Janet Yellen tells Congress US could hit debt limit in mid-January

WASHINGTON (AP) — Treasury Secretary Janet Yellen said her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as January 14, in a letter sent to congressional leaders Friday...

The new right gathers to celebrate Trump and the splintering of the Republican Party

PHOENIX (AP) — As Washington heaved over the possibility of a partial government shutdown, leading far-right figures gathered with thousands of Donald Trump’s most ardent supporters and, for the most part, gloried in splintering the president-elect’s party. Speakers and...

What Trump's decision to wade into spending fight tells us about the next 4 years

WASHINGTON (AP) — After days of threats and demands, Donald Trump had little to show for it once lawmakers passed a budget deal in the early hours of Saturday, narrowly averting a pre-Christmas government shutdown. The president-elect successfully pushed House Republicans to...

Shutdown saga exposes new fault lines for Speaker Johnson and tests his grip on the gavel

WASHINGTON (AP) — One of the most turbulent sessions of Congress in the modern era is about to make way for the next one. Midnight passage of the government shutdown package put in sharp focus the political fault lines emerging in Washington, as President-elect Donald Trump returns...

Biden signs bill that averts a government shutdown and brings a close to days of Washington upheaval

WASHINGTON (AP) — President Joe Biden signed a bill into law Saturday that averts a government shutdown, bringing a final close to days of upheaval after Congress approved a temporary funding plan just past the deadline and refused President-elect Donald Trump’s core debt demands in the...

Government shutdown is averted just after deadline as Congress rejects Trump's debt limit demands

WASHINGTON (AP) — Facing a government shutdown deadline, the Senate rushed through final passage early Saturday of a bipartisan plan that would temporarily fund federal operations and disaster aid, dropping President-elect Donald Trump's demands for a debt limit increase into the new year. ...

House Republicans tee up vote on new government funding bill without debt limit increase that Trump demanded

House rejects Trump-backed plan on government shutdown, leaving next steps uncertain

WASHINGTON (AP) — A day before a potential government shutdown, the House resoundingly rejected President-elect Donald Trump's new plan to fund operations and suspend the debt ceiling, as Democrats and dozens of Republicans refused to accommodate his sudden demands. In a hastily...

Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

WEST PALM BEACH, Fla. (AP) — The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty. The Dow Jones stock index essentially ended Thursday flat after having posted 10 days...

What to know about the debt ceiling debate as a government shutdown looms in Washington

A debate over the debt ceiling is at the center of a dispute over funding that is pushing Washington to the brink of a federal government shutdown. President-elect Donald Trump has demanded that a provision raising or suspending the nation's debt limit — something that his own...