Fitch overnight downgraded the U.S. government's rating to AA+ from AAA, citing an expected fiscal deterioration over the next three years ...

"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...

It was by far the strongest indication that the drama in Washington might end, allowing the government to borrow and avoid a default likely...

The US dollar's value approached a two-month high against its rivals as expectations rose that US interest rates could stay higher for long...

In 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...

The 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 edged lower on Thursday as concerns over plentiful supply eased and investors watched developments around U.S. debt ceiling nego...

Make no mistake, the risk is real. Treasury Secretary Janet Yellen said Friday that the US will "have to default on some obligation" if Con...

President Joe Biden's administration again warned Sunday of "catastrophic" consequences for the US economy including huge job losses if the...

US Treasury Secretary Janet Yellen has stated that the stand-off over raising the US debt ceiling is "more difficult" than in the past, but...

Republicans and Democrats remain sharply divided over the debt ceiling, with Republicans in Congress insisting that President Joe Biden's a...

Treasury Secretary Janet Yellen was expected to face questions from her G7 counterparts, meeting in the Japanese city of Niigata, on how Wa...

A rise in political polarisation, divided government since November 2022 congressional elections and more elevated federal deficits over th...

The divided U.S. Congress is running out of time to raise the federal government's $31.4 trillion debt ceiling, with the Treasury Departmen...

The US will reach the debt limit on January 19 on January 19 and then "extraordinary measures" will need to be taken, Treasury Secretary Ja...

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...

The dollar index stood at 80.02, down slightly on the day and not far from eight-month low of 79.627 hit on Thursday.