Asian shares, US futures rise on debt ceiling deal
- 29-May-2023
SYDNEY: Asian shares and US stock futures rose on Monday, thanks to a weekend deal by US President Joe Biden and House Speaker Kevin McCarthy to suspend the government’s debt ceiling, ending a protracted stalemate and providing some relief for investors. After weeks of negotiations, congressional Republican McCarthy and Biden forged an agreement late on Saturday […]
Joe Biden, McCarthy reach tentative US debt ceiling deal
- 28-May-2023
WASHINGTON: US President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government’s $31.4 trillion debt ceiling on Saturday evening, ending a months-long stalemate. However, the deal was announced without any celebration, in terms that reflected the bitter tenor of the negotiations and the difficult path it has […]
Biden, McCarthy appear near two-year deal on US debt ceiling
- 26-May-2023
WASHINGTON: US President Joe Biden and top congressional Republican Kevin McCarthy are closing in on a deal that would raise the government’s $31.4 trillion debt ceiling for two years while capping spending on most items, a US official told Reuters. The deal, which is not final, would increase funding for discretionary spending on military and […]