Debt Crisis
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As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.
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IMF Resumes $2.9 Loan Billion Bailout For Sri Lanka
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.
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Explained: The Funding Bill That Attempts To Avert US Government Shutdown
The US Senate on Tuesday introduced a short-term funding bill to avert a partial government shutdown that can result in thousands of federal workers losing jobs.
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Race Against Time For US Debt Crisis Bill In Congress
Republican and Democratic leaders scrambled Monday to secure congressional support for a bill aimed at avoiding a catastrophic US debt default -- with just one week left before the government starts running out of money.
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Biden, McCarthy Confident That Debt-Crisis Deal Will Pass Through Congress
US President Joe Biden and Republican leader Kevin McCarthy said they were confident Sunday of pushing a debt crisis deal through Congress and avoiding a cataclysmic default, despite skepticism from some lawmakers on both sides of the aisle.
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"There Will Be No Default": Joe Biden On US Debt Crisis
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.
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"Not Going To Fix...": US Rules Out Constitutional Solution To Debt Crisis
President Joe Biden is not planning to invoke the 14th Amendment to prevent a US debt default, the White House said Tuesday, ruling out a constitutional solution to the current debt impasse.
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US Debt Ceiling Talks Halted Over ''Serious Differences'' As Default Deadline Inches Closer
The US faces a deadline as soon as June 1 to raise the country's borrowing limit, now at $31 trillion, to keep paying the nation's bills.
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India Writes To IMF Supporting Sri Lanka's Debt Restructuring Plan: Report
New Delhi's backing comes at a critical time for Sri Lanka as it has to put its massively indebted public finances in order to unlock the IMF loan that was agreed in September.
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Sri Lanka Crisis Will Last At Least 2 More Years, Says Government
Sri Lanka will have to endure its unprecedented economic hardships for at least two more years, the country's finance minister said Wednesday while warning of an imminent cash crunch.
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China Turns Its Back On Sri Lanka Amid Massive Economic Crisis: Report
China refused to assist Sri Lanka which appealed to reschedule its huge Chinese debt burden in the face of the Covid-19 outbreak that has adversely affected the tourism sector, said a media report.
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European Union Can't Let Greece Plunge Into 'Chaos' In Refugee Crisis: Angela Merkel
German Chancellor Angela Merkel said Sunday that the EU cannot allow Greece, a country bailed out from its huge debt crisis, to plunge into "chaos" by shutting European borders to refugees.
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Angela Merkel Named TIME's 'Person of the Year 2015', Baghdadi Second
Time magazine today named German Chancellor Angela Merkel as its "Person of the Year 2015," hailing her leadership for navigating debt and refugee crises that threatened to tear the European Union apart.
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John Kerry Confident Greece Will Keep Up Reform Effort
The US Secretary of State says he expects Greece's government will keep on track with reforms needed to revive its crisis-battered economy, and has offered Washington's support in the task.
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Germany Gained 100 Billion Euros From Greece Crisis: Study
Germany, which has taken a tough line on Greece, has profited from the country's crisis to the tune of 100 billion euros (109 billion US dollars), according to a new study today.
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As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.
-
IMF Resumes $2.9 Loan Billion Bailout For Sri Lanka
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.
-
Explained: The Funding Bill That Attempts To Avert US Government Shutdown
The US Senate on Tuesday introduced a short-term funding bill to avert a partial government shutdown that can result in thousands of federal workers losing jobs.
-
Race Against Time For US Debt Crisis Bill In Congress
Republican and Democratic leaders scrambled Monday to secure congressional support for a bill aimed at avoiding a catastrophic US debt default -- with just one week left before the government starts running out of money.
-
Biden, McCarthy Confident That Debt-Crisis Deal Will Pass Through Congress
US President Joe Biden and Republican leader Kevin McCarthy said they were confident Sunday of pushing a debt crisis deal through Congress and avoiding a cataclysmic default, despite skepticism from some lawmakers on both sides of the aisle.
-
"There Will Be No Default": Joe Biden On US Debt Crisis
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.
-
"Not Going To Fix...": US Rules Out Constitutional Solution To Debt Crisis
President Joe Biden is not planning to invoke the 14th Amendment to prevent a US debt default, the White House said Tuesday, ruling out a constitutional solution to the current debt impasse.
-
US Debt Ceiling Talks Halted Over ''Serious Differences'' As Default Deadline Inches Closer
The US faces a deadline as soon as June 1 to raise the country's borrowing limit, now at $31 trillion, to keep paying the nation's bills.
-
India Writes To IMF Supporting Sri Lanka's Debt Restructuring Plan: Report
New Delhi's backing comes at a critical time for Sri Lanka as it has to put its massively indebted public finances in order to unlock the IMF loan that was agreed in September.
-
Sri Lanka Crisis Will Last At Least 2 More Years, Says Government
Sri Lanka will have to endure its unprecedented economic hardships for at least two more years, the country's finance minister said Wednesday while warning of an imminent cash crunch.
-
China Turns Its Back On Sri Lanka Amid Massive Economic Crisis: Report
China refused to assist Sri Lanka which appealed to reschedule its huge Chinese debt burden in the face of the Covid-19 outbreak that has adversely affected the tourism sector, said a media report.
-
European Union Can't Let Greece Plunge Into 'Chaos' In Refugee Crisis: Angela Merkel
German Chancellor Angela Merkel said Sunday that the EU cannot allow Greece, a country bailed out from its huge debt crisis, to plunge into "chaos" by shutting European borders to refugees.
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Angela Merkel Named TIME's 'Person of the Year 2015', Baghdadi Second
Time magazine today named German Chancellor Angela Merkel as its "Person of the Year 2015," hailing her leadership for navigating debt and refugee crises that threatened to tear the European Union apart.
-
John Kerry Confident Greece Will Keep Up Reform Effort
The US Secretary of State says he expects Greece's government will keep on track with reforms needed to revive its crisis-battered economy, and has offered Washington's support in the task.
-
Germany Gained 100 Billion Euros From Greece Crisis: Study
Germany, which has taken a tough line on Greece, has profited from the country's crisis to the tune of 100 billion euros (109 billion US dollars), according to a new study today.
