Germany’s likely next chancellor on Thursday urged outgoing members of parliament to exempt some defense spending from the ...

President Donald Trump and key Senate Republicans are still grasping for a solution to the US government closing in on ...

The two political parties expected to form the next German government have agreed to loosen the country’s constitution ...

Senate Majority Leader John Thune has deputized a folksy Louisiana lawmaker known for his blunt political observations and creative analogies to take the lead in convincing President Donald Trump ...

(Bloomberg) -- The current debt-ceiling impasse could threaten the Federal Reserve’s ongoing balance-sheet runoff causing gyrations in the central bank’s liabilities that create volatility in ...

The debt ceiling is the legal limit on the total amount of federal debt that the US government can have outstanding. The X-date is when the US government will exhaust its extraordinary measures ...

Exceeding it could do irrevocable damage to the U.S. credit rating, interest rates and the dollar.

Reducing debt is Americans’ top financial priority for 2025. That's according to the CFP Board of Standard’s Debt and New ...

The debt brake limited new borrowing to 0.35% of gross domestic product - a tight limit when compared to European Union budget rules requiring less than 3%, and the 2024 U.S. federal deficit of 6.4%.

A key House Republican projected Wednesday that the US could hit the debt ceiling as soon as mid-May, several months sooner ...

Election winner Friedrich Merz on Tuesday ruled out a quick reform to Germany's state borrowing limits known as the "debt brake" and said it was too soon to say whether the outgoing parliament could ...

Friedrich Merz, Germany's soon-to-be chancellor, has announced a strategy to exempt defence spending from limits on ...