Keyword "GBR" - List of latest news (212 results)

09:57 Britain posts much bigger budget deficit for 2024/25 than expected

Britain's government borrowed almost 15 billion pounds more in the financial year that just ended than official budget forecasters had estimated a month ago, according to data that heaped more pressure on the public finances.

01:50 Carney appeals for support in Quebec, promises protection from Trump

Canadian Prime Minister Mark Carney took his election campaign to Quebec on Tuesday, saying only he could protect the predominantly French-speaking province from U.S. President Donald Trump.

23:56 What are the key races in Canada's federal election?

As Canada holds an election on Monday, Prime Minister Mark Carney's Liberals are ahead of Pierre Poilievre's Conservatives in national opinion polls. The New Democratic Party led by Jagmeet Singh is in a distant third place, while the separatist Bloc Quebecois, which only campaigns in the predominantly French-speaking province of Quebec, is in fourth.

21/04 Carney ahead in polls as Canada enters last week of election campaign

Canadian Prime Minister Mark Carney, ahead in polls in the run-up to an April 28 election, renewed calls on Monday for voters to give him a strong mandate to deal with U.S. President Donald Trump's tariff threat.

16/04 What are the potential outcomes of Canada's federal election?

Canada will hold a general election on April 28, with polls indicating a close race between Prime Minister Mark Carney's ruling Liberals and the official opposition Conservatives of Pierre Poilievre.

16/04 What are Canada's main parties promising in the upcoming federal election?

Canada's general election will take place on April 28, with polls indicating a tight race between the ruling Liberals and the official opposition Conservatives.

26/03 US risks default as soon as August without debt-ceiling action, CBO estimates

The U.S. government will probably risk defaulting on some of its $36.6 trillion in debt as soon as August - or possibly even by late May - unless Congress acts to raise the nation's debt ceiling, the non-partisan Congressional Budget Office forecast on Wednesday.

07/03 How will Canada's next prime minister be chosen?

Canada's ruling Liberal Party is choosing a new leader to replace Prime Minister Justin Trudeau, who said in January he was stepping down after growing dissatisfaction over his performance. The result is due to be announced on March 9.

06/03 More words than deeds from China on consumption keep deflation in play

Analysts said this indicated Beijing's reluctance to take a sharper turn in changing the growth model away from investment and manufacturing exports.

22/01 Morocco's largest World Cup stadium to be ready by 2027, official says

Morocco aims to complete construction of a 115,000-seater stadium in Benslimane near Casablanca by 2027, three years before the World Cup it is co-hosting with Spain and Portugal, the country's World Cup organising committee chairman said on Wednesday.

22/01 UK budget deficit surges in December as debt interest hits

Britain ran a bigger-than-expected budget deficit in December, swelled by debt interest and a one-off purchase of military homes, data showed on Wednesday that underlined the fiscal pressure faced by finance minister Rachel Reeves.

22/01 Trudeau says Canada is ready to respond to possible Trump tariffs

Canadian Prime Minister Justin Trudeau reiterated on Tuesday that his government is ready to respond to all scenarios if U.S. President Donald Trump imposes tariffs on Canada.

18/01 Canada cabinet minister Gould says she is running to replace Trudeau

Canadian cabinet minister Karina Gould on Saturday said she would take part in the contest to replace Prime Minister Justin Trudeau as leader of the ruling Liberal Party.

18/01 US Treasury to launch measures to avoid debt limit breach on Tuesday

U.S. Treasury Secretary Janet Yellen said that the government will reach its statutory borrowing limit on Tuesday and begin employing "extraordinary measures" to keep from breaching the cap and risking a potential catastrophic default.

17/01 Former Canada finance minister Freeland running to replace Trudeau

Former Canadian finance minister Chrystia Freeland on Friday announced that she would take part in the contest to replace Prime Minister Justin Trudeau as leader of the ruling Liberal Party.

14/01 Trudeau, facing disagreements over US tariff response, to convene cabinet

Prime Minister Justin Trudeau, facing disagreements over how Canada should respond to threatened U.S. tariffs, will hold a cabinet retreat next week focused on defending Canadian interests, his office said on Tuesday.

30/12 Trump attacks 'dumbest' 2023 debt limit extension

U.S. President-elect Donald Trump said on Sunday the 2023 debt ceiling extension agreed by then House Speaker Kevin McCarthy and President Joe Biden will "go down as one of the dumbest political decisions made in years."

26/12 India considers cutting personal income tax to lift consumption, sources say

India is considering cutting income tax for individuals making up to 1.5 million rupees ($17,590) a year in February's budget to provide relief to the middle class and boost consumption as the economy slows, two government sources told Reuters.

23/12 Canada's Trudeau faces increasing pressure from his own MPs to quit

Canadian Prime Minister Justin Trudeau, whose party looks set to lose power early next year, is under increasing pressure from his own legislators to step down and let someone else take over.

23/12 Hardline Republicans reject Trump's debt ceiling demand, focused on deficit worry

Republican hardliners who normally are ardent supporters of President-elect Donald Trump are resisting his push to raise the U.S. debt ceiling, sticking to their belief that government spending needs to be pruned and defying his warnings of revenge.

22/12 Usyk outpoints Fury to retain world heavyweight crowns  

Ukraine’s Oleksandr Usyk retained his WBA (Super), WBO and WBC world heavyweight titles by unanimous decision against Britain's Tyson Fury after an enthralling clash at the Kingdom Arena on Saturday.

20/12 US government shutdown could cost travel sector $1 billion per week, disrupt holiday travel

A partial government shutdown could cost the U.S. travel industry $1 billion per week and lead to widespread disruptions for travelers, a trade group representing airlines, hotels and other travel companies said Friday.

