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
Why Wall Street cares more about Nvidia than the debt ceiling
The debt ceiling debate and possibility that the United States could default on its financial obligations have hung over the heads of investors for nearly six months now. But Wall Street appears to be largely shrugging off the ongoing negotiations as noise, opting instead to focus on a better-than-expected first quarter earnings season.
2023-05-26 19:58
Factbox-Top US credit rating under watch as debt ceiling talks drag on
Drawn-out negotiations between the White House and Republicans to raise the $31.4 trillion debt ceiling have unnerved markets
2023-05-26 19:24
Ramaphosa Sets Powers for Minister to Address Energy Crisis
South African President Cyril Ramaphosa allocated a range of powers to his electricity minister to help address the
2023-05-26 18:57
Column-Sterling caught between rate spike and gilt rupture: Mike Dolan
By Mike Dolan LONDON Britain's interest rate horizon skyrocketed this week on another alarming inflation reading that some
2023-05-26 14:30
Billionaires’ M&A Fight Ends With Revival of Solar Export Dream
Billionaire Mike Cannon-Brookes will revive a stalled plan to export solar power from Australia to Singapore after sealing
2023-05-26 14:15
Analysis-Investing in AI: how to avoid the hype
By Naomi Rovnick LONDONExperienced tech investors are hunting for undervalued opportunities in an over-valued space. At stake is
2023-05-26 13:16
Debt Talk Progress, US Rally Support Asia Stocks: Markets Wrap
Asian stocks were likely to find some support from signs of progress in debt-ceiling talks and gains in
2023-05-26 07:57
Inside the Treasury Department team monitoring early economic warning signs as default threat looms
Nearly five months before the US was projected to hit the debt ceiling, a small team inside the Treasury Department began alerting top officials to early effects already being felt in the US financial system.
2023-05-26 06:46
US default fears spark clearing house collateral scrutiny
By John McCrank, Laura Matthews and Michelle Price WASHINGTON Clearing houses and their members are working out how
2023-05-26 06:16
Power transmission deal being mulled in US debt limit talks -sources
By Timothy Gardner and Jarrett Renshaw WASHINGTON A bill to boost power transmission between U.S. regions is being
2023-05-26 05:57