Risks lie ahead for US credit standing after tentative debt ceiling deal
NEW YORK, May 30 (Reuters) – News of a debt ceiling agreement still leaves uncertainties on the U.S. credit outlook, analysts said, in addition to...
US Congress averts historic default, approves debt-limit suspension
WASHINGTON, June 1 (Reuters) – The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government’s $31.4 trillion debt...
U.S. consumer outlook dims as upscale retailers, discounters slash forecasts
June 1 (Reuters) – Weak profit forecasts from department store chain Macy’s (M.N) to discounter Dollar General (DG.N) on Thursday underscored the fragile health of...
Credit Suisse bankers leaving by the hundreds every week
ZURICH, May 31 (Reuters) – Hundreds of Credit Suisse (CSGN.S)’s employees are resigning each week in a sign of uncertainty gripping the lender while it...
US corporate debt binge could be hard to sustain
NEW YORK, June 1 (Reuters) – Large U.S. companies have been on a bond issuance binge but this rapid pace in supply may be hard...
Republicans speak out against US debt-ceiling deal, in sign of rocky road ahead
WASHINGTON, May 29 (Reuters) – A handful of hard-right Republican lawmakers said on Monday they would oppose a deal to raise the United States’ $31.4...
Exclusive: From Russia with gold: UAE cashes in as sanctions bite
LONDON, May 25 (Reuters) – The United Arab Emirates has become a key trade hub for Russian gold since Western sanctions over Ukraine cut Russia’s...
Treasury confirms U.S. default as early as June 1 without debt ceiling hike
WASHINGTON, May 22 (Reuters) – The U.S. Treasury Department reiterated Monday it expects to be able to pay the U.S. government’s bills only through June...
Inflation has eroded US households’ financial security, Fed survey shows
[1/2] A man arranges produce at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo May...
Democratic senators urge Biden to use 14th Amendment to avoid debt default
[1/6] U.S. Senator Bernie Sanders, joined by Senators Jeff Merkley (D-OR), Edward Markey (D-MA), John Fetterman (D-PA), and Peter Welch (D-VT), speaks at a press...