Washington quiet as debt ceiling deadline inches closer WASHINGTON: White House and Republican congressional negotiators on raising the federal $31.4 trillion debt ceiling... Published 20 May, 2023 07:04pm
World US debt talks on knife edge WASHINGTON: Talks to avoid a US debt default were on a knife edge Saturday as President Joe Biden warned he would... Published 20 May, 2023 11:19am
Markets Most Asian currencies rise as US debt ceiling fears abate The South Korean won led gains among Asian currencies on Thursday, as global risk sentiment improved on optismism... Published 18 May, 2023 10:36am
World Biden to continue debt talks later this week amid G7, White House says WASHINGTON: US President Joe Biden will continue to hold talks with congressional leaders on the nation’s debt limit... Published 17 May, 2023 04:56pm
World Biden trims Asia-Pacific tour as hopes rise of debt deal WASHINGTON: Joe Biden and opposition Republican leaders on Tuesday offered hope of a deal that could avoid a... Published 17 May, 2023 11:00am
World US economy ‘hangs in the balance’ as debt limit impasse drag on: Yellen WASHINGTON: The standoff over the federal debt limit is already having dire consequences for the US economy, driving... Published 16 May, 2023 03:49pm
Business & Finance US consumer sentiment plummets to six-month low WASHINGTON: US consumer sentiment slumped to a six-month low in May on worries that political haggling over raising... Published 15 May, 2023 07:17am
Business & Finance What happens if the US fails to raise its debt ceiling? WASHINGTON: Time is running short as US policymakers remain at an impasse on lifting the debt ceiling, while the... Updated 15 May, 2023 12:02pm
World UK’s Hunt says ‘absolutely devastating’ if US failed to raise debt ceiling NIIGATA: British finance minister Jeremy Hunt said on Saturday it would be “absolutely devastating” if the United... Published 13 May, 2023 01:03pm
World G7 finance chiefs warn of global uncertainty as US debt crisis looms NIIGATA: Finance leaders of the Group of Seven (G7) rich nations warned of heightening global economic uncertainty... Published 13 May, 2023 10:06am
World Yellen hopeful of a solution to ‘more difficult’ debt ceiling showdown NIIGATA: Treasury Secretary Janet Yellen on Saturday called the showdown over raising the U.S. debt ceiling “more... Published 13 May, 2023 09:47am
World World Bank’s Malpass: risk of US default adds to woes facing slowing global economy NIIGATA: The risk of a US default is adding to problems facing the slowing global economy, with rising interest... Published 12 May, 2023 05:05pm
Markets OPEC holds global oil demand view steady, cites US debt ceiling risks LONDON: OPEC’s global oil demand forecast for 2023 was held steady for a third month on Thursday, with the ... Published 12 May, 2023 05:59am
World US default would have ‘very serious repercussions’: IMF WASHINGTON: The International Monetary Fund warned Thursday of severe consequences if the US defaults on its debt,... Updated 11 May, 2023 10:01pm
World Cost of insuring against US default rises to highest since 2009 LONDON: The cost of insuring against a US default rose to its highest since early 2009 on Thursday, in the latest... Published 11 May, 2023 02:16pm
World US debt ‘brinkmanship’ risks serious costs: Yellen NIIGATA, JAPAN: Political brinkmanship over raising the US debt ceiling risks “serious economic costs” even without... Published 11 May, 2023 11:06am
World US debt standoff overshadows G7 finance leaders’ meeting NIIGATA: A standoff over raising the U.S. debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders... Published 11 May, 2023 10:26am
Business & Finance US govt credit default swaps hit all time high on debt ceiling impasse NEW YORK: The cost of insuring exposure to US government debt rose to fresh highs on Wednesday, as President Joe... Published 11 May, 2023 05:54am
World Biden, McCarthy start US debt ceiling talks as clock ticks to default WASHINGTON: US President Joe Biden and top Republican lawmakers will declare their positions face to face on Tuesday... Published 09 May, 2023 07:01pm
World Biden says Republicans holding US economy 'hostage' WASHINGTON: President Joe Biden accused Republicans on Friday of holding the US economy "hostage" by refusing to ... Published 05 May, 2023 10:26pm
World White House says 'will not negotiate' on debt ceiling extension WASHINGTON: President Joe Biden will not negotiate with Republicans on their push to make spending cuts a... Published 02 May, 2023 11:41pm
World US House Republicans revise debt ceiling bill after dissension in ranks WASHINGTON: Republican U.S. House Speaker Kevin McCarthy said lawmakers would vote on Wednesday on a bill to raise... Published 26 Apr, 2023 09:00pm
Markets One-month Treasury yields fall to Oct. lows as debt ceiling worries grow NEW YORK: One-month Treasury yields fell to their lowest levels since October on Monday as investors appeared to ... Published 25 Apr, 2023 06:25am
World McCarthy says he will meet Biden again on US debt ceiling WASHINGTON: Republican US House of Representatives Speaker Kevin McCarthy said on Thursday that he and President Joe... Published 03 Feb, 2023 01:27am
World U.S. Senate to tackle debt ceiling, Majority Leader Schumer says The U.S. Senate will need to address the nation's debt ceiling in coming weeks, Majority Leader Chuck Schumer said ... Published 13 Nov, 2022 10:53pm
Opinion As US debt limit looms again, calls intensify for reform The US government is once again nearing the limit on how much debt it can take on, a familiar deadline that will... Published 27 Oct, 2021 04:50am
Opinion Will Washington truce stick? Wall St assesses US debt ceiling risk An apparent truce in the US debt-ceiling standoff in Congress has offered some relief to Wall Street investors on... Published 08 Oct, 2021 04:30am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees