debt ceiling deal brokered by President Joe Biden and House Speaker Kevin McCarthy cleared a major procedural hurdle on Tuesday night, just days before a potential default by the U.S. government.

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The House on Wednesday voted to approve a bill that suspends the debt ceiling through Jan. 1, 2025, and reins in government spending. Its passage marks a step toward averting a potential default ...

The House advanced the rule for the debt ceiling bill, setting up a vote on final passage later Wednesday evening. The rule vote is a procedural motion that sets up how the bill will be heard on ...

The House voted on Wednesday to raise the debt ceiling, marking the first step toward avoiding economic catastrophe just five days before the Treasury's deadline for default. Lawmakers easily ...

Republican gives positive remarks to reporters as 11 Democratic senators sign letter to Biden urging him to use 14th amendment to avoid default The Republican House speake,r Kevin McCarthy, told ...

A deal allowing the US to borrow more money has moved closer to becoming law, days before the world's biggest economy is due to start defaulting on its debt. The measure easily passed the House of ...