debt limit

Spain’s PM-elect vows to slash deficit, boost pensions


December 20th, 2011 - 3:12 pm ICT by IANS
Madrid, Dec 20 (IANS/EFE) Spanish Prime Minister-elect Mariano Rajoy Monday unveiled the general policies of his government, including reducing the public deficit by 16.5 billion euros ($21.4 billion) in 2012 ... Read more...

Posted in Politics |

US debt talks reach an impasse


November 22nd, 2011 - 8:02 pm ICT by Aishwarya Bhatt
Washington, Nov 22 (THAINDIAN NEWS) This doesn’t seem like ending anytime soon! The US debt talks are near collapse because neither side is ready to make concessions. The 12-member bi-partisan committee was ... Read more...

Posted in Business |

Little change in US consumer confidence


September 28th, 2011 - 1:40 pm ICT by IANS
New York, Sep 28 (IANS/EFE) The confidence of US consumers in the economic progress of the country was relatively unchanged in September after falling in August to its lowest point ... Read more...

Posted in Business |

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 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 |

US congressional debt panel composition set


August 12th, 2011 - 11:51 am ICT by IANS
Washington, Aug 12 (IANS/EFE) Minority Leader Nancy Pelosi announced Thursday her choices to represent House Democrats on the bipartisan congressional committee charged with reducing the US budget deficit by more ... Read more...

Posted in Uncategorized |

S&P;’s rating downgrade wrong decision: US official


August 7th, 2011 - 2:24 pm ICT by IANS
Washington, Aug 7 (IANS) Global rating agency Standard and Poor's (S&P;) made a hasty and wrong decision of stripping the US of its top-notch credit rating, a senior US Treasury ... Read more...

Posted in Business |

Markets hammer Spanish bonds


August 3rd, 2011 - 1:20 pm ICT by IANS
Madrid, Aug 3 (IANS/EFE) Prime Minister Jose Luis Rodriguez Zapatero decided to postpone his summer break after the risk premium on Spanish government bonds climbed to a record 400 basis ... 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 |

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 |

Sensex 117 points up, snaps out of four-day losing spree (Roundup)


August 1st, 2011 - 7:05 pm ICT by IANS
Mumbai, Aug 1 (IANS) Snapping a four-day losing spree, a benchmark index for Indian equities Monday closed 117 points higher, helped by positive global cues.The 30-scrip sensitive index (Sensex) ... Read more...

Posted in Business |

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 |

Obama cuts a debt deal with Congress (Lead)


August 1st, 2011 - 11:17 am ICT by IANS
Washington, Aug 1 (IANS) President Barack Obama and congressional leaders have reached an eleventh hour agreement to raise the $14.3 trillion federal debt limit in two stages by as ... Read more...

Posted in Business |

US economy shows signs of further weakening


July 30th, 2011 - 12:42 pm ICT by IANS
Washington, July 30 (IANS/EFE) US gross domestic product grew at an annualised rate of 1.3 percent in the second quarter, the Commerce Department said Friday.While second-quarter GDP came in significantly ... Read more...

Posted in Business |

Wall Street posts biggest weekly loss in year


July 30th, 2011 - 5:23 am ICT by IANS
New York, July 30 (IANS) Wall Street ended the dismal week with the biggest decline in about a year as more evidences pointed to a much weaker economic recovery ... Read more...

Posted in Business |

Obama asks Congress to solve debt crisis


July 24th, 2011 - 2:10 pm ICT by IANS
Washington, July, 24 (IANS/EFE) US President Barack Obama asked congressional leaders Saturday to forget about "reckless political games" and reach an accord to raise the debt limit to avoid ... Read more...

Posted in Politics |

US Mortgage rates keep falling


July 22nd, 2011 - 1:02 am ICT by Aishwarya Bhatt
Washington, July 21 (THAINDIAN NEWS) The US mortgage rates remained relatively low with the 30-year fixed loan going for 4.52% on Thursday. According to the industry player Freddie Mac, the rate is ... Read more...

Posted in Business |

Obama touts possible bipartisan pact on debt limit


July 20th, 2011 - 11:49 am ICT by IANS
Washington, July 20 (IANS/EFE) President Barack Obama spoke Tuesday of a possible bipartisan accord that includes both spending cuts and tax increases and allows the US debt limit to ... Read more...

Posted in Uncategorized |

Obama demands Congress produce `serious’ plan for debt


July 16th, 2011 - 11:47 am ICT by IANS
Washington, July 16 (IANS/EFE) President Barack Obama said Friday that Congress has very little time left to produce a "serious" plan to reduce the deficit and clear the way ... Read more...

Posted in Uncategorized |

Congress must act now on debt limit: Top US official


July 15th, 2011 - 11:17 am ICT by IANS
Washington, July 15 (IANS/EFE) There is "no way" to extend the Aug 2 deadline for Congress to raise the US debt limit, Treasury Secretary Timothy Geithner said Thursday."We don't have ... Read more...

Posted in Business |

Failure to raise debt limit could trigger slump: Obama


July 7th, 2011 - 11:43 am ICT by IANS
Washington, July 7 (IANS/EFE) A failure by Congress to approve raising the US debt ceiling could cause "a second recession, or worse", President Barack Obama said Wednesday during the ... Read more...

Posted in Business |

Economy dampener in Obama’s campaign cruise


June 5th, 2011 - 2:46 pm ICT by IANS
Washington, June 5 (IANS) US President Barack Obama seemed to be cruising along on the road to renewing his lease on the White House in 2012 before a bump ... Read more...

Posted in Business |

Trump not a “serious” presidential candidate: Republican senator McCain


May 2nd, 2011 - 2:52 pm ICT by ANI
Washington, May 2 (ANI): Arizona Senator John McCain has said that Donald Trump cannot be perceived as a "serious" Republican presidential contender.He argued that while the business magnate seemed to be ... Read more...

Posted in World |

Clash of opinion between McCain-Palin over Obama’s role as US President


January 16th, 2011 - 3:36 pm ICT by ANI
Tunis, Jan 16 (ANI): Two important Republican leaders appear to have different views on US President Barack Obama ahead of the 2012 presidential polls, with reports saying that his 2008 opponent ... Read more...

Posted in World |

Obama “hell-bent” on weakening America: Sarah Palin


January 8th, 2011 - 3:45 pm ICT by ANI
Washington, Jan 8 (ANI): Sarah Palin, a possible Republican contender for the 2012 presidential bid, is of the opinion that US President Barack Obama is "hell-bent on weakening America" by pushing ... Read more...

Posted in World |

US Congress raises federal debt limit, imposes spending curbs


February 5th, 2010 - 8:06 am ICT by IANS
Washington, Feb 5 (DPA) The US Congress voted Thursday to raise the federal debt limit by an additional $1.9 trillion to prevent the government from defaulting on its skyrocketing debt levels. The ... Read more...

Posted in Business |

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