Yellen warns bank CEOs of 'severe' economic consequences if debt ceiling isn't addressed
During a meeting with more than two dozen bank CEOs on Thursday, Treasury Secretary Janet Yellen stressed the urgent need for Congress to address the debt ceiling, according to a readout of the meeting from the Treasury Department.
2023-05-19 04:22
Yellen reaffirms strength of US banking system in meeting with bank CEOs -Treasury
WASHINGTON U.S. Treasury Secretary Janet Yellen reaffirmed the strength and soundness of the country's banking system in a
2023-05-19 03:49
McCarthy and Schumer optimistic about the state of debt talks
Two days after his second recent meeting in the Oval Office to discuss raising the debt ceiling, House Speaker Kevin McCarthy sounded positive about the direction of debt limit talks, telling CNN he sees how they can get to a deal and that he wants a bill on the floor next week.
2023-05-19 03:24
US VP Harris, economic adviser Brainard warn of recession if debt default occurs
WASHINGTON Vice President Kamala Harris and President Joe Biden's top economic adviser, Lael Brainard, said on Thursday that
2023-05-19 01:46
Group of Senate Democrats to Biden: Use 14th Amendment to avoid debt default
WASHINGTON A group of U.S. Senate Democrats including Bernie Sanders and Elizabeth Warren urged President Joe Biden in
2023-05-19 01:21
Schumer gives U.S. senators 24-hour return notice as debt talks proceed
WASHINGTON U.S. Senate Majority Leader Chuck Schumer said on Thursday that lawmakers from his chamber should be ready
2023-05-19 01:21
Explainer-Debt ceiling standoff: What happens if Washington falls behind on its bills?
By Jason Lange WASHINGTON The U.S. government could fall behind on its bills next month - and even
2023-05-18 18:27
Factbox-Biden, McCarthy debt ceiling deal - what's in, what's out
WASHINGTON U.S. President Joe Biden and House of Representatives Speaker Kevin McCarthy, the top Republican in Washington, hope
2023-05-18 18:26
U.S. Democrats warn Biden against toughening aid for the poor
By Richard Cowan and Leah Douglas WASHINGTON Democrats in the U.S. Congress expressed frustration with President Joe Biden's
2023-05-18 18:22
Debt restructuring no panacea for Chinese developers as challenges loom
By Clare Jim and Xie Yu HONG KONG A shrinking land bank and sluggish property demand are likely
2023-05-18 16:20
Six Pacific countries at high risk of debt distress - World Bank
WELLINGTON Six Pacific countries are at a high risk of debt distress in part due to government spending
2023-05-18 13:58
Biden administration proposes new rule to prevent students from incurring crippling debt at for-profit colleges
The Biden administration proposed a new rule Wednesday meant to prevent students from taking on an unaffordable amount of student loan debt to attend for-profit colleges and certificate programs at nonprofit colleges.
2023-05-18 07:19