Biden and McCarthy are projecting optimism, but there's still no debt limit deal
The clock is ticking for President Joe Biden and House Speaker Kevin McCarthy to come to agreement to avoid a first-ever default on the nation's debt. And although there are some positive signs suggesting they're closer to a consensus, there is still no deal.
2023-05-23 17:16
Indian banks start exchanging withdrawn 2,000-rupee notes
The 2,000-rupee notes have been withdrawn, sparking concerns and confusion.
2023-05-23 14:57
UK records 25.6 billion pound budget deficit in April
LONDON (Reuters) -Britain recorded a budget deficit of 25.56 billion pounds ($32.26 billion) in April, the Office for National Statistics
2023-05-23 14:28
Singapore's April core inflation rises 5%, beating forecast
SINGAPORE Singapore's key consumer price gauge rose 5% in April, higher than forecast, official data showed on Tuesday.
2023-05-23 13:19
Debt ceiling deal: The sticking points holding things up
President Biden and US lawmakers are trying to hash out a deal ahead of a 1 June debt ceiling deadline.
2023-05-23 05:17
Yellen warns Congress again that default could be just days away
Treasury Secretary Janet Yellen reinforced her warning to Congress that it has only a little time left to address the debt ceiling before the nation defaults on its obligations.
2023-05-23 04:54
Buy the dip? If the debt ceiling isn't resolved soon, markets will likely slide
If the United States defaults on its debt, it would be catastrophic for the economy. Millions of jobs would be impacted, the cost of borrowing money would skyrocket and government benefits many people rely wouldn't be sent on time.
2023-05-23 03:28
JPMorgan commercial bank expands startup focus with new hires
By Nupur Anand and Lananh Nguyen NEW YORK JPMorgan Chase & Co is beefing up its commercial banking
2023-05-23 02:48
Why we may need a stock market plunge to solve the debt ceiling crisis
Wall Street is taking a no-worries attitude about the ticking time bomb in Washington that threatens to blow up the world economy. That might be a problem.
2023-05-23 01:15
Get up to speed on the US debt drama
House Republicans are insisting on spending cuts before they will agree to raise the nation's debt ceiling past $31 trillion.
2023-05-22 19:58
Debt ceiling woes could kill dealmaking on Wall Street
Mergers and acquisitions are Wall Street's bread and butter. When companies combine, or one company buys another, it creates opportunities for investors and banks to make money by providing advice or finance for the transaction.
2023-05-22 19:49
Janet Yellen reaffirms June 1 as hard deadline to raise the debt ceiling
Treasury Secretary Janet Yellen reaffirmed June 1 as the "hard deadline" for the US to raise the debt ceiling or risk defaulting on its obligations.
2023-05-21 23:57