debtceiling

Just days before the United States was set to default on its debt for the first time, the US Congress approved a deal to lift the nation's borrowing limit. The bill, which is well on its way to becoming law, will spare the US from a…

WASHINGTON: An “agreement in principle” between President Joe Biden and House Speaker Kevin McCarthy would raise the nation's legal debt ceiling, but now Congresshas only days to approve a package that includes spending cuts and would…

WASHINGTON: President Joe Biden and House Speaker Kevin McCarthyhave reached an agreement in principle on legislation to increase the nation’s borrowing authority and avoid a default.Negotiators are now racing to finalize the bill’s text.…

WASHINGTON: Treasury secretary Janet Yellensaid her department estimates it will run out of funding by June 5 if lawmakers fail to raise or suspend the US debt ceiling.“Based on the most recent available data, we now estimate that treasury…

NEW YORK: Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the US debt ceiling dragged on without a deal.The lack of progress on raising the US government's $31.4…

BENGALURU: Indian shares snapped a three-day winning streak on Wednesday, dragged by high-weightage financials and metal stocks, as caution over the US debt ceiling deadlock weighed on stock markets around the globe.The blue-chip Nifty 50…

Big stakes ahead of debt-limit talks If Treasury Secretary Janet Yellen is correct, there are just a few precious weeks remaining for Congress and the White House to reach a debt-limit accord and avoid “an economic and financial…

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NEW YORK: Wall Street ended higher on Wednesday as investors grew more optimistic that congressional Democrats and Republicans could reach a deal to avert a government debt default. Top US Senate Republican Mitch McConnell said his party…