Explainer-Debt ceiling standoff: What happens if Washington falls behind on its bills?
By Jason Lange WASHINGTON The U.S. government could fall behind on its bills next month - and even
2023-05-18 18:18
Debt restructuring no panacea for Chinese developers as challenges loom
By Clare Jim and Xie Yu HONG KONG A shrinking land bank and sluggish property demand are likely
2023-05-18 16:26
Six Pacific countries at high risk of debt distress - World Bank
WELLINGTON Six Pacific countries are at a high risk of debt distress in part due to government spending
2023-05-18 13:56
Are you worried about the US defaulting on its debt?
The United States risks could run out of money to pay its bills if Congress is not able to reach an agreement on the debt ceiling. It could happen as soon as June 1, according to warnings from Treasury Secretary Janet Yellen, and could have potentially have far-reaching and dire consequences for Americans, including people who receive benefit payments or run a small business or who are trying to buy a home.
2023-05-18 02:48
Bank CEOs huddle with Schumer on the debt ceiling
Senate Majority Leader Chuck Schumer urged JPMorgan Chase CEO Jamie Dimon and other leading bank executives during a meeting on Wednesday to push all members of Congress to take the threat of a disastrous default off the table, a person familiar with the matter told CNN.
2023-05-18 01:59
Biden supported these work requirements for public aid in the past
With work requirements for safety net programs emerging as a central issue in the debt ceiling negotiations, President Joe Biden's past support of such mandates is a point of optimism for Republicans and of concern for his fellow Democrats.
2023-05-18 00:21
House Speaker McCarthy says U.S. debt ceiling deal by Sunday is “doable”
WASHINGTON House Speaker Kevin McCarthy said on Wednesday that a deal to raise the U.S. debt ceiling limit
2023-05-18 00:19
Biden says he's confident leaders will reach an agreement on debt limit
President Joe Biden on Wednesday sought to lay out how he'll continue to negotiate with congressional leaders on the budget to raise the debt ceiling -- underscoring that all parties agreed that the United States would not default.
2023-05-17 23:57
Global debt on the rise, EM crosses $100 trillion mark - IIF
By Rodrigo Campos NEW YORK A measure of debt across the globe rose in the first quarter to
2023-05-17 23:23
US debt ceiling: New negotiators aim to break deadlock
President Joe Biden has cut short a foreign trip as both sides race to strike a deal before 1 June.
2023-05-17 22:50
House Democrats filing 'discharge petition' on debt limit in case needed, Jeffries says
WASHINGTON U.S. House Democrats will file a so-called discharge petition on Wednesday as a means to raise the
2023-05-17 21:24
U.S. House Speaker McCarthy says he thinks U.S. will not default
WASHINGTON (Reuters) -House Speaker Kevin McCarthy on Wednesday said he believed the United States will not default on its debt
2023-05-17 20:18