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...
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...
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...
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...
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...
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...
Dollar gains, euro dips after cautious ECB
SINGAPORE, May 4 (Reuters) – The dollar rose on Thursday against the euro after the European Central Bank eased its pace of rate hikes, a...
How a US debt crisis standoff could cause a recession – a bad one
WASHINGTON, May 3 – A fight between Republicans and Democrats over the debt limit ceiling could send the U.S. economy into a recession even if...
EU plans to prevent taxpayer cash being used to save failing banks
April 18 (Reuters) – The European Union on Tuesday proposed making it harder for states to pour billions of euros of aid into an ailing...