Resolve debt limit dispute or no pay for U.S. lawmakers, House Democrat says
By Moira Warburton WASHINGTON Lawmakers in the U.S. Congress should have their pay frozen until the fight over
2023-05-13 01:17
Here's how the 14th Amendment factors into the debt ceiling debate
As the stalemate over addressing the debt ceiling continues and the threat of default looms larger, President Joe Biden has resurfaced the controversial idea of using the 14th Amendment as a way to lift the borrowing cap without Congress.
2023-05-12 21:27
The real reasons stores are closing in big cities
Nordstrom, Whole Foods and other big chains have closed stores in major US cities recently, raising alarm about the future of retail in some the country's most prominent downtowns.
2023-05-12 19:49
Why current US recession warnings are unlike all the others
Economic experts are once again ringing the alarm bells over an imminent downturn. A US recession is coming, they say, in the second half of 2023. That time frame begins less than three weeks from now.
2023-05-12 19:45
Analysis-Jet orders boom as airlines fear shortage
By Tim Hepher PARIS Planemakers can't build them but airlines can't stop buying them. Even as they wrestle
2023-05-12 18:53
AngloGold shifts primary listing to US, completing S.Africa exit
By Nelson Banya and Felix Njini (Reuters) -Miner AngloGold Ashanti will move its primary listing to New York from the
2023-05-12 18:45
Yellen says most U.S. banks would be able to pay off uninsured depositors
NIIGATA, Japan Most U.S. banks, including those whose share prices are under pressure, would be able to pay
2023-05-12 16:17
Singapore central bank chief Menon re-appointed for 2 more years
(Repeats to add update to tagline. Text unchanged) SINGAPORE (Reuters) -Singapore's central banker Ravi Menon has been re-appointed in his
2023-05-12 16:00
Here's how we know a US default would be an economic disaster
In CNN's town hall with Donald Trump on Wednesday, the former president said a US default on its debt may be "psychological" and that it "could be nothing" or perhaps just "a bad week or a bad day."
2023-05-12 05:20
White House takes signature law off negotiating table in early spending, debt ceiling talks
The White House is drawing its battle lines.
2023-05-12 04:52
JPMorgan Chase CEO Jamie Dimon says Trump doesn't understand the debt ceiling
JPMorgan Chase CEO Jamie Dimon sharply criticized former President Donald Trump on Thursday, saying the 2024 presidential candidate doesn't understand the debt ceiling and what is at stake. It is just "one more thing he doesn't know very much about," Dimon told Bloomberg Television.
2023-05-12 02:54
As PacWest shares dive, are we seeing the 2008 financial crisis all over again?
If the current banking crisis looks like '08, sounds like '08 and feels like '08, is it '08 all over again? Using abductive reasoning, the answer is yes.
2023-05-12 01:52