Latest National debt News

Senate OKs $2.5 trillion debt limit increase, sending to House as lawmakers move swiftly to avoid federal default

Dec. 14, 2021 17:09 PM EST
WASHINGTON (AP) — Senate OKs $2.5 trillion debt limit increase, sending to House as lawmakers move swiftly to avoid federal default.

Congressional leaders reach deal to hike debt limit

Dec. 08, 2021 07:44 AM EST

WASHINGTON (AP) — Congressional leaders reached an elaborate deal Tuesday that will allow Democrats to lift the nation’s debt limit without any votes from Republicans, likely averting another last-minute rush to avoid a federal default. Hours later, the House passed legislation overwhelmingly...

Puerto Rico debt-restructuring bill advances amid criticism

Oct. 26, 2021 23:07 PM EDT

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s Senate and House approved a bill Tuesday that would slash the central government's debt by half but has also sparked protests and led to fiery exchanges between lawmakers and a federal control board that oversees the U.S. territory’s finances....