Long an anachronism of American politics, the debt ceiling is back front and center on Capitol Hill as lawmakers grapple with trying to pass a budget. President-elect Donald Trump threw a monkey ...

The debt ceiling was introduced in 1917 to encourage ... Defaulting on government debt could drag the country into an economic recession. Spending on critical programs would freeze.

The debt ceiling is the unexpected debate in Washington this week after President-elect Donald Trump threw the annual holiday-season government-funding talks into disarray. Trump said he wanted to ...

This shortcoming also affects Latin American corporates and banks that issue debt in global financial markets on account of a practice known as the “sovereign ceiling.”Although the sovereign ...