What Congress tackles or fails to accomplish often boils down to "the math." But a potential crisis over the debt ceiling later this year could really be about the math, even more than other things ...

The GOP concession to give up its blockade for now was not popular with some members of McConnell’s Republican caucus. Sen. Ted Cruz of Texas said the Democrats had been on “a path to surrender” on ...

House lawmakers approved a $480 billion hike to the debt ceiling on Tuesday, averting a potentially catastrophic U.S. default for at least another two months and teeing up another showdown over a long ...

Senate Minority Leader Mitch McConnell (R-KY) wanted to prove on Thursday that Democrats don’t have the votes to weaken Congress’ authority on the debt limit. Instead they called his bluff, and he ...

Senators voted to approve a short-term increase to the federal debt ceiling on Thursday night, ending a weekslong standoff on Capitol Hill and likely averting a default that could have triggered a ...

Melissa Quinn is a senior reporter for CBSNews.com, where she covers U.S. politics, with a focus on the Supreme Court and federal courts. Washington — House Speaker Kevin McCarthy and Republican ...