
Why the U.S. has a debt ceiling, while most other countries don't
The U.S. debt ceiling was raised by $2.5T, but it's been raised dozens of times since its 1917 creation.
LEARN MOREThe U.S. has never hit the cap on how much money it can borrow before, and experts say it would have "catastrophic" economic consequences if it does.
Democrats are pushing to raise the debt ceiling β now at $31T βto allow more borrowing, while Republicans are countering with proposed spending cuts.
By J. Scott Applewhite / APThe $1.7 trillion spending bill finances federal agencies through September and provides more aid to Ukraine. It now heads to President Biden.
By J. Scott Applewhite / APSome lawmakers are trying to sneak a version of the expanded child tax credit back into law by including it in the federal budget.
By Mariam Zuhaib / APA 2022 poll shows the favorite news source for Gen Z is social media.
By Martin Meissner / APA Jackson restaurant owner shares what the millions headed to the city could do to help businesses like his deal with aging infrastructure.
By APLack of information, guidance and a language barrier are just a few issues migrants face while waiting sometimes overnight in lines.
By Scripps News