The OBBB cut taxes for many Americans but also added to the national debt, which could be a problem for Americans in the long run.

Add Yahoo as a preferred source to see more of our stories on Google. Although President-elect Donald Trump wanted to start 2025 without having to worry about the debt ceiling, he did not get his wish ...

Fact checked by Stella Osoba Key Takeaways The U.S. national debt hit a record $38 trillion in October 2025.Interest payments ...

Senate Republicans are reportedly preparing a postelection spending, defense and debt-limit strategy designed to move before ...

Add Yahoo as a preferred source to see more of our stories on Google. PHOTO: The U.S Capitol is seen on Capitol Hill in Washington, Dec. 19, 2024. (Anna Rose Layden/Reuters) President-elect Donald ...

​A grim new milestone for U.S. debt and surging interest rates haven’t sparked much urgency for a new round of deficit ...

The U.S. government rang in the new year by reinstating the debt ceiling on Jan. 1, preparing the nation for another showdown in 2025 between Democrats, fiscal conservatives, and President-elect ...

Let's say you have a credit card with a $5,000 spending limit. For some reason, the card company approves $6,000 in charges. You call them and ask, "Did you raise my spending limit?" They say, "No, ...

You may have missed it amid your New Year’s Eve revelry, but the United States Congress is now, as of the stroke of midnight on Jan. 1, officially in violation of the federal debt limit. That’s ...

A new debt ceiling was established this week, setting up a debate for the months ahead about averting a government default. The parameters of that coming standoff are already making Donald Trump ...

Among the measures being debated by Congress to avert a government shutdown is increasing the debt ceiling — or eliminating it entirely. It's arguably the most unusual demand from President-elect ...

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 and be ...