Biden and McCarthy to meet on Monday as debt talks resume WASHINGTON: U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss the debt limit... Published 21 May, 2023 11:09pm
World Yellen says June 1 is 'hard deadline' for raising debt ceiling WASHINGTON: US Treasury Secretary Janet Yellen on Sunday said June 1 remains a "hard deadline" for raising the... Updated 21 May, 2023 11:27pm
World 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 Nasdaq jumps as growth stocks back in play NEW YORK: The Nasdaq and the S&P 500 rose on Thursday as investors shifted into high-growth stocks amid optimism... Published 19 May, 2023 06:17am
Markets European stocks climb on US debt ceiling optimism PARIS: European stocks climbed on Thursday boosted by hopes of a breakthrough in the US debt ceiling stand-off, with... Published 19 May, 2023 06:17am
Business & Finance US dollar rises to seven-week high buoyed by data NEW YORK: The dollar rose to fresh seven-week peaks on Thursday as another round of solid economic data further ... Published 19 May, 2023 06:17am
World Democratic senators urge Biden to use 14th Amendment to avoid debt default WASHINGTON: A group of U.S. Senate Democrats called on President Joe Biden to prepare to invoke the U.S.... Published 19 May, 2023 12:29am
World Biden says confident in reaching deal to avert default WASHINGTON: President Joe Biden said Wednesday he was confident about reaching a deal with Republican leaders to... Published 18 May, 2023 06:10am
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 Biden to meet congressional leaders on debt early next week: White House WASHINGTON: President Joe Biden is expected to meet with Republican House Speaker Kevin McCarthy and other... Published 12 May, 2023 11:41pm
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
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 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 05 May, 2023 06:44am
World Biden administration warns China hopes for US debt 'chaos' WASHINGTON: The Biden administration on Thursday warned that superpower rival China would "love" to see Washington... Published 05 May, 2023 01:18am
World Fed's Powell: don't assume Fed can protect U.S. economy from debt limit default WASHINGTON: The U.S. Federal Reserve is unlikely to be able to shield the U.S. economy from the fallout of a failure... Published 04 May, 2023 12:59am
Markets Australian shares drop 1% on heavy financials, energy selloff Australian shares on Wednesday marked their worst day in almost seven weeks, as risk-averse sentiment forced... Updated 03 May, 2023 01:03pm
Business & Finance Oil slumps 5pc to five-week low amid US debt default fears NEW YORK: Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as US politicians... Published 03 May, 2023 06:35am
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
Business & Finance Debt limit action should be ‘without conditions’: Yellen WASHINGTON: A US debt default would trigger an “economic and financial catastrophe,” Treasury Secretary Janet... Published 26 Apr, 2023 06:15am
World Debt limit action should be ‘without conditions’: Yellen WASHINGTON: A US debt default would trigger an “economic and financial catastrophe,” Treasury Secretary Janet Yellen... Published 25 Apr, 2023 06:47pm
World Yellen warns US House members of 'economic collapse' from default WASHINGTON: US Treasury Secretary Janet Yellen urged members of the US House of Representatives on Friday to raise... Published 11 Mar, 2023 01:00am
World US risks debt default as soon as July: budget office WASHINGTON: The United States risks defaulting on payment obligations as soon as July, if lawmakers fail to resolve ... Published 16 Feb, 2023 12:55am