Deficit fight means a shorter weekend for US traders
Fp Archives • 14 years agoThe 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'
Fp Archives • 12 years agoPresident 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
Fp Archives • 12 years agoUS 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
Fp Archives • 12 years agoUS 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
Fp Archives • 14 years agoAn 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
Fp Archives • 14 years agoHis 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.