debt
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News
US Congress approves debt-limit suspension, averting default
WASHINGTON:Â The US Senate on Thursday (Jun 1) passed bipartisan legislation backed by President Joe Biden that lifts the government’s US$31.4…
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News
Biden and McCarthy finalise US debt deal, say confident it will pass
WASHINGTON:Â President Joe Biden and Republican leader McCarthy said on Sunday (May 28) that a final bipartisan deal to raise the…
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News
Race for US debt deal as talks go to the wire
WASHINGTON: Democrats and Republicans seemed within grasping distance Saturday (May 27) of a deal to end the US debt ceiling…
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News
IMF slightly lifts US 2023 growth forecast
“DOUBLE-EDGED SWORD” The IMF’s new US forecast follows recent data which indicates a resilient economy in spite of an aggressive…
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Asia
Sri Lanka confident of meeting September deadline for debt talks
COLOMBO: Sri Lanka is confident of meeting its September deadline on completing debt restructuring talks with creditors, a top official…
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News
US debt crisis: Biden vows ‘no default’
MILITARY READINESS Economists have spent months raising the prospect of economic catastrophe should the government default, and top military brass…
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News
Biden, McCarthy meeting ends with no deal on debt ceiling
WASHINGTON: US President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement on Monday (May 22) on…
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News
How damage from a US debt default could cascade across the global economy
Treasurys are widely used as collateral for loans, as a buffer against bank losses, as a haven in times of…
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News
US debt talks at impasse as both sides trade barbs
With the Treasury Department warning that the US government could run out of money as early as Jun 1 –…
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Asia
India extends US$1 billion credit line for Sri Lanka by a year
COLOMBO: India has extended a US$1 billion credit line for Sri Lanka by one year, a Sri Lankan official told…
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