The Business Times

US debt ceiling

International

US projected to hit debt limit in August: Treasury chief

In updated forecasts, the Congressional Budget Office said it now expects the federal budget deficit to be US$1.9 trillion in the 2024 fiscal year, which rises to around US$2.0 trillion when accounting for a shift in the timing of certain payments.
Banking & Finance

Debt ceiling standoff could trigger US rating downgrade

Neither the Democratic-controlled Senate or the Republican-led House of Representatives has passed a bill to extend government funding, which expires at midnight on Nov 18.
International

US nears government funding deadline, again risking shutdown

Barely a week after Ukraine President Volodymyr Zelensky was in Washington appealing for more funds, the compromise struck in Congress late Sunday dropped new funding for Ukraine amid opposition from hardline Republicans.
International

Ukraine left out in cold by US shutdown deal

US House Speaker Kevin McCarthy brokered a last-gasp deal late on Saturday to keep the government funded for another 45 days, but right-wing Republicans were furious that it didn’t include the deep spending cuts they demanded.
International

US House speaker’s future remains in jeopardy following shutdown deal

A traffic barrier is seen front of the dome of the US Capitol as a government shutdown looms in Washington, DC on Sept 28, 2023.
International

US government readies for imminent shutdown

White House chief economist Jared Bernstein speaks about the impact of a looming government shutdown with Economic Policy Institute president Heidi Shierholz, in Washington, Sept 27, 2023.
International

US economy facing headwinds from possible government shutdown: White House

The US Senate voted 77-19 to begin debate on a measure that would fund the government through Nov 17.
International

Shutdown looms as US Senate, House take dueling tacks on funding

US stock markets sank more than one per cent on Tuesday amid the prospect for a government shutdown.
International

Days from government shutdown, US budget talks threaten Ukraine aid

Financial markets are no longer shocked by warnings that US democracy might one day soon become so damaged and dysfunctional that the US defaults on its debt.
Global Enterprise
NEWS ANALYSIS

Downgrading of US debt a ‘symbolic act’, with no imminent budget crisis expected

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