US debt ceiling
US projected to hit debt limit in August: Treasury chief
[WASHINGTON] There is a “reasonable probability” the United States will hit its borrowing limit in August when Congress is in recess, Treasury Secretary Scott Bessent said on Friday, calling on lawmak...
Debt ceiling standoff could trigger US rating downgrade
There is a risk that S&P will downgrade its US sovereign rating by another notch, this time from AA+ to AA
US nears government funding deadline, again risking shutdown
LESS than two months after the US federal government narrowly avoided running out of funding, the deeply divided Congress once again faces a tight deadline to approve a new Budget – just one week.
Ukraine left out in cold by US shutdown deal
THE future of US aid for Ukraine hangs in the balance after a last-gasp deal to avoid a government shutdown, despite President Joe Biden’s attempts to reassure Kyiv it will get what it needs to fight ...
US House speaker’s future remains in jeopardy following shutdown deal
THE future of Republican US House Speaker Kevin McCarthy looked in serious jeopardy on Sunday, with hardliners in his own party moving to oust him and Democrats blaming him for bringing the government...
US government readies for imminent shutdown
THE US government began on Thursday to inform workers of an impending shutdown that could see millions of federal employees and military personnel temporarily sent home or working without pay, unless ...
US economy facing headwinds from possible government shutdown: White House
THE US economy is facing headwinds from a possible government shutdown, student debt payments restarting, higher interest rates and an autoworkers’ strike, White House economic adviser Jared Bernstein...
Shutdown looms as US Senate, House take dueling tacks on funding
THE US Senate on Tuesday took a step forward on a bipartisan bill meant to stop the government from shutting down in just five days, while the House sought to push ahead with a conflicting measure bac...
Days from government shutdown, US budget talks threaten Ukraine aid
THE US Congress was running out of time on Tuesday to avoid a partial government shutdown forced by hard-right Republicans, with White House plans to provide another US$24 billion in war aid for Ukrai...
Downgrading of US debt a ‘symbolic act’, with no imminent budget crisis expected
THE unthinkable has now become quite thinkable. Financial markets are no longer shocked by warnings that US democracy might one day become so damaged and dysfunctional that the world’s largest economy...
