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As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.
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Debt Default, Shutdown Deals Led To Kevin McCarthy's Ouster As US Speaker
Republican Kevin McCarthy rode the tiger of far-right US politics led by Donald Trump to achieve his dream of becoming House speaker early this year. Then on Tuesday, the tiger turned and ate him.
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Foxconn's Worries Over Vedanta's Financials Said to Be Reason Behind Withdrawal From JV
The Indian government and Foxconn had concerns over the financial situation of Vedanta, which led to the Taiwanese company parting ways with Vedanta on a chipmaking joint venture, sources familiar with the information told Reuters.
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Pak Politics Seen Key To Deliver On Last-Gasp $3 Billion IMF Bailout
Pakistan won vital breathing space from a potential debt default thanks to a draft agreement with the International Monetary Fund, but political stability will prove key to the South Asian economy in coming months.
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Joe Biden Signs Debt Ceiling Bill Into Law, Averting Default
US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of wrangling, moving to avert a catastrophic, self-induced default in the world's biggest economy.
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"Big Win For Americans": Biden On Debt Deal That Averts First-Ever Default
US President Joe Biden welcomed Thursday's vote by the Senate to raise the national debt limit through 2024 and avert a first ever default as a "big win" for Americans.
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US Averts First-Ever Default As Congress Passes Debt Deal
US senators voted to suspend the federal debt limit on Thursday, eliminating the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.
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US House Passes Debt Ceiling Deal, Bill Now Moves To Senate
US lawmakers voted to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington's warring parties after weeks of brinkmanship and fraught backroom deal-making.
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Race Against Time For US Debt Crisis Bill In Congress
Republican and Democratic leaders scrambled Monday to secure congressional support for a bill aimed at avoiding a catastrophic US debt default -- with just one week left before the government starts running out of money.
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Biden, McCarthy Confident That Debt-Crisis Deal Will Pass Through Congress
US President Joe Biden and Republican leader Kevin McCarthy said they were confident Sunday of pushing a debt crisis deal through Congress and avoiding a cataclysmic default, despite skepticism from some lawmakers on both sides of the aisle.
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US Cash Pile At Record Low, Biden And Republicans Agree On Debt Ceiling
US President Joe Biden and Republican lawmakers struck a deal in principle to raise the country's debt ceiling Saturday, in a crucial first step towards eliminating the threat of a disastrous default with just days to spare.
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Blockchain.com CEO Says US Debt Default Would Hit Cryptocurrencies Initially
A US government default would trigger an initial pull-back from crypto currencies followed by a "push upward" the CEO of London-based crypto firm Blockchain.com said on Thursday.
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"There Will Be No Default": Joe Biden On US Debt Crisis
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.
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"Not Going To Fix...": US Rules Out Constitutional Solution To Debt Crisis
President Joe Biden is not planning to invoke the 14th Amendment to prevent a US debt default, the White House said Tuesday, ruling out a constitutional solution to the current debt impasse.
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How US Debt Default Would Affect Global Economy, Financial Markets
President Joe Biden and Republicans in Congress have resumed crunch talks aimed at averting a damaging US debt default, which Treasury officials recently warned could come as early as June 1.
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As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.
-
Debt Default, Shutdown Deals Led To Kevin McCarthy's Ouster As US Speaker
Republican Kevin McCarthy rode the tiger of far-right US politics led by Donald Trump to achieve his dream of becoming House speaker early this year. Then on Tuesday, the tiger turned and ate him.
-
Foxconn's Worries Over Vedanta's Financials Said to Be Reason Behind Withdrawal From JV
The Indian government and Foxconn had concerns over the financial situation of Vedanta, which led to the Taiwanese company parting ways with Vedanta on a chipmaking joint venture, sources familiar with the information told Reuters.
-
Pak Politics Seen Key To Deliver On Last-Gasp $3 Billion IMF Bailout
Pakistan won vital breathing space from a potential debt default thanks to a draft agreement with the International Monetary Fund, but political stability will prove key to the South Asian economy in coming months.
-
Joe Biden Signs Debt Ceiling Bill Into Law, Averting Default
US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of wrangling, moving to avert a catastrophic, self-induced default in the world's biggest economy.
-
"Big Win For Americans": Biden On Debt Deal That Averts First-Ever Default
US President Joe Biden welcomed Thursday's vote by the Senate to raise the national debt limit through 2024 and avert a first ever default as a "big win" for Americans.
-
US Averts First-Ever Default As Congress Passes Debt Deal
US senators voted to suspend the federal debt limit on Thursday, eliminating the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.
-
US House Passes Debt Ceiling Deal, Bill Now Moves To Senate
US lawmakers voted to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington's warring parties after weeks of brinkmanship and fraught backroom deal-making.
-
Race Against Time For US Debt Crisis Bill In Congress
Republican and Democratic leaders scrambled Monday to secure congressional support for a bill aimed at avoiding a catastrophic US debt default -- with just one week left before the government starts running out of money.
-
Biden, McCarthy Confident That Debt-Crisis Deal Will Pass Through Congress
US President Joe Biden and Republican leader Kevin McCarthy said they were confident Sunday of pushing a debt crisis deal through Congress and avoiding a cataclysmic default, despite skepticism from some lawmakers on both sides of the aisle.
-
US Cash Pile At Record Low, Biden And Republicans Agree On Debt Ceiling
US President Joe Biden and Republican lawmakers struck a deal in principle to raise the country's debt ceiling Saturday, in a crucial first step towards eliminating the threat of a disastrous default with just days to spare.
-
Blockchain.com CEO Says US Debt Default Would Hit Cryptocurrencies Initially
A US government default would trigger an initial pull-back from crypto currencies followed by a "push upward" the CEO of London-based crypto firm Blockchain.com said on Thursday.
-
"There Will Be No Default": Joe Biden On US Debt Crisis
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.
-
"Not Going To Fix...": US Rules Out Constitutional Solution To Debt Crisis
President Joe Biden is not planning to invoke the 14th Amendment to prevent a US debt default, the White House said Tuesday, ruling out a constitutional solution to the current debt impasse.
-
How US Debt Default Would Affect Global Economy, Financial Markets
President Joe Biden and Republicans in Congress have resumed crunch talks aimed at averting a damaging US debt default, which Treasury officials recently warned could come as early as June 1.
