Debt ceiling: Still no plan to avoid a default, but major shifts in posture
After a week of meetings on the debt ceiling, Congress, the White House and the country still do not have a clear path forward to avoid a cataclysmic default with just four days when both the House and Senate are scheduled to be in session before June 1, when the US could default on its obligations. On one hand, it looks like this could go to the brink. On the other, there have been pockets of progress over the intervening days and signs that some of the most stringent and hardened positions negotiators have been echoing over the last three months are slowly beginning to soften.
2023-05-13 04:54
Trading platform Tradeweb in talks about US default contingency plans
NEW YORK Bond trading platform Tradeweb is in talks with clients, industry groups and other market participants about
2023-05-13 03:28
Debt ceiling worries deepen as early June U.S. default reinforced
By Richard Cowan WASHINGTON The Washington standoff over raising the U.S. government's $31.4 trillion borrowing limit is adding
2023-05-13 03:20
Biden nominates Jefferson as Fed Vice Chair, Kugler to Fed Board
By Ann Saphir, Andrea Shalal and Jeff Mason WASHINGTON (Reuters) -U.S. President Joe Biden on Friday nominated Federal Reserve Governor
2023-05-13 03:20
Pakistan's political crisis will deepen its economic misery
The political unrest that's engulfed Pakistan since former Prime Minister Imran Khan was arrested earlier this week will complicate efforts to secure a financial lifeline from the International Monetary Fund and exacerbate the country's economic crisis.
2023-05-13 02:27
'Every family should be concerned' about debt ceiling, consumer watchdog warns
Leaders in Washington are running out of time to avoid an unprecedented default on US debt. The top consumer watchdog in the federal government is warning of dire consequences for American families.
2023-05-13 02:22
Biden to meet congressional leaders on debt early next week - White House
By Jeff Mason WASHINGTON President Joe Biden is expected to meet with Republican House Speaker Kevin McCarthy and
2023-05-13 02:19
Ghana's official creditors pave way for IMF sign-off on $3 billion loan
By Christian Akorlie, Jorgelina do Rosario and Rachel Savage ACCRA (Reuters) -Ghana's official sector creditors have formed a committee co-chaired
2023-05-13 01:45
Resolve debt limit dispute or no pay for U.S. lawmakers, House Democrat says
By Moira Warburton WASHINGTON Lawmakers in the U.S. Congress should have their pay frozen until the fight over
2023-05-13 01:26
Virgin Orbit plans to move back deadline for bidders - source
By Joey Roulette Satellite launch company Virgin Orbit is planning to move back the deadline for prospective bidders
2023-05-13 00:53
Biden nominates the first Latino to the Federal Reserve
President Joe Biden on Friday nominated economist and World Bank official Adriana Kugler to join the Federal Reserve's powerful Board of Governors and Philip Jefferson to be the central bank's vice chair.
2023-05-12 23:52
Turkey Official Nixes Idea Iraqi Oil Is About to Flow Again
Turkey probably won’t accept a request from Baghdad for oil exports through the port of Ceyhan to resume
2023-05-12 22:17