Biden pledges to not let America default on its debt WASHINGTON: President Joe Biden challenged Republicans on Tuesday to release a budget proposal and let Americans... Published 15 Feb, 2023 01:29am
World Debt talks can include everything but cuts to Social Security and Medicare, Republicans say WASHINGTON: Republicans say they would not cut Social Security and Medicare programs but "everything else is on the... Published 12 Feb, 2023 11:46pm
World Biden will insist that raising debt limit is not 'bargaining chip': White House WASHINGTON: US President Joe Biden will insist in his State of the Union address that raising the debt limit of the... Published 07 Feb, 2023 04:34am
Opinion Biden, Republican leader clash – with US economy at stake President Joe Biden and the new Republican speaker of the House of Representatives, Kevin McCarthy, face off... Published 02 Feb, 2023 06:12am
World Biden White House, McCarthy dig in ahead of debt meeting WASHINGTON: US President Joe Biden and House Speaker Kevin McCarthy won't come to their first meeting over raising... Published 01 Feb, 2023 01:55am
World Top Republican to meet Biden on avoiding US debt default WASHINGTON: Top Republican Kevin McCarthy said he would meet Wednesday with Joe Biden to discuss avoiding a US debt... Published 29 Jan, 2023 10:37pm
World U.S. lawmakers preparing plan to avert debt-ceiling crisis WASHINGTON: A bipartisan group of U.S. lawmakers is preparing a plan to defuse a looming crisis over the nation's... Published 22 Jan, 2023 10:45pm
Opinion Debt ceiling: White House bets Republicans will blink under pressure The White House is refusing to negotiate with hardline Republicans on raising the debt ceiling because it believes... Published 21 Jan, 2023 06:15am
World US debt limit negotiations to take time, but agreement expected: Moody's NEW YORK: The US Congress will likely reach an agreement on a new debt limit before the Treasury exhausts... Published 19 Jan, 2023 11:02pm
World White House says it doesn't want to 'go around Congress' on debt ceiling WASHINGTON: The White House on Sunday said it wasn't planning to circumvent Congress in order to raise the U.S. debt... Published 09 Jan, 2023 12:40am
Print US defers repayment of $132m debt ISLAMABAD: The United States on Friday approved providing $132 million in US debt relief to Pakistan under G20 Debt... Published 01 Oct, 2022 04:20am
World Congress reaches agreement to avert calamitous US debt default WASHINGTON: US senators struck a deal Tuesday to create a one-time law allowing Democrats to lift the nation’s... Published 09 Dec, 2021 04:29am
Business & Finance Dollar hits one-year high LONDON/NEW YORK: The dollar rose to a one-year high on Tuesday on expectations the US Federal Reserve will announce ... Published 13 Oct, 2021 04:47am
Markets Two-year yields hit 18-month high as energy costs stoke inflation worries SINGAPORE: Two-year Treasury yields leapt to a more than 18-month high on Tuesday as investors sold US debt,... Published 12 Oct, 2021 11:38am
World Yellen warns US debt default could trigger recession WASHINGTON: US Treasury Secretary Janet Yellen warned Tuesday that a US debt default could trigger another ... Published 05 Oct, 2021 05:43pm
Markets S&P 500 turns flat after Fitch warning; Merck boosts Dow NEW YORK: The S&P 500 pared early gains on Friday after Fitch warned that political wrangling over the US debt... Published 02 Oct, 2021 04:45am
Markets Stocks wobble at end of choppy week LONDON: Global stock markets seesawed on Friday at the end of a tumultuous week marked by concerns about soaring... Published 02 Oct, 2021 04:45am
Business & Finance US dollar dips from 1-year high NEW YORK/LONDON: The dollar slipped from a one-year high on Thursday in choppy trading, pressured a little bit by a... Published 01 Oct, 2021 04:07am
Opinion How the US debt limit became 'a hostage that's worth ransoming' A decade ago, a standoff between Democrats and Republicans over increasing the United States' authority to borrow... Published 27 Sep, 2021 05:51am
Markets Asian investors soothed by Evergrande bond plan Where it could announce a timetable to start tapering its vast monetary easing programme Published 22 Sep, 2021 10:05am
Print Republicans withhold support for US debt ceiling increase WASHINGTON: Republican leaders in Congress on Tuesday continued to withhold support for efforts by the Democratic... Published 16 Sep, 2021 03:16am
Markets US yields slip as investors await 5-year note auction The US Treasury is also set to auction $61 billion in 5-year notes later on Wednesday and $62 billion in 7-year debt on Thursday. In mid-morning trading, the US 10-year Treasury yield fell to 1.553% from 1.564% late on Tuesday. Published 26 May, 2021 07:54pm
Markets Foreigners lift China sovereign bond holdings to record in April SHANGHAI: Overseas investors resumed net purchases of Chinese government bonds (CGBs) in April following an unusual... Published 17 May, 2021 06:14am
Opinion After free-spending Trump years, Republicans rediscover US debt US President Joe Biden’s $1.9 trillion plan to revive the US economy has been met with howls from the Republican... Published 01 Feb, 2021 03:39am