debt ceiling

Indian American wins White House scribes journalism award


April 30th, 2012 - 10:45 am ICT by IANS
Washington, April 30 (IANS) Indian American journalist Manu Raju was among the White House Correspondents journalism award winners for 2012 honoured at the association's traditional annual dinner with President ... Read more...

Posted in Entertainment |

US deficit at $86 bn in December, 2011


January 13th, 2012 - 3:33 pm ICT by IANS
Washington, Jan 13 (IANS) The US has reported a budgetary deficit of nearly $86 billion in December, 2011.This takes the deficit in the first three months of the 2011-12 fiscal ... Read more...

Posted in Business |

White House chief of staff William Daley steps down


January 10th, 2012 - 7:29 am ICT by IANS
Washington, Jan 10 (IANS) White House Chief of Staff William Daley is stepping down, US President Barack Obama said Monday.The president named Jacob Lew, who heads the White House ... Read more...

Posted in Uncategorized |

Anna Hazare’s fasts tenth top story on Time


December 12th, 2011 - 1:16 pm ICT by IANS
Washington, Dec 12 (IANS) Anna Hazare's fasts against corruption in India just made it to Time magazine's top 10 world-news stories headed by "The Arab Spring Blooms in ... Read more...

Posted in Uncategorized |

US loses ’stable’ outlook from top agencies


November 29th, 2011 - 12:35 pm ICT by IANS
Washington, Nov 29 (IANS) The US has lost its last stable outlook from the three top credit-ranking companies withFitch Ratings affirming its top-notch AAA credit rating but lowering the outlook ... Read more...

Posted in Business |

Obama signs trade pacts into law


October 22nd, 2011 - 11:54 am ICT by IANS
Washington, Oct 22 (IANS/EFE) President Barack Obama Friday signed into law free-trade pacts with Colombia, South Korea and Panama, ending a long-stalled process aimed at boosting US exports.On hand ... Read more...

Posted in Uncategorized |

Top Republican Congressman confident of deficit deal


October 16th, 2011 - 11:39 pm ICT by IANS
Washington, Oct 16 (IANS) House Majority Leader Eric Cantor Sunday expressed confidence that a bipartisan congressional debt reduction panel could reach a deal before the Nov 23 deadline.The ... Read more...

Posted in Business |

Defiant Obama seeks new taxes on wealthy to cut debt


September 20th, 2011 - 12:31 pm ICT by IANS
Washington, Sep 20 (IANS) Striking a confrontationist posture, President Barack Obama has proposed $1.5 trillion in new taxes for the wealthy to cut the national debt by $3.2 ... Read more...

Posted in Business |

Republicans reject tax breaks cut for wealthy


September 13th, 2011 - 12:01 pm ICT by IANS
Washington, Sep 13 (IANS) President Barack Obama has suggested what he calls a "common-sense approach" of limiting tax deductions for the wealthy to pay most of the cost of ... Read more...

Posted in Politics |

US consumer confidence at 28-month low


August 31st, 2011 - 12:43 pm ICT by IANS
New York, Aug 31 (IANS/EFE) The confidence of US consumers in the country's economy fell sharply in August and reached its lowest level since April 2009, authorities reported Tuesday, attributing ... Read more...

Posted in Business |

US rating downgrade won’t hurt Indian exports: Scindia


August 29th, 2011 - 7:22 pm ICT by IANS
New Delhi, Aug 29 (IANS) India's exports, which surged almost 46 percent in the April-June quarter, are unlikely to be much impacted because of the US' credit rating downgrade that ... Read more...

Posted in Uncategorized |

Fitch maintains its AAA US credit rating


August 17th, 2011 - 11:37 am ICT by IANS
New York, Aug 17 (IANS/EFE) Fitch Ratings has announced that it is maintaining its evaluation of the US credit rating at the maximum level of AAA, with a stable outlook, ... Read more...

Posted in Business |

US consumer confidence at three-decade low


August 13th, 2011 - 11:47 am ICT by IANS
New York, Aug 13 (IANS/EFE) US consumers' confidence in the progress of the nation's economy and of their own financial situation plunged in August to its lowest point since May ... Read more...

Posted in Business |

Obama to do bus trip to ‘connect’ with ordinary Americans


August 13th, 2011 - 10:42 am ICT by IANS
Washington, Aug 13 (IANS) US President Barack Obama embarks on a three-day bus trip Monday to "connect with ordinary Americans" as he talks job creation at small towns across ... Read more...

Posted in Politics |

Americans give thumbs down to Washington


August 11th, 2011 - 12:17 pm ICT by IANS
Washington, Aug 11 (IANS) Barely one in four Americans feels confident that the Obama government can fix America's economic problems with a large majority agreeing that the policymaking process ... Read more...

Posted in Business |

US always will be a triple-A country: Obama


August 9th, 2011 - 11:10 am ICT by IANS
Washington, Aug 9 (IANS) Even as the US markets took their worst hit since the 2008 financial crisis in reaction to the US losing its top notch AAA credit ... Read more...

Posted in Business |

For first time, US loses AAA credit rating


August 6th, 2011 - 9:45 am ICT by IANS
Washington, Aug 6 (IANS) For the first time in history, credit rating agency Standard & Poor's has downgraded America's top notch credit rating, stripping the world's largest economy of its ... Read more...

Posted in Business |

Obama taking economy to tipping point: Bobby Jindal


August 5th, 2011 - 2:33 pm ICT by IANS
Washington, Aug 5 (IANS) Louisiana's Indian-American governor Bobby Jindal wants his Republican party to embrace the politics of stubbornness, no matter how unpopular it may be, accusing President Barack ... Read more...

