WASHINGTON — A deal has been reached between Senator Chuck Schumer (D-N.Y.) and Senator Mitch McConnell (R-K.Y.) to temporarily raise the debt ceiling and avoid a default by the Treasury Department.

WASHINGTON - Senate leaders announced an agreement Thursday to extend the government’s borrowing authority into December, temporarily averting an unprecedented federal default that experts say would ...

Policy analysts, Democrats, and Republicans dissatisfied with the deal agree: Federal health programs have dodged a budgetary bullet in the Washington showdown over raising the nation’s debt ceiling.

Senate Majority Leader Chuck Schumer said Thursday that lawmakers had reached a deal to extend the federal debt ceiling through December and that a vote on the measure could take place within hours.

A deal for where the U.S. debt limit will move, for now, could be ready for President Joe Biden's desk soon. Senators wrapped up voting late on Thursday night preparing the legislation to be ready for ...