Here's what's in the debt ceiling deal
After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in principle to raise the debt ceiling and cap spending.
2023-05-28 19:23
Lufthansa’s Italian Job Means Overcoming Alitalia’s Lost Decades
Deutsche Lufthansa AG is about to embark on a tough journey to pull off a quick turnaround of
2023-05-28 17:23
Most Thais Concerned of New Government Formation After Election, Survey Shows
The majority of Thais are concerned the nation’s next prime minister won’t hail from the Move Forward Party,
2023-05-28 15:15
'Succession' fans brace for series finale of Emmy-winning hit drama
The critically acclaimed HBO drama “Succession” ends Sunday after its fourth and final season finale airs at 9 p.m. ET
2023-05-28 12:59
Analysis-Why a US debt deal may only provide short-term relief for markets
By Shankar Ramakrishnan, Davide Barbuscia, Saeed Azhar and Laura Matthews Good news of a tentative deal for the
2023-05-28 12:27
Biden and McCarthy race to sell their debt ceiling deal to lawmakers before the government runs out of money
The "agreement in principle" clinched by House Republicans and the White House late Saturday to raise the nation's borrowing limit was the culmination of mad-dash negotiations over the course of the past week that regularly stretched late into the night.
2023-05-28 12:19
Debt ceiling deal reached between Biden and McCarthy
President Joe Biden and House Speaker Kevin McCarthy have reached a tentative agreement to avert a catastrophic and unprecedented default on America’s sovereign debt, ending a monthlong standoff that threatened the US and global economies. The White House said Mr Biden and Mr McCarthy spoke by phone for roughly 90 minutes late Saturday. The president also spoke with Democratic congressional leaders as the talks between the White House and the Republicans who control the House of Representatives entered final stages after days of back-and-forth over GOP demands to add work requirements for food assistance and other programs meant to help lower-income Americans. One source familiar with the matter described the president and the House Speaker as having come to an “agreement in principle” that would limit federal spending while raising the nation’s statutory debt limit by an amount large enough to keep the issue off the table through the November 2024 general election. More follows...
2023-05-28 09:27
US debt ceiling: Negotiators agree a deal in principle, McCarthy says
The White House and the Republicans are now said to be ironing out details of a bill to avert a default.
2023-05-28 09:17
Debt limit negotiators race the clock to finalize debt deal as risk of default grows
White House and House GOP negotiators are racing to finalize a deal to raise the nation's debt limit as early as Saturday with time running perilously short and the risk of a first-ever US default growing.
2023-05-27 20:57
Why it's so hard to pinpoint the X-date, when the US defaults
For weeks, Treasury Secretary Janet Yellen has been consistently telling lawmakers to act soon because the X-date, when the US could default, could occur as soon as June 1. Now, with June 1 days away, everyone is hoping for a reprieve and that the X-date will slip.
2023-05-27 20:28
British Airways Resumes Schedule Though New Travel Delays Emerge
British Airways Plc resumed its normal schedule after solving a technology issue that had led to two days
2023-05-27 19:59
Last-Minute Green Deal Hiccups Expose EU Concerns Over Political Costs
Leaders and companies in Europe’s biggest markets are increasingly balking at the ambitious pace of the continent’s green
2023-05-27 14:21