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

Last Updated: Tuesday, January 28, 2014, 14:23

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.

Chinese agency downgrades US credit rating

Last Updated: Thursday, October 17, 2013, 15:11

A Chinese ratings agency downgraded its US sovereign credit rating Thursday despite Washington`s resolution of the debt ceiling deadlock, warning that fundamentals for a potential default remained "unchanged".

Gold price flat, investors mark time until US debt deadline

Last Updated: Wednesday, October 16, 2013, 18:39

Spot gold was unchanged at USD 1,280.70 an ounce. It plunged to its lowest since July 10 at USD 1,251.66 on Tuesday before rebounding.

US shutdown: Budget rift pushes Washington to the brink

Last Updated: Tuesday, October 15, 2013, 21:33

Washington`s risky game of political brinkmanship neared crisis point Tuesday, with no deal yet nailed down to avoid a catastrophic US debt default, just 36 hours before a crucial deadline.

US senators close to deal to end 14-day-old shutdown

Last Updated: Tuesday, October 15, 2013, 18:05

US senators say they are closing in on a deal that would reopen the government and push back a possible debt default for several months, though many hurdles remain.

Gold price falls below $1,300 per ounce

Last Updated: Thursday, October 10, 2013, 16:51

Gold fell below USD 1,300 an ounce on Thursday as the dollar rebounded on signs Washington was moving towards breaking a stalemate over debt and averting a US default.

US still in fiscal deadlock, but glimmers of hope emerge

Last Updated: Tuesday, October 08, 2013, 08:55

A few faint glimmers of hope surfaced on Monday in the US fiscal standoff, both in Congress and at the White House, with President Barack Obama saying he would accept a short-term increase in the nation's borrowing authority to avoid a default.

'Not raising debt ceiling could result in 2008-like situation'

Last Updated: Friday, October 04, 2013, 09:04

The Congress needs to increase the federal debt ceiling by October 17 to avoid having the US default on its obligations.

'India must have a contingency plan if US defaults on debt'

Last Updated: Thursday, October 03, 2013, 19:03

India must have a "contingency plan" in place to ring-fence the country's economy if the political showdown in the US leads to a default on its international monetary obligations, industry body Assocham on Thursday said.

Gold soars to new high of Rs 23,690 on firm global cues

Last Updated: Tuesday, August 02, 2011, 15:33

Gold set a new record at Rs 23,690 per 10 grams in the national capital Tuesday, by adding Rs 210, on buying by stockists and investors, driven by a firm trend in overseas markets.

Deadlock, durables, dismal earnings hit Wall Street

Last Updated: Thursday, July 28, 2011, 09:14

Wall Street suffered its worst day in eight weeks on Wednesday, hit by weak earnings, lackluster economic data and no movement in Washington talks as the deadline for a US default looms.

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.