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Business
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Economy
8/2/2023 4:33:49 PM
Fitch has downgraded its credit rating for the United States, becoming the second of the top-three ratings agencies to strip the country of a top AAA rating. The impact upon the world's top economy is likely to be just symbolic, at least immediately.
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Business
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Economy
6/1/2023 2:48:07 PM
Leading Federal Reserve officials are sending out stronger signals that they will forego an interest rate increase at the central bank's next meeting in June, though they indicate hikes could resume later this year.
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Business
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Economy
6/1/2023 10:12:36 AM
Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans against fierce conservative blowback and progressive dissent.
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Business
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Markets & Companies
5/31/2023 12:28:29 PM
Asian markets sank Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could hammer an already fragile global economy.
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Business
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Markets & Companies
5/30/2023 6:57:50 PM
Chip company Nvidia exceeded $1 trillion in market value Tuesday as Wall Street stocks mostly rose, following an agreement between President Joe Biden and Republican House Speaker Kevin McCarthy to avoid a US debt default.
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Business
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Economy
5/29/2023 9:45:23 AM
The reviews are starting to come in as details emerge about the debt ceiling agreement reached by American President Joe Biden and House Speaker Kevin McCarthy.
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Business
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Economy
5/28/2023 7:22:07 PM
Marathon crisis talks that produced a tentative deal to prevent a cataclysmic US debt default may yet prove the easy part of a process that turned Sunday to the fraught challenge of securing congressional approval.
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Business
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Economy
5/27/2023 8:07:20 PM
Democrats and Republicans seemed within grasping distance Saturday of a deal to end the US debt ceiling standoff, with both sides playing hardball in the final race for an agreement to avert a potentially catastrophic default.
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World
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International
5/27/2023 11:50:33 AM
President Joe Biden said a deal to resolve the government's debt ceiling crisis seemed “very close” late Friday, even as the deadline for a potentially catastrophic default was pushed back to June 5 and seemed likely to drag negotiations between the White House and Republicans into another frustrating week.
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World
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International
5/25/2023 10:52:33 PM
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.
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Business
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Markets & Companies
5/25/2023 11:45:32 AM
Most Asian equities sank Thursday on fears of a US default as the struggle to hammer out a debt deal led Fitch to warn the country's gold-plated credit rating was at risk.
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Business
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Markets & Companies
5/24/2023 11:20:54 AM
Stock markets tracked losses in Wall Street on Wednesday as investors grow increasingly concerned about stalled US debt ceiling talks aimed at averting a painful default.
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Business
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Economy
5/22/2023 1:25:46 PM
President Joe Biden and House Speaker Kevin McCarthy will meet face to face Monday after a weekend of on again, off again negotiations over raising the nation's debt ceiling and mere days before the government could reach a “hard deadline” and run out of cash to pay its bills.
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Business
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Economy
5/22/2023 12:24:06 PM
Most markets rose Monday ahead of US debt talks between President Joe Biden and congressional leaders, with both sides still apart but also confident a deal can be reached to avert a catastrophic default.
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World
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International
5/22/2023 10:30:53 AM
Anxieties were mounting in Washington ahead of President Joe Biden's Monday meeting with Republican House Speaker Kevin McCarthy over negotiations to raise the US debt ceiling, less than two weeks before a key deadline to avoid a disastrous default.
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World
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Region
5/21/2023 10:49:37 PM
President Joe Biden on Sunday dismissed Republican demands in negotiations to resolve the US debt ceiling crisis but said a solution can still be found before a disastrous default.
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World
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International
5/20/2023 9:33:12 PM
Debt limit talks between the White House and House Republicans stopped, started and stopped again heading into a weekend where President Joe Biden and world leaders watched from afar, hoping high-stakes negotiations would make progress on avoiding a potentially catastrophic federal default.
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World
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International
5/20/2023 10:44:39 AM
President Joe Biden was seeking to rally regional cooperation against China on the margins of the Group of Seven summit Saturday, while confronting a stalemate in Washington over how to ensure the U.S. avoids default.
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Business
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Economy
5/19/2023 8:57:06 PM
Debt limit talks came to an abrupt standstill Friday after Republican House Speaker Kevin McCarthy said it's time to “pause” negotiations, and a White House official acknowledged there are “real differences” that are making talks difficult.
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World
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International
5/17/2023 7:48:50 PM
President Joe Biden said Wednesday that he is confident the U.S. will avoid an unprecedented and catastrophic debt default, saying talks with congressional Republicans have been productive as he prepared to leave for a global summit in Japan.
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