Mitch McConnell

Washington and Wall Street were optimistic Monday that Congress can pass a bill to fund the government and avert a partial shutdown before a Friday deadline.

With the debt ceiling deadline set for early December, some prominent politicians are drafting ideas to reform or end the borrowing limit.

The House of Representatives on Tuesday approved a bill to raise the U.S. debt limit, the final hurdle to averting a first-ever default.

U.S. stock futures were steady Tuesday as elevated bond yields and U.S. oil prices dipped.

U.S. stock futures fell Monday. Energy names surged as U.S. oil prices hit seven-year highs.

During the recent standoff over the nation’s debt limit, Senate Republican leader Mitch McConnell showed just how far he’ll go to stop President Joe Biden’s agenda

Senate Minority Leader Mitch McConnell says he will not again help Democrats extend the government’s borrowing authority

The Senate on Thursday approved a bill to help the U.S. avoid a default on its debt in the next few weeks.

Senate Majority Leader Chuck Schumer announced that lawmakers have reached a deal on a short-term debt ceiling increase.

Dow futures rallied Thursday as Democratic senators signaled they were receptive to a debt ceiling offer from Senate GOP leader Mitch McConnell.

The Senate dodged a U.S. debt disaster Thursday night, voting to extend the government’s borrowing authority into December and temporarily avert an unprecedented federal default that experts warned would devastate the economy and harm millions of Americans.

Stocks jumped on Thursday as Congress reached a short-term deal on the debt ceiling, avoiding a government shutdown.

White House Press Secretary Jen Psaki spoke with the media on Wednesday.

In addition to barrel taxes, Kentucky distillers are set to pay $300 million in state and local taxes and $1.8 billion in federal excise taxes on alcohol.

Republican and Democratic senators have edged back from a perilous standoff over lifting the nation’s borrowing cap

President Joe Biden and Democratic leaders in Congress amped up pressure on Republicans to act on the debt limit.

Defense Secretary Lloyd Austin on Wednesday warned he won’t be able to ensure troops receive their pay on time if the U.S. defaults.

U.S. stock futures pointed to a higher open Tuesday as tech stocks bounced, one day after the Nasdaq sank more than 2.1%.

President Joe Biden is urging Republican senators to “get out of the way” and let Democrats suspend the nation’s debt limit

President Joe Biden addressed the media on Monday as negotiations around raising the debt ceiling continue in the Senate.