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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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Business
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Economy
5/12/2023 4:21:56 PM
Egypt's Minister of Finance Mohamed Maait was in the hot seat on Wednesday and Thursday to respond to attacks he faced from MPs on what what they perceived as an "alarming increase in debt service costs and a widening of the budget deficit."
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World
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War in Ukraine
5/11/2023 3:44:56 PM
Support for war-torn Ukraine topped the agenda at G7 finance talks on Thursday in Japan, where ministers and central bankers also weighed concerns ranging from banking uncertainty to US debt default fears.
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Business
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Economy
5/11/2023 10:20:19 AM
Political brinkmanship over raising the US debt ceiling risks "serious economic costs" even without the "catastrophe" of a default, Treasury Secretary Janet Yellen warned Thursday at G7 finance talks in Japan.
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Business
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Economy
5/8/2023 8:52:45 PM
The White House and Congress could strike a deal to raise the debt ceiling in exchange for budget cuts. Or they could agree to a stopgap measure to keep paying the nation’s bills while negotiations continue. They also could let the negotiations unravel, sending the economy into a chaos.
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Business
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Economy
5/7/2023 8:54:48 PM
US Treasury Secretary Janet Yellen warned Sunday that unless Congress acts soon to raise the nation's debt ceiling, "financial and economic chaos would ensue."
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World
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International
5/7/2023 10:20:41 AM
Washington's power brokers love playing chicken. But the rest of the world will watch in dread Tuesday when President Joe Biden and Republican leaders meet to negotiate the US debt ceiling -- praying that one side finally blinks.
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Business
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Economy
5/3/2023 10:34:30 AM
Egypt’s total governmental gross debt is expected to rise to 92.9 percent of GDP in 2023, up from 88.5 percent in 2022, before cooling to 87 percent in 2024, the highest among the emerging market and middle income countries, the International Monetary Fund (IMF) said on Wednesday.
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Business
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Economy
4/13/2023 5:23:35 PM
During the IMF and World Bank Group’s spring meetings in Washington DC, Ahram Online interviewed the Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour.
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Business
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Economy
4/12/2023 2:37:35 PM
Global government debt is on track to reach levels not seen since the height of the Covid-19 pandemic, the International Monetary Fund (IMF) warned on Wednesday.
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Business
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Economy
4/12/2023 2:13:13 PM
Egypt's general government gross debt is projected to reach 92.9 percent of GDP in 2023, read a Fiscal Monitor report by the International Monetary Fund (IMF). This would be the highest ratio since 2018, when it stood at 87.9 percent.
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