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...
The end of King Dollar? The forces at play in de-dollarisation
[1/2] A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao LONDON, May 25 (Reuters) – Rivalry with...
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...
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...
Biden’s budget vs. Republican debt ceiling bill on spending, deficits, taxes
WASHINGTON, May 15 (Reuters) – President Joe Biden’s administration and Republicans in the U.S. Congress are in talks to end their standoff over raising the...
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...
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...