debt ceiling News

Republicans Propose $4 Trillion Debt Ceiling Hike and Tax Cuts, Sidestepping Millionaire Tax

House Republicans propose a $4 trillion debt ceiling increase and tax cuts, favoring high earners while omitting a millionaire tax. The bill includes temporary deductions on tips a...

Trump Urges Congress to Abolish or Extend Debt Ceiling to Secure Spending Deal

President-elect Donald Trump calls on Congress to abolish or extend the debt ceiling until 2029 to secure a government spending agreement, amidst House's failure to pass a new fund...