Biden, McCarthy push forward towards deal on US debt ceiling
WASHINGTON, May 17 (Reuters) – President Joe Biden and top U.S. congressional Republican Kevin McCarthy on Wednesday underscored their determination to reach a deal soon...
US debt standoff overshadows G7 finance leaders’ meeting
Japan says G7 may discuss U.S. debt crisis, ready to respond Biden warns of U.S. recession unless ceiling raised quickly G7 to debate ways to...
Stocks slip as US consumer confidence slumps, dollar gains
[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 11, 2023. REUTERS/Brendan McDermid US consumer...
Yellen: Still uncertainty about when Treasury will run out of cash
NIIGATA, Japan, May 12 (Reuters) – Treasury Secretary Janet Yellen said there was still uncertainty about exactly when Treasury would run out of cash to...
JPMorgan CEO Dimon says bank is convening a ‘war room’ on debt ceiling
NEW YORK, May 11 (Reuters) – JPMorgan Chase & CO (JPM.N) CEO Jamie Dimon said on Thursday the bank is convening weekly meetings to discuss...
Fed’s Kashkari says tight monetary policy may be needed for ‘extended’ time
May 11 (Reuters) – An extended period of high interest rates and an inverted yield curve could put more stress on banks, but would be...
Yellen warns of ‘constitutional crisis’ if Congress fails to act on debt
WASHINGTON, May 7 (Reuters) – U.S. Treasury Secretary Janet Yellen on Sunday issued a stark warning that a failure by Congress to act on the...
Europeans drain billions from banks, fed up with shrinking savings
LONDON/DUBLIN, May 4 (Reuters) – European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up...
Gold steadies after Fed-driven run to near-all-time peak
Gold still has prospects to rise further – analyst ECB’s interest rate decision due at 1215 GMT Lofty prices tarnish gold’s lustre in top Asian...
US may default on June 1 without debt ceiling hike; Biden, McCarthy to meet
WASHINGTON, May 1 (Reuters) – U.S. President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the...