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DEBT CEILING CRISIS
Imminent debt default: U.S. hurtling toward August debt crisis as CBO warns government could run out of money without Congressional action; here's how it will affect AmericansThe US faces a possible financial crisis as the Congressional Budget Office warns the government could run out of money by August unless Co...
Donald Trump comes down heavily on former Speaker Kevin McCarthy for raising the debt ceiling; what will happen this time as deadline looms, will Johnson survive?President-elect Donald Trump has reignited debates within the GOP by criticizing former House Speaker Kevin McCarthy for agreeing to raise ...
US could hit debt limit in January 2025? Janet Yellen warns of $36.1 trillion risk as crisis loomsIs United States of America headed for a default in 2025? Treasury Secretary Janet Yellen has said she expects the US will officially run u...
Donald Trump attacks Joe Biden's 2023 debt ceiling deal, calls it 'dumbest' political move in yearsUS President-elect Donald Trump has criticised the 2023 debt ceiling extension, agreed by President Joe Biden and then-House Speaker Kevin ...
Janet Yellen urges immediate Congress intervention on debt ceiling; Speaker Mike Johnson in a precarious situation to get deal done or else he may lose his jobIf the debt ceiling is not raised, the government would technically default on its obligations, potentially leading to economic instability.
How will Moody's downgrade of US banks impact global markets? Nadia Elbilassy answersSo I think the situation right now would demand greater importance to what is going to happen soon. Maybe a mild recession is definitely in...
Fitch cuts US credit rating to AA+; Treasury calls it 'arbitrary'With the downgrade, it becomes the second major rating agency after Standard & Poor's to strip the United States of its triple-A rating. Th...
US debt ceiling crisis: Should Nifty bulls be worried?So, what is this USA Debt Ceiling and what impact will it have on Global Financial markets? The USA government spends more money than it ea...
Why a better distribution of global power would suit India, and the developing worldThe US economy accounts for 25% of global output, China's 20%. China is now a bigger creditor to developing countries than the US. For all ...
Commodity Talk: Crude oil to remain volatile amid US debt crisis, says Prathmesh Mallya of Angel OneOil prices are likely to remain volatile until the US debt ceiling crisis is resolved on June 1, according to Prathamesh Mallya of Angel On...
USD-INR likely to be range bound amid US debt ceiling crisis, says Anil Kumar Bhansali of Finrex Treasury AdvisorsThe oil companies are buying dollars keeping rupee in the range of 81.90 - 82.40. They were absent from the scene earlier, refusing to buy ...
Gold Price Today: Yellow metal likely to remain volatile. Is it time to book profits?Gold prices in India have risen marginally due to fears about a US default due to the debt ceiling crisis. June Gold futures rose 0.24% to ...
Dollar softer as US debt ceiling crisis unresolved, inflation data eyedThe US dollar declined on Wednesday, following unsuccessful talks between President Biden and lawmakers on the nation's debt ceiling. Despi...
'US failure to raise debt ceiling will be disastrous'The debt ceiling, the upper limit of debt the US federal government is legally allowed to accumulate, was technically hit in March.
Gulf economies to be hit if US debt ceiling crisis worsensEconomic consequences could be dire for Gulf Cooperation Council countries if US fails to finales a deal on lifting of the debt ceiling.
- Companies may get more access to foreign borrowings as ceiling on borrowing cost may rise by 100 bps
Co's that raise foreign loans with a maturity of 1 yr or less can do so if interest rates are below 200 bps over the Libor.
- US debt deal: Bungled debt skirmish bodes ill for battle to come
Team Obama says the president did the best possible job and produced the least harmful outcome in the debt-ceiling crisis, given the bad ha...