The department has a plan to build on modular modernization advances piloted in New Jersey, but provisions in the debt ceiling compromise legislation could claw back funding pledged in the American ...

House Republican leaders are moving behind the scenes to get their conference behind a plan that would raise the debt ceiling for one year with a slew of cuts and revenue raisers, a move intended to ...

A bipartisan group of lawmakers drafted a debt ceiling proposal that would help the country avoid defaulting on its loans and would act as a backup plan if House Republicans and President Joe Biden ...

Senate Republicans are raising grave doubts about House Republicans’ plan to raise the debt ceiling as part of a massive tax cuts and border spending bill, a dynamic that could lead to a protracted ...

Speaker Mike Johnson on Tuesday backed away from a plan to address the approaching federal debt cliff in a party-line reconciliation package, acknowledging several major challenges that may force ...

President Biden and Speaker Kevin McCarthy (R-Calif.) reached an agreement in principle late Saturday to cap spending and raise the debt ceiling in an effort to avoid a potentially disastrous ...