US debt increases to $17 trillion

The public debt of United States has increased to a whopping USD 17 trillion after the Congress increase the debt ceiling this week.

‘I will not play that game’: Obama warns GOP on debt ceiling

President Barack Obama has launched a ‘double-pronged’ appeal in his latest bid to court business leaders.

US debt ceiling row: Obama appeals for compromise

Democrats and Republicans clashed over rival plans to slash spending and increase borrowing despite Obama`s appeal for compromise.

US Congress raises debt ceiling to USD 12.4 trillion

The Senate voted Thursday to raise the ceiling on the government debt to $12.4 trillion, a massive increase over the current limit.