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US debt

Rising US debt stokes calls in Congress for special fiscal commission

WASHINGTON: The US Congress is facing growing calls to find a way to stem rising budget deficits and debt following...

Published 22 Nov, 2023 05:48am

World

Moody’s downgrades US debt rating outlook to negative

WASHINGTON: Moody’s on Friday downgraded its outlook on US debt to negative from stable, one week before crucial...

Published 11 Nov, 2023 11:58am

Markets

US debt downgrade knocks European stocks to two-week lows

PARIS: European shares tumbled to two-week lows on Wednesday, with broad-based losses as investors fled riskier...

Published 03 Aug, 2023 05:54am

World

U.S. Treasury can meet all obligations after debt ceiling suspension

WASHINGTON: The U.S. Treasury said it can now meet the federal government's payment obligations after a debt ceiling...

Published 05 Jun, 2023 11:05pm

World

Biden lauds ‘crisis averted’ with debt ceiling deal in first Oval Office address

WASHINGTON: US President Joe Biden declared a “crisis averted” on Friday in his first address from the White...

Published 05 Jun, 2023 03:27am

World

Biden signs debt ceiling bill into law, averting default

WASHINGTON: US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of...

Published 03 Jun, 2023 11:38pm

Markets

Wall St falls on Fed hike jitters ahead of debt ceiling vote

NEW YORK: US stock indexes fell on Wednesday as a deal to raise the nation’s debt ceiling headed for a crucial ...

Published 01 Jun, 2023 03:34am

Markets

Gold firms; set for monthly loss on dollar strength

NEW YORK: Gold firmed on Wednesday supported by lower Treasury yields but the dollar’s strength, with more ...

Published 01 Jun, 2023 03:34am

Markets

Oil falls on weak China data, stronger dollar

HOUSTON: Oil prices fell on Wednesday on a stronger US dollar and as weak data from top oil importer China raised...

Published 01 Jun, 2023 03:34am

Markets

Copper heads for second monthly drop on dismal China data

LONDON: Copper prices fell back towards six-month lows on Wednesday after data showed factory activity in top...

Published 01 Jun, 2023 03:34am

World

Race against time for US debt crisis bill in Congress

WASHINGTON: The bill hammered out by US leaders to prevent the country from a catastrophic default on its debts will...

Published 31 May, 2023 03:57am

Markets

Oil slides 4pc on worries about US debt ceiling

NEW YORK: Oil prices fell more than 4% on Tuesday on concerns about whether the US Congress will pass the US debt...

Published 31 May, 2023 03:56am

Business & Finance

Nvidia tops $1trn in market value on Wall Street

NEW YORK: Chip company Nvidia exceeded $1 trillion in market value Tuesday as Wall Street stocks mostly rose,...

Published 31 May, 2023 03:56am

World

US debt ceiling deal faces its first test in Congress, amid right-wing pushback

WASHINGTON: Right-wing Republicans said on Tuesday they oppose a bipartisan deal to raise the $31.4 trillion U.S....

Published 30 May, 2023 10:35pm

Markets

European stocks slip as investors assess US debt deal

PARIS: European shares edged lower in light trade on Monday, on losses in technology and bank stocks, while ...