WASHINGTON - Senate leaders announced an agreement Thursday to extend the government’s borrowing authority into December, temporarily averting an unprecedented federal default that experts say would ...

Senate Majority Leader Chuck Schumer said Thursday that lawmakers had reached a deal to extend the federal debt ceiling through December and that a vote on the measure could take place within hours.

I asked Schumer, a lawyer, whether, in his view, the administration had the power to continue issuing new debt even if Congress fails to raise the debt limit. He acknowledged that the question’s been ...

Senate Majority Leader Chuck Schumer (D-N.Y.) told colleagues Thursday he will keep the Senate in session for as long as it takes to pass legislation to raise the debt ceiling and send it to President ...