Stock prices in the United States, Asia, and Europe declined in Monday’s trading, as investors waited to find out whether President Barack Obama and U.S. congressional leaders would reach agreement on raising the federal debt limit. The benchmark U.S. index was down half a percent, London’s FTSE fell three-tenths of a percent, while Japan’s NIKKEI […]
World Markets Await US Debt Deal
Posted July 25th, 2011 at 5:20 am (UTC-5)
Stock markets in the Asia-Pacific region fell in trading Monday, as investors waited to find out whether U.S. President Barack Obama and congressional leaders would reach agreement on raising the federal debt limit. In Tokyo, the Nikkei average closed down eight-tenths of a percent after a three-day run of gains last week. Hong Kong’s Hang […]
US Congressional Democrats, Republicans Write Separate Debt-Ceiling Plans
Posted July 25th, 2011 at 2:40 am (UTC-5)
U.S. Senate and House of Representatives leaders are preparing separate backup plans to raise the federal debt limit after Congress and the White House failed to come up with a bipartisan agreement Sunday. The leader of the majority party in the House, John Boehner, called Sunday on his fellow Republicans to support what he called […]
World Markets Await US Debt Deal
Posted July 24th, 2011 at 9:35 pm (UTC-5)
Stock markets in the Asia-Pacific region fell in early trading Monday, as investors waited to find out whether U.S. President Barack Obama and congressional leaders would reach agreement on raising the federal debt limit. In Tokyo, the Nikkei average was down, after a three-day run of gains last week. Shares in Seoul and Sydney also […]
US Leaders Seek Debt Reduction Accord
Posted July 24th, 2011 at 7:50 pm (UTC-5)
With a deadline fast approaching, the White House and U.S. congressional leaders are continuing efforts to reach an agreement that will prevent the world’s richest nation from defaulting on its debt. The leader of the majority party in the House of Representatives, John Boehner, called Sunday on his fellow Republicans to support what he called […]
Top Senate Democrat: Republicans Not Compromising on Debt Crisis
Posted July 24th, 2011 at 8:00 am (UTC-5)
U.S. Senate Majority Leader Harry Reid has accused Republican lawmakers of pushing the United States to the “brink of default,” by resisting compromise in high-stakes budget talks. In a statement following an urgent meeting late Saturday with congressional leaders, Reid said he will only accept a deal that raises the U.S. $14.3 trillion debt ceiling […]
Top Senate Democrat: Republicans Not Compromising on Debt Crisis
Posted July 24th, 2011 at 2:20 am (UTC-5)
U.S. Senate Majority Leader Harry Reid has accused Republican lawmakers of pushing the United States to the “brink of default,” by resisting compromise in high-stakes budget talks. In a statement following an urgent meeting late Saturday with congressional leaders, Reid said he will only accept a deal that raises the U.S. $14.3 trillion debt ceiling […]
US Lawmakers Hold Urgent Talks to Avoid Debt Default
Posted July 23rd, 2011 at 7:40 pm (UTC-5)
U.S. congressional leaders are holding urgent talks aimed at averting a default on the U.S. debt, by raising the country’s $14.3 trillion debt ceiling. Congressional sources say lawmakers hope to show progress by 4 p.m. local time Sunday, shortly before Asian financial markets open, on a plan to raise the debt ceiling. On Saturday, U.S. […]
Obama: Congress Must “Do Its Job” on Debt Ceiling
Posted July 23rd, 2011 at 5:30 pm (UTC-5)
U.S. President Barack Obama has urged Congress to “do its job” and avoid letting the country default on its debts, after holding a short meeting with senior lawmakers Saturday at the White House. The White House says Mr. Obama restated his opposition to a short-term extension of the national debt ceiling, because he said it […]
Obama: Congress Must “Do Its Job” on Debt Ceiling
Posted July 23rd, 2011 at 4:55 pm (UTC-5)
U.S. President Barack Obama has urged Congress to “do its job” and avoid letting the country default on its debts, after holding a short meeting with senior lawmakers Saturday at the White House. The White House says Mr. Obama restated his opposition to a short-term extension of the national debt ceiling, because he said it […]
