Add Yahoo as a preferred source to see more of our stories on Google. The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills to ...

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, ...

The most recent suspension of the debt ceiling, enacted in 2023, expired in early 2025, reinstating the cap at over $36 trillion and forcing the Treasury to use "extraordinary measures" to avoid ...