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House re-elects John Boehner as speaker over tea party opposition
Fp Archives •The US House of Representatives has re-elected John Boehner to be speaker in the new Republican-led Congress, despite opposition by conservative tea party lawmakers that underscored party divisions.
10 things you should know about the US debt ceiling
Vivek •Given that, it is important to understand what the debt ceiling really means and how it can impact the whole world.
White House signals possible debt ceiling fix, markets jittery
Choudhury •The White House indicated it could support a temporary increase to the nation's borrowing limit.
US moves closer to possible debt default as shutdown enters day 6
Fp Archives •The United States moved closer to the possibility of the first-ever default on the government's debt as Speaker John Boehner adamantly ruled out a House vote on a straightforward bill to boost the borrowing authority without concessions from President Barack Obama.
US govt shutdown: Wall Street should be worried, Obama tells CNBC
Choudhury •Obama went on CNBC for a reason. He was intentionally reaching out to Wall Street to put heat on the House Republicans by saying the political stalemate in Washington could have profound effects on the economy.
Obama for bipartisan solution to fiscal cliff problem
Fp Archives •US President Barack Obama is hoping for a bipartisan solution to protect the middle class from an automatic tax hike in the absence of a budget deal.
Hopes for 'fiscal cliff' deal rise as Obama, Boehner meet
Fp Archives •The differences over how to resolve the "fiscal cliff" narrowed significantly Monday night as President Barack Obama made a counter-offer to Republicans that included a major change in position on tax hikes for the wealthy
Despite Obama's appeals, Congress is back to sparring over 'fiscal cliff'
Fp Archives •Amid promises not to draw lines in the sand, congressional leaders did just that, staking out well-worn bargaining positions despite President Barack Obama's appeals for compromise after his election victory.
Obama refuses to back down on payroll tax fight with Republicans
Fp Archives •The American President demanded on Tuesday that Republicans in the House of Representatives pass a short-term extension of a payroll tax cut.
US lurches a day closer to default as debt talks collapse
Fp Archives •Bitter politics forced a breakdown of US debt ceiling talks on Friday, pushing the world's largest economy ever so closer to a ruinous default.