Obama Debt Deal

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  Barack Obama To Sign Puerto Rico Debt Bill On Thursday: White House

  President Barack Obama is set to sign into law a relief plan to help Puerto Rico address its $70 billion debt, the White House said.

• US Senate leaders 'very close' to fiscal deal, says aide

  US Senate negotiations on legislation to raise the country's debt limit and reopen government agencies are nearing completion and a deal could be announced soon, a senior Senate Democratic aide said on Wednesday.

• US shutdown: White House rejects latest proposal by House Republicans over debt ceiling deal

  The White House says the latest proposal from House Republican leaders for reopening the government and extending the nation's borrowing cap is a partisan effort to appease tea party conservatives. It praises bipartisan negotiations in the Senate as a good-faith effort to end the partial government shutdown and avoid an economy-shaking default.

• US shutdown: Senate and House of Representatives closing in on funding, debt deals

  Leaders in the House of Representatives and Senate were negotiating separate but similar plans today to reopen the US government and prevent a default on American debt that economists say could tip the global economy back into recession.

• US government shutdown: Obama hopeful as fiscal meeting nears with top lawmakers

  President Barack Obama said lawmakers appear to have made progress on a deal to reopen the government and avert a looming default on Monday as he prepared to meet congressional leaders with a Thursday deadline drawing near.

• US shutdown: Barack Obama to consider Republican debt limit offer

  The White House said that President Barack Obama would consider signing a short-term deal raising the debt ceiling, depending on the details of what Republican lawmakers propose.

• Wall Street rallies on hopes of US debt deal

  US stocks rallied on Thursday, with the major stock indices rising more than 1 per cent on signs of progress in negotiations to raise the US debt limit just a week before deadline.

• Frozen by shutdown, US warns of 'catastrophic' default

  The US Treasury meanwhile warned of "catastrophic" consequences if there is no deal within weeks to raise the country's debt ceiling, and the IMF chief said navigating a way out of that next crisis was "mission critical."

• Americans think government could harm economy: poll

  Last week's "fiscal cliff" deal did little to ease fears among Americans that Washington could harm the U.S. economy or their personal finances in the months to come, according to a Reuters/Ipsos poll released on Monday.

• Obama wants action on government's borrowing limit

  President Barack Obama is hailing a last-minute deal that pulled the country back from the "fiscal cliff," but warned that he "will not compromise" over his insistence that Congress lift the federal debt ceiling.

• 'Fiscal cliff' deal looks so-so for US businesses on taxes

  The "fiscal cliff" deal that slowly, painfully took shape in the U.S. Congress in recent days fulfills some of corporate America's tax policy goals, but leaves others unmet, including a big one - meaningful deficit and debt reduction.

• With final vote, US Congress resolves 'fiscal cliff' drama

  The battle over the US "fiscal cliff" came to an end on Tuesday as the House of Representatives gave its final approval of a bipartisan deal meant to prevent Washington from pushing the world's biggest economy into recession.

• Debt limit gives Republicans leverage, President Obama demands fix

  The government is on track to hit its $16.4 trillion borrowing limit later this month. And while the Treasury can keep the government functioning through early next year, President Barack Obama is bluntly insisting that any deal on the fiscal cliff include an end to brinkmanship on the debt ceiling.

• Oil falls below $97 as Greece debt raises concerns

  Oil prices fell Monday as talks stalled on a Greek debt deal needed to avoid a disastrous default

• Asian markets jump as Obama announces US debt deal

  Asian stock markets jumped Monday after President Barack Obama announced a last-minute agreement to raise the government's debt limit and avoid a default. Republican and Democratic leaders Sunday hashed out the details of a deal that would cut more than $2 trillion of federal spending over the next decade, but no votes are expected in eithe...