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World
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International
5/31/2023 10:48:37 PM
US politicians raced to secure backing for a cross-party deal to raise the national debt limit and avert a first-ever default as they faced a growing backlash from conservatives ahead of a crucial Wednesday evening vote.
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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
5/28/2023 1:02:03 PM
France is in "very close talks" with debt rating agency Standard and Poor's, Prime Minister Elisabeth Borne said Sunday, after a downgrade from rival Fitch reignited government finance concerns in the EU's second-largest economy.
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Business
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Economy
5/28/2023 10:04:21 AM
President Joe Biden and House Speaker Kevin McCarthy have reached an agreement in principle on legislation to increase the nation’s borrowing authority and avoid a default.
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World
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International
5/28/2023 9:45:25 AM
President Joe Biden and Republican leader Kevin McCarthy announced a deal late Saturday to raise the debt ceiling, dragging the United States back from the precipice of default with only a few days to spare.
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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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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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