Search For "debt ceiling"
US Congress approves spending extension, avoiding shutdown
Updated : 1 year, 2 months ago IST
The US Senate passed a spending measure early on Saturday, preventing a government shutdown and ensuring funding through mid-March. The bill, which includes disaster relief and farm aid, was signed by President Biden after clearing the House. The legislation delays major fiscal decisions
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US standing at brink of total shutdown, Americans feel the bite
Updated : 2 years, 6 months ago IST
Months after averting it, the US is again standing at the brink of total shutdown, if the Congress — struggling with the dispute between Democrats and Republicans — is not able to pass the spending bills before October 1, The Hill reported.
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Kenya’s debt level reaches record high: Report
Updated : 2 years, 6 months ago IST
As per data, the total public debt of Kenya has risen by a record 10.8 billion US dollars to 70.75 billion US dollars, breaching the debt ceiling amount set in June 2022 by the parliament and exceeding the previous year's debt by more than 18 per cent.
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Fitch downgrades US credit rating, White House “strongly disagrees"
Updated : 2 years, 7 months ago IST
The US government’s credit rating has been downgraded by the Fitch Ratings from AAA to AA, citing a “steady deterioration in standards of governance," CNN reported on Tuesday.
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In his first Oval Office address, Biden boasts of debt-ceiling win
Updated : 2 years, 9 months ago IST
Biden said on Friday, "When I ran for President, I was told the days of bipartisanship were over, and that Democrats and Republicans can no longer work together," adding, "But I refused to believe that."
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US Senate approves bipartisan debt ceiling legislation, sends to Biden's d
Updated : 2 years, 9 months ago IST
The bill implements the agreement that House Speaker Kevin McCarthy and President Biden to increase debt ceiling and cut expenditure, Fox News reported.
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Indian stocks rise marginally after GDP numbers beat estimates
Updated : 2 years, 9 months ago IST
More than estimated GDP numbers in India, sustained foreign buying, and the US House of Representatives has passed the US debt ceiling bill indicating that the debt impasse will be resolved and will put less pressure on its economy are some of the major reasons which supported the stocks
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US House of Representatives passes Bill to raise debt ceiling
Updated : 2 years, 9 months ago IST
Majorities in both parties supported the agreement, which also satisfies the GOP demand to reduce nondefense discretionary spending over the next two years, and the package passed by a vote of 314 to 117. Democrats supported the bill 165-46, while Republicans supported it by a vote of 149
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Bull-run prevails as Sensex jumps 345 points; banking stocks lead rally
Updated : 2 years, 9 months ago IST
BSE 30-share Sensex went up 345 points and settled higher at 62,846 while NSE Nifty surged 99 points and ended at 18,599. Nifty had an intra-day high of 18,641. The Bank Nifty hit a fresh all-time high at 44,483. BSE banking index eventually ended 0.7 per cent higher at 44,312.
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Biden, McCarthy reach 'agreement in principle' to raise debt ceiling
Updated : 2 years, 9 months ago IST
This comes as an important step toward preventing a government default that could be nine days away.
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Investors to focus on factory and services activity, GDP data next week: E
Updated : 2 years, 9 months ago IST
Talking about the coming week, Ajit Mishra, Vice-President Research, Religare Broking, said, "The coming week marks the beginning of the new month also so participants will be eyeing high-frequency data viz. auto sales, manufacturing PMI and services PMI data. Before that, the GDP data, sche
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Fitch places US on rating watch negative amid debt ceiling fight
Updated : 2 years, 9 months ago IST
The credit ratings agency placed top-ranked US credit on rating watch negative, reflecting the uncertainty surrounding the current debt ceiling debate and the possibility of a first-ever default, CNN Business said.
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