Moody’s turns negative on US credit rating, draws Washington ire
NEW YORK/WASHINGTON, Nov 10 (Reuters) – Moody’s on Friday lowered its outlook on the U.S. credit rating to “negative” from “stable” citing large fiscal deficits...
US Senate races ahead of House on spending bills, aims to avoid gov’t shutdown
WASHINGTON, Sept 5 (Reuters) – Top Democrats in the U.S. Senate will look to gain the upper hand over House Republicans in talks over government...
Analysis: Debt ceiling deal ignores US debt time bomb
WASHINGTON, June 5 (Reuters) – Republicans and Democrats are touting a hastily-written debt ceiling deal that staves off a devastating U.S. default, but does little...
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...
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...
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...
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...
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...
US prepares new rules on investment in technology abroad- WSJ
March 3 (Reuters) – The Treasury Department is preparing a new program that could prohibit U.S. investment in certain sectors of adversarial nations, the Wall...