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
First Dutch Female Finance Minister Mulls Quitting After Death Threats
Dutch Finance Minister Sigrid Kaag is considering her political future over continued threats from conspiracy theorists and right
2023-05-27 01:18
Deputy Treasury secretary rules out possibility of using 14th Amendment to raise debt ceiling
Invoking the 14th Amendment to lift the borrowing cap on the US debt ceiling as a way to work around slow-moving negotiations is not an option, Deputy Treasury Secretary Wally Adeyemo told CNN Friday, the administration's most definitive response yet to an unlikely option demanded by some progressives.
2023-05-26 21:25
US consumer spending beats expectations in April; inflation picks up
WASHINGTON (Reuters - U.S. consumer spending increased more than expected in April, boosting the economy's growth prospects for the second
2023-05-26 20:57
Fed lending to banks lowest in latest week since crisis began in March
By Michael S. Derby NEW YORK Federal Reserve emergency lending to banks fell in the latest week to
2023-05-26 04:46
US debt ceiling: Congress heads home for holiday without a deal
"We're gonna work 24/7", says House Speaker Kevin McCarthy as time runs low to raise the debt ceiling.
2023-05-26 01:50
Silicon Valley Bank: 500 jobs cut by new owner First Citizens
The move comes two months after SVB's collapse triggered fears of a banking crisis.
2023-05-25 11:22
Are investors finally nervous about the US debt ceiling?
US financial markets falter as debt ceiling talks continue. So is Wall Street getting nervous?
2023-05-25 03:50
Explainer-U.S. debt ceiling focus on 'discretionary spending' means cuts ahead
By Jarrett Renshaw and Andy Sullivan WASHINGTON (Reuters) -The central pillar of any debt-ceiling agreement between President Joe Biden and
2023-05-24 22:47
The debt ceiling is an awkward place to talk about spending
The debt ceiling snafu, which has the potential to wreck the US economy, is a civics lesson in the bizarrely inefficient way the American government spends your money.
2023-05-24 05:26
Biden and McCarthy aides hunt for bipartisan debt ceiling deal
By Jarrett Renshaw White House and congressional Republican negotiators will meet again on Tuesday to resolve a months-long
2023-05-23 18:20
Mining lags on female C-suite, board representation
By Clara Denina and Helen Reid LONDON Mining firms lag far behind other sectors on female representation in
2023-05-23 18:19