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'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.

Not designating China a currency manipulator: US

Last Updated: Wednesday, November 28, 2012, 09:41

Chinese currency still remains significantly undervalued but the steps taken by the country to reduce intervention in exchange markets and the recent appreciation of reminibi means that it cannot be designated as a currency manipulator, the US has said.