Debt Default
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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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"Big Win For Americans": Biden On Debt Deal That Averts First-Ever Default
US President Joe Biden welcomed Thursday's vote by the Senate to raise the national debt limit through 2024 and avert a first ever default as a "big win" for Americans.
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How US Debt Default Would Affect Global Economy, Financial Markets
President Joe Biden and Republicans in Congress have resumed crunch talks aimed at averting a damaging US debt default, which Treasury officials recently warned could come as early as June 1.
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US Speaker Kevin McCarthy Says Debt Ceiling Talks 'Productive', But No Deal
A top US Republican on Monday said his first one-on-one talks in months with President Joe Biden to avert a calamitous debt default were "productive" but that there was still no deal.
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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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"Confident" In Reaching Deal To Avert US Debt Default, Says Joe Biden
President Joe Biden said Wednesday he is confident a deal can be reached with Republicans leaders to avert a potentially catastrophic US debt default as early as June 1.
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Joe Biden Warns Of "Catastrophic" Consequences On Economy If US Defaults
President Joe Biden's administration again warned Sunday of "catastrophic" consequences for the US economy if the country defaults, as negotiations with Republicans over a debt deal are expected to resume in the week ahead.
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US Debt Default Would Have 'Very Serious' Global Repercussions: IMF
The International Monetary Fund warned Thursday of severe consequences if the US defaults on its debt, ahead of a rapidly-approaching deadline for the country to raise or suspend its borrowing limit.
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Default Fuels Uncertainty, Stock Drop in Argentina
Argentina entered economic limbo Thursday, forced into a default that could undermine an already frail economy if a dispute with US creditors is not resolved soon.
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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.
-
"Big Win For Americans": Biden On Debt Deal That Averts First-Ever Default
US President Joe Biden welcomed Thursday's vote by the Senate to raise the national debt limit through 2024 and avert a first ever default as a "big win" for Americans.
-
How US Debt Default Would Affect Global Economy, Financial Markets
President Joe Biden and Republicans in Congress have resumed crunch talks aimed at averting a damaging US debt default, which Treasury officials recently warned could come as early as June 1.
-
US Speaker Kevin McCarthy Says Debt Ceiling Talks 'Productive', But No Deal
A top US Republican on Monday said his first one-on-one talks in months with President Joe Biden to avert a calamitous debt default were "productive" but that there was still no deal.
-
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.
-
"Confident" In Reaching Deal To Avert US Debt Default, Says Joe Biden
President Joe Biden said Wednesday he is confident a deal can be reached with Republicans leaders to avert a potentially catastrophic US debt default as early as June 1.
-
Joe Biden Warns Of "Catastrophic" Consequences On Economy If US Defaults
President Joe Biden's administration again warned Sunday of "catastrophic" consequences for the US economy if the country defaults, as negotiations with Republicans over a debt deal are expected to resume in the week ahead.
-
US Debt Default Would Have 'Very Serious' Global Repercussions: IMF
The International Monetary Fund warned Thursday of severe consequences if the US defaults on its debt, ahead of a rapidly-approaching deadline for the country to raise or suspend its borrowing limit.
-
Default Fuels Uncertainty, Stock Drop in Argentina
Argentina entered economic limbo Thursday, forced into a default that could undermine an already frail economy if a dispute with US creditors is not resolved soon.
