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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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Economy
5/24/2023 7:07:55 PM
President Joe Biden offered to freeze government spending at current levels during crunch debt talks with Republicans, which would reduce the deficit by $1 trillion, US Treasury Secretary Janet Yellen said Wednesday.
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Business
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Economy
5/24/2023 6:41:10 PM
Egypt is seeking concessional loans from regional and international development partners to ensure sustainable spending on healthcare, education and food security programs, Minister of Finance Mohamed Maait said on Wednesday.
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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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Business
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Economy
5/21/2023 2:14:58 PM
President Joe Biden said Sunday that Republicans in the US House must move off their "extreme positions" on the now-stalled talks over raising America's debt limit and that there would be no agreement to avert a catastrophic default only on their terms.
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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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Business
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Markets & Companies
5/17/2023 2:35:39 PM
The haven dollar climbed and global stock markets wavered Wednesday as investors fretted over the slow progress of talks seeking to raise the US debt ceiling.
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Business
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Economy
5/16/2023 2:42:06 PM
The US government is facing increased borrowing costs due to the political crisis surrounding the nation's borrowing limit, Treasury Secretary Janet Yellen said Tuesday.
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Business
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Economy
5/16/2023 11:06:22 AM
Equities were mixed Tuesday as traders grew increasingly concerned that US lawmakers remain far apart in their bid to raise the country's borrowing limit to avert a default.
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Business
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Economy
5/15/2023 4:56:05 PM
Egypt and Italy signed mutual letters to extend the third phase of a $100 million debt swap programme for development projects until December 2024, read a statement by the Ministry of International Cooperation on Monday.
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Business
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Economy
5/15/2023 11:33:48 AM
Asian and European markets mostly rose Monday as investors kept an eye on the talks to raise the US debt limit to avert a "catastrophic" default.
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Business
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Economy
5/14/2023 9:34:55 PM
President Joe Biden's administration again warned Sunday of "catastrophic" consequences for the US economy including huge job losses if the country defaults, as negotiations to forge a debt deal are expected to resume this coming week.
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