WASHINGTON — The International Monetary Fund chief warned the U.S. on Thursday that failure to raise the debt ceiling could do deep damage to both the American and global economies. Christine Lagarde, speaking at a news conference, told the U.S. ...

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WASHINGTON — After weeks of gridlock, House Republicans floated broad hints Tuesday they might be willing to pass short-term legislation re-opening the government and averting a default in exchange for immediate talks with the Obama administration on reducing deficits and ...

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WASHINGTON — Struggling for the upper hand in the next round of debt talks, Republicans and Democrats this weekend drew lines in the sand they said they’d never cross when it comes to the U.S. debt limit. The tough talk ...

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WASHINGTON — The House began debate Monday on the hard-bargained plan to avert a national financial default, even as the White House and congressional leaders struggled to round up enough votes to approve it. Here is an explanation, in questions and answers ...

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WASHINGTON — The International Monetary Fund urged U.S. lawmakers Wednesday to raise the nation's borrowing limit. It warned that inaction could lead to a spike in interest rates that would harm the U.S. economy and world financial markets.

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WASHINGTON — It might be time for another midnight ride by Paul Revere, this time warning "the creditors are coming." Americans seem not to have awakened to the fast-looming debt crisis that could summon a new recession, imperil their stock market investments and shatter faith in the world's most powerful economy.

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WASHINGTON — Republicans invited to a White House meeting with President Barack Obama Wednesday are trying to build up pressure for trillions in spending cuts in exchange for any increase in the government's ability to borrow.

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WASHINGTON — The GOP-led House is poised to reject a bill Tuesday to increase the nation’s debt limit without the big spending cuts that Republicans are demanding. The move is intended as an embarrassing reminder to Democrats that increasing the government’s ability to borrow is tied to such reductions.

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