U.S. President Barack Obama on Saturday signed a bill that lifts the country's debt ceiling through March 15, 2015, declaring a halt of the fierce bipartisan contention on the issue in a year of Congressional election.
U.S. Senate on Wednesday approved a bill to extend the country's debt limit into 2015, sending it to President Barack Obama for his signature.
U.S. House of Representatives on Tuesday approved a bill with no provisions attached to extend the limit on the federal government's borrowing authority.
The U.S. Treasury Department will run out of its abilities to pay the nation's debt by Feb. 27, unless Congress takes its responsibility and raises the debt limit, the Treasury Secretary Jacob Lew said on Friday.
With improving economy and rigorous spending cuts, the U.S. federal government will embrace a normal amount of budget deficit in 2014, a congressional report said on Tuesday.
U.S. Treasury Secretary Jacob Lew urged Congress on Monday to lift the debt ceiling without delay, as the government will run out of its borrowing authority on Friday.
Standard & Poor's Ratings Services will not change its rating on China's sovereign debt just because of its recent auditing announcement.
China disclosed its total government debt on Monday and said that debt risk was under control.
Chinese leaders have made cleaning up government debt a crucial task for next year, threatening to tighten fiscal discipline to defend financial stability.
Chinese leaders have made cleaning up government debt a crucial task for next year, threatening to tighten fiscal discipline to defend financial stability.
Some South Korean conglomerates were facing growing liquidity risks amid deepening bipolarization of debt-financing and profit-generating capabilities among companies, a report by the central bank showed Thursday.
New Zealand politicians are facing unprecedented fiscal challenges over coming decades to deal with the country's ageing population, an economic think-tank warned Thursday.
While most global markets rose slightly on Thursday in reaction to the last-minute debt deal in the United States, which prevented the world's biggest economy from default, analysts said emerging markets should not "lay back" amid growing macro-economic challenges and the need for reforms.
The U.S. Senate agreed to a deal early Wednesday afternoon to raise the debt ceiling, but the clock is still ticking toward the looming deadline, as it remains unknown whether the House will vote to avoid the country's first- ever debt default.
The U.S. Senate agreed to a deal early Wednesday afternoon to raise the debt ceiling, but the clock is still ticking toward the looming deadline, as it remains unknown whether the House will vote to avoid the country's first- ever debt default.
Due to the political brinkmanship and uncertainty caused by the lingering fiscal fight between Democrats and Republicans, the U.S. gold-plated sovereign credit rating might be downgraded by other credit rating agencies (CRAs), Jacob Kirkegaard, a senior fellow at the Washington-based Peterson Institute for International Economics, warned Tuesday.
An agreement on the U.S. debt ceiling appeared to be emerging Tuesday after much back and forth between the Democrats and Republicans in Congress, but the battle will likely see round two early next year.
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