US debt ceiling looms, but battle may not be as bitter

The world`s largest economy once more faces the threat of default unless the US Congress raises the debt ceiling, but feuding between Barack Obama and foes may not push the nation to the brink this time.

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.

'Political deadlock could impact credibility of US dollar'

The current political deadlock over the US budget and debt ceiling could impact the credibility of the US dollar, a leading bank in the Gulf region has said.

'US could default by Feb if borrowing authority not extended'

Warning US lawmakers that time is fast running out on the debt ceiling issue, Treasury Secretary Timothy Geithner has told the Congressional leadership that America could default by mid-February.

‘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.

IMF urges swift lifting of US debt limit

The International Monetary Fund has warned the United States to lift its debt ceiling swiftly for the sake of the US and global economy.

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.