Speaker Kevin McCarthy announced at a brief presser on Saturday night that House Republicans and the White House have reached a tentative deal to raise the federal gove
President Joe Biden said a deal to resolve the government’s debt ceiling crisis seemed “very close” late Friday, even as the deadline for a potentially catastrophic def
U.S. President Joe Biden and House Speaker Kevin McCarthy failed to reach an agreement on the debt ceiling on Monday, U.S. media reported. Biden said their talks were "
Every weekend, Asia Pacific Daily will provide you with a run-down of the latest hot news.This week, the following hot news you should know:Top 1 | UN chief calls for '
Finance leaders of the Group of Seven (G7) nations warn about the U.S. debt crisis and urge caution amid mounting global economic uncertainty in a three-day meeting end
Former President Donald Trump's town hall on CNN Wednesday featured no shortage of theatrics, from calling moderator Kaitlin Collins "nasty" to sparking laughs from a s
House Majority Leader Steve Scalise on Sunday urged President Joe Biden to negotiate with Speaker Kevin McCarthy amid the threat of political brinkmanship over raising
willworth biggest bank UBS will take over Credit Suisse for 3.25 billion as part of an effort to restore trust in the global banking system the Swiss government said.
The U.S. government has hit its borrowing limit, known as the debt ceiling.The U.S. Treasury is moving money around to keep the government from defaulting, says Treasur
Every weekend, Asia Pacific Daily will provide you with a run-down of the latest hot news.This week, the following hot news you should know:Top 1 | UK's Northern Irelan
Chinese Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen held a video talk on economic issues Tuesday.The two sides had a pragmatic and candid exchange of v
U.S. Treasury Secretary Janet Yellen warned on Thursday that a European ban on Russian oil and gas imports could harm the global economy.Major European countries includ
Author: Prof. Engr. Zamir Ahmed Awan, Sinologist (ex-Diplomat), Editor, Analyst, Non-Resident Fellow of CCG (Center for China and Globalization), National University o
A cotton harvester is operating in a cotton field near Wujiaqu City, Xinjiang Uygur Autonomous Region, northwest China, October 20, 2021. /VCG. Editor's note:StephenNdegwais a Nairobi-based co
The Senate avoided a debt default on Tuesday — in a unique way.Lawmakers voted 50-49 to raise the debt limit by $2.5 trillion, a figure that’s expected to tide the gove
China and the U.S. agreed to continue to maintain close contact through various means and bring bilateral relations back to the right track of sound and steady developm
The first sign that the G20 summit, which took place over the weekend in Rome, might be defined by contradictions occurred before the summit had even started. Despite p
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