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US Congress reaches deal for $1.1 tn US spending bill

Final hurdles on the massive bill were cleared when some controversial financial services provisions were removed to be dealt with separately.

Obama signs budget bill into law to avert govt shutdown

US President Barack Obama has signed a bipartisan federal budget bill, averting the risk of an embarrassing government shutdown for two years in the world's largest economy.

US lawmakers announce two-year budget deal

US President Barack Obama hailed the budget deal, which if approved by the Congress, would avoid government shutdown for at least two years.

US auto sales extend gains despite government shutdown

The US auto industry extended its steady gains in October despite economic uncertainty caused by a government shutdown.

Fed expected to hold tight on stimulus after shutdown

Skewed data and the economic setback of the partial government shutdown face Federal Reserve policymakers as they review their economic stimulus program on Tuesday and Wednesday.

Shutdown cost 120,000 US jobs: White House

The recent government shutdown and debt default crisis hit the US economy so badly that it cost the country 120,000 jobs and wiped out 0.25 percent of economic growth for the fourth quarter, the White House said.

Obamacare`s rocky debut obscured by shutdown

Technical problems have hobbled the website design to sign up millions of uninsured Americans for health care, but they have largely been overshadowed by a 16-day government shutdown.

India Inc expresses relief over end of US shutdown

The US Congress today passed a bipartisan bill to end a 16-day government shutdown and avert a historic debt default by the world's largest economy that could have had global repercussions.

US government reopens for business after two week shutdown

The US government reopens for business Thursday after a two-week shutdown and a dangerous flirt with running out of cash to pay its bills and avert a calamitous, unprecedented default.

Obama signs bill ending US shutdown, raising debt ceiling

In all likelihood the government shutdown is now expected to end today when over five lakh furloughed federal employees are expected to return to their service.

US Congress ends debt impasse, Obama vows to sign bill

Obama vowed to sign the bill and begin reopening the government "immediately."

US budget deal: another kick down the road?

US Senate leaders announced a deal Wednesday to resolve the budget and debt ceiling impasse that threatened to force the country to default on its obligations.

US shutdown ends as Senate Democrats, Republicans strike deal

According to reports, US Senate leaders on Wednesday agreed to raise the debt limit from the existing USD 16.7 trillion cap and reopen federal agencies that have been closed for two weeks.

US lawmakers close to deal on debt ceiling, reopening government

The US Senate appeared ready to announce a last-minute deal on Wednesday to avert a historic lapse in the government`s borrowing ability and a potentially damaging debt default.

US shutdown blues: From end of earth to outer space

The US government shutdown, now in its 16th day, has forced hundreds of thousands of federal workers to stay home and restricted many government services.

US shutdown: Budget rift pushes Washington to the brink

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

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 hits 3-month low in expectation of US debt deal

Spot gold was down 1 percent at USD 1,260.60, having earlier hit its lowest since July 10 at USD 1,251.66.

Obama summons leaders for debt ceiling crisis talks

Obama will meet top Republican and Democratic Party chieftains at the White House at 1900 GMT -- and demand that Congress raises America's borrowing authority before Thursday deadline.

US Senate leader sees chance for breaking fiscal impasse

US Senate negotiations to bring a fiscal crisis to an end showed signs of progress on Sunday, but there were no guarantees the federal government shutdown was about to end or that a historic debt default would be avoided.