Debt Deal

Deficit fight means a shorter weekend for US traders

The 2 August deadline for raising the US debt ceiling is fast approaching and for many financial firms, the next week is much closer.<br /><br /> <br /><br />

Obama raps Congressional Republicans, says Americans 'completely fed up'

President Barack Obama scolded congressional Republicans on Thursday, hours after a fiscal crisis was narrowly averted and called on his opponents to help repair the economic damage caused by a 16-day US government shutdown and a close brush with a debt default.

Washington back at work, as lawmakers launch budget talks

US lawmakers launched an effort to resolve budget differences in a less confrontational fashion on Thursday as Washington picked up the pieces from a political crisis that has slowed the economy and undermined the country's international standing.

Debt deal will extend US borrowing authority till Feb next year

US lawmakers were poised to vote late Wednesday on a bipartisan 11th-hour Senate deal to break the fiscal impasse in Washington and avert a historic debt default.

August 2 is near, what next? US is working on Plan B

An operating plan could spell out if certain federal payments would be delayed or Treasury auctions postponed. Treasury officials had long maintained that prioritising payments was unworkable.

For a change, Americans show interest in policy, back Obama

His popularity rating may not be as high as it used to be. But Obama clearly is getting his rhythm back. When it comes to finding a way out of the current debt gridlock, his theory seems to have struck a chord.