us-borrowing-limit - Latest News on us-borrowing-limit | Read Breaking News on Zee News

US has reached borrowing limit of $16.4 trillion: Geithner

Last Updated: Tuesday, January 01, 2013, 11:06

The US has reached its borrowing limit of USD 16.4 trillion forcing the government to employ "extraordinary measures" to avoid default, US Treasury Secretary Timothy Geithner informed the Congress on Monday.

US seeks elusive compromise to escape debt debacle

Last Updated: Thursday, July 28, 2011, 08:53

Top Republicans and Democrats worked behind the scenes on Wednesday on a compromise to avert a crippling US default, looking to salvage a last-minute deal from rival debt plans that have little chance of winning congressional approval on their own.

Wall Street closes flat as debt worries offset earns

Last Updated: Thursday, July 21, 2011, 09:32

Stocks closed near unchanged on Wednesday, a day after Wall Street's best rally since March, as the oncoming debt ceiling deadline overshadowed strong earnings from Apple Inc.

Obama open to short-term debt fix if big deal agreed

Last Updated: Thursday, July 21, 2011, 09:01

The White House signaled on Wednesday it could support a short-term increase in the US borrowing limit for "a few days" if lawmakers agreed to a broad deficit reduction deal but needed more time to pass it.