Search For "debt limit"
Quad leaders to hold summit in Hiroshima tomorrow: White House
Updated : 3 years ago IST
"After President Biden had to postpone his trip to Australia, the Quad leaders agreed that they would hold their summit in Hiroshima to ensure that the four leaders could come together to mark the Quad's progress over the past year. So tomorrow, in addition to the G7, President Biden will
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US may default on debt as soon as June 1, Treasury Secy Yellen reaffirms
Updated : 3 years ago IST
"With additional information now available, I am writing to note that we still estimate that Treasury will likely no longer be able to satisfy all of the government's obligations if Congress has not acted to raise or suspend the debt limit by early June, and potentially as early as June 1
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US could run short of cash by June 1 warns Treasury; Biden calls meeting o
Updated : 3 years ago IST
Yellen in a letter to members of Congressional leadership regarding debt limit, said that the US will be unable to continue to satisfy all of the government's obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that ti
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Pakistan's per person debt rises nearly 50 per cent
Updated : 4 years, 3 months ago IST
Islamabad [Pakistan], February 3 (ANI): Pakistan per person debt rises to nearly 50 per cent according to the Fiscal Policy statement 2021-22 emphasising it is a fragile economy.
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Biden signs bill to increase debt limit by USD 2.5tn into law: White House
Updated : 4 years, 5 months ago IST
Washington [US], December 16 (ANI/Sputnik): US President Joe Biden signed into law a measure to increase the US debt limit by USD 2.5 trillion in order to prevent a default until at least 2023, the White House said on Thursday.
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Pakistan's borrowings are about 95 pc of its GDP: Report
Updated : 4 years, 6 months ago IST
Islamabad [Pakistan], November 3 (ANI): Pakistan's borrowings are about 95 per cent of the country's GDP, which indicate the nation continues to lack a big financial boost and some support for debt servicing, reported local media.
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China-Pakistan CPEC project has long road ahead as Beijing puts hold on pr
Updated : 5 years, 6 months ago IST
Peshawar [Pakistan], November 17 (ANI): The COVID-19 pandemic, ongoing political unrest and foreign debt limits have resulted in a slowing of Chinese investments in Pakistan as Beijing has put a hold on projects that are part of the USD 62 billion China-Pakistan Economic Corridor (CPEC).<
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