Debt and default

France managed to avoid a fresh credit downgrade from a leading rating agency on Friday, despite mounting concern over the country's surging national debt. Issued on: 03/06/2023 - 07:29…

The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would have been a historic, first-ever default.…

Lawmakers agreed on a bill that looks to avoid a catastrophic default of the United States. The text will now go to the Senate for approval. Veering away from a default crisis,…

Legislation brokered by President Joe Biden and House Speaker Kevin McCarthy to lift the $31.4 trillion US debt ceiling and achieve new federal spending cuts passed an important hurdle late on Tuesday, advancing to the full…

With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final agreement Sunday on a deal to raise the nation's debt ceiling and worked to ensure enough…

Top Republican leader Kevin McCarthy and President Joe Biden announced a deal Saturday to raise the debt ceiling, dragging the United States from the precipice of default with only a few days left to go.…

Work requirements for federal food aid recipients have emerged as a final sticking point in negotiations over the looming debt crisis, even as President Joe Biden said Friday that a deal is “very close.”…

Ratings agency Fitch put the United States on notice Wednesday that its perfect credit rating could be jeopardised if the White House and Republican opposition fail to overcome their impasse on raising the nation's borrowing…

Issued on: 23/05/2023 - 02:29 President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement Monday on how to raise the U.S. government's $31.4…

Issued on: 21/05/2023 - 18:08Modified: 21/05/2023 - 18:17 Formerly praised for its stability and good governance, Ghana has been facing a severe economic crisis since the…