Obama agreed to $2.1 trillion in spending cuts to end 2011 debt ceiling crisis. Here's what happened next.
The nation is days away from defaulting on its obligations. The Republican House speaker, pushed by conservatives in his party, demands deep spending cuts. The president, a Democrat, works on negotiating a package to avert a fiscal calamity.
2023-05-30 21:30
U.S. markets jump on high hopes of debt ceiling lift off
By Nell Mackenzie and Harry Robertson LONDON Wall Street was tipped for a strong open on Tuesday, while
2023-05-30 19:25
U.S. debt ceiling deal to face its first test in Congress
By Moira Warburton and Andy Sullivan WASHINGTON A bipartisan deal to raise the $31.4 trillion U.S. debt ceiling
2023-05-30 18:29
Debt ceiling deal exposes Biden and McCarthy's weaknesses with their parties' extremes
President Joe Biden and House Speaker Kevin McCarthy convinced themselves of a compromise deal to slow federal spending and replenish the near-empty treasury with borrowed cash.
2023-05-30 12:23
Lawmakers race to secure US debt deal votes as deadline looms
A deal to raise the debt ceiling must now pass in the narrowly-divided House of Representatives.
2023-05-30 02:58
U.S. Republicans tee up debt-ceiling vote in Congress
By Kanishka Singh and Andy Sullivan WASHINGTON Republicans in the House of Representatives on Monday laid plans to
2023-05-30 01:59
31 billionaires are worth more than the US Treasury has in cash
Cash levels at the US Treasury are tumbling toward a dangerously low level as Washington waits until the last minute to raise the debt ceiling.
2023-05-30 01:58
Corporate America celebrates debt ceiling deal and urges Congress to quickly pass legislation
Leading business groups are praising President Joe Biden and House Speaker Kevin McCarthy for forging a bipartisan agreement to raise the debt ceiling, and they are calling for Congress to pass the legislation before the government suffers a devastating default.
2023-05-29 22:59
Bola Tinubu inauguration: Fuel subsidy removed in Nigeria
Bola Tinubu makes a major policy announcement in his inaugural address.
2023-05-29 22:47
US House Rules panel to meet Tuesday on debt ceiling bill
By Kanishka Singh WASHINGTON (Reuters) -The U.S. House Rules Committee said it will meet on Tuesday afternoon to discuss the
2023-05-29 21:52
Explainer-What is the U.S. debt ceiling?
By Jason Lange WASHINGTON The U.S. is rapidly approaching the deadline for Congress to pass a deal, reached
2023-05-29 20:18
Wuhan is pressing hundreds of Chinese firms to repay their debts in rare public warning
Wuhan, the largest city in central China, has publicly demanded that hundreds of local companies repay their debts, in an extremely rare move that highlights the dire financial situation facing many of the country's municipal governments amid economic uncertainty.
2023-05-29 17:19