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Obama, Republicans fail to agree on debt ceiling

Last Updated: Friday, October 11, 2013, 09:34

Republicans in the meeting offered to extend the government`s borrowing authority for several weeks.

US shutdown to hit exports; pharma, IT see no immediate impact

Last Updated: Tuesday, October 01, 2013, 21:30

Indian exports face additional costs due to delays at ports and airports in the US in the wake of government shutdown, but sectors like IT and pharma are likely to remain unscathed as their business is not directly linked to federal spending.

US stocks rise despite government shutdown

Last Updated: Tuesday, October 01, 2013, 20:18

US stocks on Tuesday moved higher in early trade despite the uncertainty generated by the US government's first shutdown in 17 years.

US government shutdown: How it will affect

Last Updated: Monday, September 30, 2013, 15:33

Up to 1 million US federal workers could face furloughs without pay beginning on Oct 1. The last government shutdown ran from December 16, 1995, to January 6, 1996, putting about 800,000 federal workers on furlough.