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House Republicans offer to lift debt ceiling through December

Last Updated: Thursday, October 10, 2013, 23:01

Republicans in the House of Representatives on Thursday unveiled a plan that would avert a looming US default, in a sign that lawmakers may end a standoff that has rattled financial markets and thrown America's future creditworthiness into question.

US debt crisis can cause global financial turmoil: IMF

Last Updated: Tuesday, October 08, 2013, 21:05

The IMF Tuesday warned that an imminent debt default by the US due to the government shutdown would result in disruptions in financial markets and could possibly trigger global economic turmoil.

US CEOs optimistic after meeting with Obama on nation’s debt crisis

Last Updated: Thursday, November 15, 2012, 14:48

CEOs of various American companies have struck a hopeful note that Washington can find a solution to the nation’s debt crisis.

Rise in US exports brightens outlook for economy

Last Updated: Friday, April 13, 2012, 11:03

American businesses sold a record number of goods and services in Europe, China and other foreign markets in February, while imports declined.

US economy gaining momentum, housing shows a pulse

Last Updated: Sunday, January 01, 2012, 23:49

New US claims for jobless benefits rose last week but the underlying trend pointed to an improving labor market, while regional factory data showed the economy gaining momentum as the year ended.

US to hit debt limit early January: Treasury

Last Updated: Tuesday, December 27, 2011, 22:48

In September the Democratic Party-dominated Senate declined to block a USD 500 billion increase.

US economic fix could take years: Obama

Last Updated: Saturday, December 10, 2011, 08:57

Despite some recent signs the sluggish US economy might be improving, President Barack Obama warns it could be years before the country is on a sound footing.

Debt-reduction panel spirals toward failure

Last Updated: Monday, November 21, 2011, 08:53

A months-long effort to set US finances on a sustainable course appeared likely to end in failure on Monday as lawmakers in Congress were unable to bridge a deep divide over taxes and benefits.

State capitalism: The secret to China’s boom

Last Updated: Monday, November 07, 2011, 11:46

Many observers would say that China’s embrace of capitalism since 1978, and especially since joining the World Trade Organization in 2001, has been responsible for its boom.

State capitalism: The secret to China’s boom

Last Updated: Monday, November 07, 2011, 11:46

Many observers would say that China’s embrace of capitalism since 1978, and especially since joining the World Trade Organization in 2001, has been responsible for its boom.

Open letter to Barack Obama: Banks say sorry for financial crisis

Last Updated: Monday, October 24, 2011, 15:56

At least, they do in this imaginary letter to G20 leaders. They also promise no bonuses for top executives for two years or more. It's part of an attempt to repair relations with an enraged public and prevent the anti-banker backlash from sweeping away what's good in capitalism.

India urges Europe, US to resolve debt mess

Last Updated: Tuesday, October 18, 2011, 18:32

Manmohan Singh urged the world's rich countries to contain their financial crises and avoid a double dip recession.