Posted in Politics |

FAA shutdown to continue as Congress leaves


August 4th, 2011 - 1:47 am ICT by Aishwarya Bhatt
Washington, Aug 3 (THAINDIAN NEWS) The Federal Aviation Authority in the United States has been left in the dark because US lawmakers failed to approve temporary extension of funding. For more ... Read more...

Posted in World News |

US debt deal to benefit Indian IT sector: Wipro official


August 3rd, 2011 - 9:43 pm ICT by IANS
Kolkata, Aug 3 (IANS) Indian IT companies will benefit from the landmark US debt deal signed by President Barack Obama Tuesday night, said a top Wipro official."I think the ... Read more...

Posted in Business |

‘Super Congress’ expected to solve the debt deal


August 3rd, 2011 - 7:59 pm ICT by Aishwarya Bhatt
Washington, Aug 3 (THAINDIAN NEWS) The United States is going all length to ensure that the country get out of the current debt crisis. The country’s lawmakers are currently locked up ... Read more...

Posted in Politics |

Sensex slips to six-week low spooked by US debt crisis (Roundup)


August 3rd, 2011 - 6:59 pm ICT by IANS
Mumbai, Aug 3 (IANS) A benchmark index for Indian equities markets Wednesday fell to a six-week low, below the 18,000-mark, and a bearish trend gripped broader markets as the ... Read more...

Posted in Uncategorized |

US avoids default; retains AAA rating for now


August 3rd, 2011 - 10:52 am ICT by IANS
Washington, Aug 3 (IANS) As the US avoided a disastrous default hours before the midnight deadline, two major ratings agencies reaffirmed the federal government's AAA rating, but warned America ... Read more...

Posted in Business |

Obama signs deal to avoid catastrophic US default (Lead)


August 3rd, 2011 - 3:34 am ICT by IANS
Washington, Aug 3 (IANS) Hours before the midnight deadline, US President Barack Obama signed into law a compromise plan to raise America's $14.3 trillion debt ceiling to avoid a ... Read more...

Posted in Uncategorized |

Obama signs historic debt deal to avoid default


August 3rd, 2011 - 3:09 am ICT by IANS
Washington, Aug 3 (IANS) Hours before the midnight deadline, US President Barack Obama signed a compromise plan to raise America's $14.3 trillion debt ceiling to avoid a catastrophic US ... Read more...

Posted in Business |

US Senate approves debt deal


August 3rd, 2011 - 12:38 am ICT by Aishwarya Bhatt
Washington, Aug 2 (THAINDIAN NEWS) In a dramatic fashion, the US Senate has finally cleared a hurdle in the bid to prevent the US from defaulting on its debt for the first ... Read more...

Posted in Politics |

US is global economy parasite, says Putin


August 2nd, 2011 - 12:59 pm ICT by IANS
Seliger (Russia), Aug 2 (IANS/RIA Novosti) The US spends beyond its means and "lives like a parasite off the global economy", Russian Prime Minister Vladimir Putin said Monday.US President ... Read more...

Posted in Business |

US House passes historic debt deal (Lead)


August 2nd, 2011 - 10:13 am ICT by IANS
Washington, Aug 2 (IANS) With the US House passing a compromise debt-ceiling deal crafted by President Barack Obama and congressional leaders, the United States made it all but certain ... Read more...

Posted in Business |

US House of Representatives passes debt-limit bill


August 2nd, 2011 - 9:47 am ICT by IANS
Washington, Aug 2 (IANS/RIA Novosti) The US House of Representatives approved Monday a deal struck between the White House and congressional leaders that would raise the nation's debt ceiling by ... Read more...

Posted in Uncategorized |

Wall Street drops amid debt ceiling uncertainty and weak data (Lead)


August 2nd, 2011 - 9:27 am ICT by IANS
New York, Aug 2 (IANS) Wall Street fell Monday on weak manufacture data and debt vote worries, with the S&P; 500 falling for a sixth day, Xinhua reported. Major ... Read more...

Posted in Business |

US stocks extend losses as relief over debt deal faded


August 2nd, 2011 - 4:33 am ICT by IANS
New York, Aug 2 (IANS) US stocks ended lower after a short-lived rally Monday, with the Dow extending losses to the seventh straight session, as relief over a debt ... Read more...

Posted in Business |

Liberal media paints debt deal as Obama’s capitulation


August 1st, 2011 - 7:51 pm ICT by IANS
Washington, Aug 1 (IANS) Even as the world heaved a sigh of relief over a deal to raise America's debt limit to avoid a catastrophic US default, liberal media ... Read more...

Posted in Uncategorized |

Obama, congressional leaders announce deal to raise debt ceiling, cut spending


August 1st, 2011 - 7:29 pm ICT by BNO News
WASHINGTON, D.C. (BNO NEWS) -- U.S. President Barack Obama and congressional leaders on late Sunday evening announced a bipartisan deal to cut federal deficits by trillions of dollars while raising the debt ... Read more...

Posted in Business |

Congress leaders scramble to sell debt deal (Second Lead)


August 1st, 2011 - 7:23 pm ICT by IANS
Washington, Aug 1 (IANS) Democratic and Republican Congressional leaders scrambled Monday to sell an eleventh hour deal with President Barack Obama to raise the $14.3 trillion federal debt limit ... Read more...

Posted in World |

Deal reached with Republicans on raising debt ceiling: Obama


August 1st, 2011 - 11:17 am ICT by IANS
Washington, Aug 1 (IANS) US President Barack Obama said Monday an agreement was reached with Republicans to raise the debt ceiling.The agreement envisages raising the US debt limit by ... Read more...

Posted in Business |

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