
Representatives approved the debt ceiling deal...
The House of Representatives has approved a deal to raise the debt ceiling as lawmakers scramble to prevent the nation from defaulting.

The House of Representatives has approved a deal to raise the debt ceiling as lawmakers scramble to prevent the nation from defaulting.

More than 40 Republican senators vowed in a letter to oppose 'any bill that raises the debt ceiling without substantive spending and budget reforms.'

The Biden Administration's plan is to raise a tax on Americans making big as part of a series of efforts to extend the solvency of Medicare by a quarter century.

The federal government could default on its debt starting in July if Congress cannot raise the debt limit, according to the Congressional Budget Office (CBO).