Why it's so hard to pinpoint the X-date, when the US defaults
For weeks, Treasury Secretary Janet Yellen has been consistently telling lawmakers to act soon because the X-date, when the US could default, could occur as soon as June 1. Now, with June 1 days away, everyone is hoping for a reprieve and that the X-date will slip.
2023-05-27 20:23
US debt ceiling negotiations push towards critical default deadline
By Moira Warburton and Katharine Jackson WASHINGTON Democratic and Republican negotiators said they were hopeful of reaching a
2023-05-27 19:27
Bola Tinubu inauguration: The five tests awaiting Nigeria's new president
Bola Tinubu is taking over the presidency of Nigeria - a giant nation with gigantic problems.
2023-05-27 07:50
Yellen pushes back forecast of potential US default date
WASHINGTON U.S. Treasury Secretary Janet Yellen on Friday extended the deadline for raising the federal debt limit, saying
2023-05-27 04:58
Congress must address debt ceiling by June 5, Yellen warns
Congress must address the debt ceiling by June 5 or the US Treasury will not have enough funds to pay all of the nation's obligations in full and on time, Treasury Secretary Janet Yellen said Friday.
2023-05-27 04:20
Debt limit negotiators under pressure to reach deal as risk of default grows
There are signs that negotiations over raising the nation's debt limit are gaining momentum, but major differences remain and it's unclear how quickly an agreement could come together. Time is running short as the risk of a first-ever default grows.
2023-05-27 00:24
'The mother of all crises.' A US debt default would ricochet around the world
The global economy has been hit by two huge shocks in three years. It might be about to suffer a third in the shape of a US debt crisis.
2023-05-26 22:17
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 21:17
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 19:19
Biden, McCarthy looking to close US debt ceiling deal for two years
By Richard Cowan, Andy Sullivan and Jarrett Renshaw WASHINGTON The White House and congressional Republicans on Friday are
2023-05-26 18:29
US credit default swaps flash default warning and speculators rush in
By Shankar Ramakrishnan and Nell Mackenzie (Reuters) -A measure of U.S. default risk is flashing red as talks over the
2023-05-26 14:16
Analysis-Wall Street prepares for Treasuries mess as default looms
By Gertrude Chavez-Dreyfuss, Saeed Azhar and Davide Barbuscia NEW YORK Anxiety is increasing in parts of Wall Street
2023-05-26 13:20