US House hardliners could try to block debt-ceiling deal without 'robust' cuts
By David Morgan WASHINGTON President Joe Biden and Republican U.S. House Speaker Kevin McCarthy have voiced growing confidence
2023-05-19 06:26
Yellen warns bank CEOs of 'severe' economic consequences if debt ceiling isn't addressed
During a meeting with more than two dozen bank CEOs on Thursday, Treasury Secretary Janet Yellen stressed the urgent need for Congress to address the debt ceiling, according to a readout of the meeting from the Treasury Department.
2023-05-19 04:22
Here's how the 14th Amendment factors into the debt ceiling debate
As negotiations over addressing the debt ceiling continue and the threat of default draws closer, President Joe Biden has resurfaced the controversial idea of using the 14th Amendment as a way to lift the borrowing cap without Congress.
2023-05-19 03:59
Yellen reaffirms strength of US banking system in meeting with bank CEOs -Treasury
WASHINGTON U.S. Treasury Secretary Janet Yellen reaffirmed the strength and soundness of the country's banking system in a
2023-05-19 03:55
McCarthy and Schumer optimistic about the state of debt talks
Two days after his second recent meeting in the Oval Office to discuss raising the debt ceiling, House Speaker Kevin McCarthy sounded positive about the direction of debt limit talks, telling CNN he sees how they can get to a deal and that he wants a bill on the floor next week.
2023-05-19 03:28
US VP Harris, economic adviser Brainard warn of recession if debt default occurs
WASHINGTON Vice President Kamala Harris and President Joe Biden's top economic adviser, Lael Brainard, said on Thursday that
2023-05-19 01:59
Schumer gives U.S. senators 24-hour return notice as debt talks proceed
WASHINGTON U.S. Senate Majority Leader Chuck Schumer said on Thursday that lawmakers from his chamber should be ready
2023-05-19 01:21
Group of Senate Democrats to Biden: Use 14th Amendment to avoid debt default
WASHINGTON A group of U.S. Senate Democrats including Bernie Sanders and Elizabeth Warren urged President Joe Biden in
2023-05-19 00:58
U.S. Democrats warn Biden against toughening aid for the poor
By Richard Cowan, Leah Douglas WASHINGTON (Reuters) -Democrats in the U.S. Congress expressed frustration with President Joe Biden's willingness to
2023-05-18 22:24
BT to cut up to 55,000 jobs by 2030 as fibre and AI arrive
By Paul Sandle LONDON (Reuters) -BT Group, Britain's biggest broadband and mobile provider, will cut up to 55,000 jobs including
2023-05-18 18:55
Factbox-Biden, McCarthy debt ceiling deal - what's in, what's out
WASHINGTON U.S. President Joe Biden and House of Representatives Speaker Kevin McCarthy, the top Republican in Washington, hope
2023-05-18 18:24
Pushing for cuts in debt-ceiling fight, US Republican gets millions for his district
By Andy Sullivan LAKE CHARLES, La. In Washington, Republican U.S. Representative Clay Higgins has been a vocal advocate
2023-05-18 18:20