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DEBT CEILING STANDOFF
US midterms may raise shutdown, debt risks; keep tariff uncertainty high: ICICI BankThe upcoming US midterm elections could increase the potential for a government shutdown and legislative standoffs. Democrats are predicted...
The midterm election outcomes that could shape Trump's final two yearsAmericans will vote in the November 3 midterm elections to decide control of Congress for the final two years of President Donald Trump's t...
Debt ceiling standoff could trigger US rating downgrade, TD's Goldberg saysGennadiy Goldberg, head of U.S. rates strategy at TD Securities, warns of a potential severe debt ceiling standoff in the U.S. in 2025, sim...
US Treasury yields edge lower after Fitch downgradeFitch overnight downgraded the U.S. government's rating to AA+ from AAA, citing an expected fiscal deterioration over the next three years ...
Yellen's debt limit warnings went unheeded, leaving her to face fallout"I always worry about the debt ceiling," Yellen told The New York Times in an interview, in which she urged Democrats to use their remainin...
Joe Biden says 'hopeful' on US debt deal within hoursIt was by far the strongest indication that the drama in Washington might end, allowing the government to borrow and avoid a default likely...
Dollar eyes third weekly gain on higher US rate expectationsThe US dollar's value approached a two-month high against its rivals as expectations rose that US interest rates could stay higher for long...
Gold climbs Rs 250; silver advances Rs 540In the international market, both gold and silver were trading higher at USD 1,974 per ounce and USD 23.35 per ounce, espectively.Gold pric...
Dollar firms on optimism over US debt ceiling talks, Aussie down after jobs dataThe U.S. dollar held near a seven-week peak on Thursday, after President Joe Biden and top U.S. congressional Republican Kevin McCarthy wor...
Oil prices ease after U.S. oil stock buildOil prices edged lower on Thursday as concerns over plentiful supply eased and investors watched developments around U.S. debt ceiling nego...
Stock traders stay calm about US being on cusp of defaultMake no mistake, the risk is real. Treasury Secretary Janet Yellen said Friday that the US will "have to default on some obligation" if Con...
Recession, millions of jobs lost if US defaults: TreasuryPresident Joe Biden's administration again warned Sunday of "catastrophic" consequences for the US economy including huge job losses if the...
Yellen hopeful of a solution to 'more difficult' debt ceiling showdownUS Treasury Secretary Janet Yellen has stated that the stand-off over raising the US debt ceiling is "more difficult" than in the past, but...
US default would have 'very serious repercussions': IMFRepublicans and Democrats remain sharply divided over the debt ceiling, with Republicans in Congress insisting that President Joe Biden's a...
US debt standoff overshadows G7 finance leaders' meetingTreasury Secretary Janet Yellen was expected to face questions from her G7 counterparts, meeting in the Japanese city of Niigata, on how Wa...
Scope Ratings places US credit ratings under review for possible downgradeA rise in political polarisation, divided government since November 2022 congressional elections and more elevated federal deficits over th...
Joe Biden says not yet ready to invoke 14th Amendment to avoid debt defaultThe divided U.S. Congress is running out of time to raise the federal government's $31.4 trillion debt ceiling, with the Treasury Departmen...
US could default on its debt as soon as JuneThe US will reach the debt limit on January 19 on January 19 and then "extraordinary measures" will need to be taken, Treasury Secretary Ja...
Wall Street ends with solid gains; Amazon up 1%Mega-cap stocks jumped with Apple Inc up 0.9% and Amazon.com Inc rising 1.2%, the biggest boosts to the S&P 500 and Nasdaq. Tesla and Googl...
Dollar slips as no sign of progress in US budget standoffThe dollar index stood at 80.02, down slightly on the day and not far from eight-month low of 79.627 hit on Thursday.