20/12 Canada PM Trudeau looks set to lose power after key ally vows to topple him

Canadian Prime Minister Justin Trudeau on Friday looked set to lose power early next year after a key ally said he would move to bring down the minority Liberal government and trigger an election.

20/12 Explainer: What is a government shutdown and what is the debt ceiling?

Large swaths of the U.S. government could temporarily close at midnight on Friday if Congress does not approve a stopgap spending bill due to pressure from Donald Trump.

20/12 US Congress scrambles to try to avert looming shutdown after Trump demand rejected

The U.S. Congress was scrambling to avert a partial government shutdown on Friday, hours after more than three dozen Republicans rejected a demand by President-elect Donald Trump to use the measure to lift the nation's debt ceiling.

19/12 US agency warns extended government shutdown could lead to long lines at airports

The head of the Transportation Security Administration on Thursday warned that an extended partial U.S. government shutdown could lead to longer wait times at airports.

17/12 Special election loss adds to misery for Canada PM Trudeau

Canada's ruling Liberals lost a special election in the western province of British Columbia, provisional results showed on Tuesday, deepening the political woes of beleaguered Prime Minister Justin Trudeau.

16/12 Chrystia Freeland's roles in Trudeau's Liberal government

Canada's Finance Minister Chrystia Freeland resigned on Monday after Prime Minister Justin Trudeau asked her to take a lesser cabinet position, bringing more uncertainty to an already unpopular government.

16/12 Canada's finance minister resigns after policy clash with PM Trudeau

Canada's Finance Minister Chrystia Freeland unexpectedly resigned on Monday, saying she was no longer on the same page with Prime Minister Justin Trudeau about the best path forward for Canada.

04/12 Bond vigilantes spare France for now, but political crisis will bring more pain

Bond investors are likely to spare France the dire financial "storm" Prime Minister Michel Barnier has warned of, but the fallout from the political crisis will hurt businesses, consumers and taxpayers.

03/12 Global debt surges past $320 trillion as risk appetite returns- IIF

The world's debt stock surged by over $12 trillion in the first three quarters of 2024 to a fresh record of nearly $323 trillion, thanks to falling borrowing costs and rising risk appetite, a report by a banking trade group showed on Tuesday.

26/11 Ethiopia's parliament approves extra $4.8 bln spending in 2024/25

Ethiopian lawmakers on Tuesday approved the government's plan to increase spending by an additional 581.98 billion Ethiopian birr ($4.8 billion) for the 2024/25 fiscal year, a parliament broadcast showed.

05/11 Irish PM to call general election this week

Irish Prime Minister Simon Harris said on Tuesday that he plans to call a parliamentary election later this week, likely setting up a polling date for the end of the month.

23/10 Unhappy Canada legislators vent frustration in meeting with PM Trudeau

Unhappy legislators from Canada's ruling Liberals on Wednesday vented their frustration in a closed-door meeting with Prime Minister Justin Trudeau, who they blame for the party's poor poll showing, participants said.

22/10 UK borrowing tops official forecasts again as Reeves readies budget

British public borrowing in the first six months of the tax year came in higher than official forecasts, data showed on Tuesday, underscoring the challenge facing finance minister Rachel Reeves in her first budget next week.

10/09 Despite political risks, Trudeau could remain Canada's prime minister into 2025

Justin Trudeau may survive as Canada's prime minister into next year, political analysts say, even though his minority Liberal government is more vulnerable after a small left-wing party withdrew a pledge to support it on key votes.

09/09 Kenya asks public for help with economic fix laws after protests

Kenya's finance ministry will seek suggestions from the public on new legislation to boost revenue and tackle other challenges, Finance Minister John Mbadi said on Monday, after protesters forced the government to withdraw its financing law.

05/09 The rise and fall of Canadian PM Trudeau's political fortunes

Canadian Prime Minister Justin Trudeau faces an uncertain future after the small party that has helped keep his Liberal minority government in power withdrew its automatic support on Wednesday.

05/09 Canadian opposition party says election more likely after ending deal with Trudeau

An early Canadian election is more likely now that Prime Minister Justin Trudeau has lost the support of the opposition New Democratic Party that was helping keep him in power, the party's leader said on Thursday.

04/09 Canadian PM Trudeau weakened after key ally withdraws support

Canadian Prime Minister Justin Trudeau suffered an unexpected blow on Wednesday when the small political party helping keep his minority Liberal government in power withdrew its support.

30/08 Modi's populism after India election reversal puts public finances at risk

After reverses in the general election and facing possible losses in state polls this year, Indian Prime Minister Narendra Modi's coalition has stepped up cash handouts, debt waivers and other freebies, although he has previously criticised the policy.

27/08 France's Macron won't name leftist prime minister, prolonging political crisis

French President Emmanuel Macron ruled out naming a prime minister from the leftist New Popular Front alliance and will instead start a new round of consultations on Tuesday with parties to try to form a new government, Macron's office said.

21/08 UK borrows more than expected in July, underlining challenge for Reeves

Britain's government again borrowed more than expected last month, according to official data released on Wednesday that highlighted the tight financial backdrop for new finance minister Rachel Reeves as she readies her first annual budget.

20/08 Kenya's top court suspends judgment nullifying 2023 finance law

Kenya's top court on Tuesday suspended a lower court's ruling that the 2023 finance law was unconstitutional, saying it was important to preserve stability in the budget until the merits of the government's appeal are heard next month.

08/07 Shock French left election win is little solace for nervous investors

A shock election win for France's leftist alliance has reinforced wariness among investors who had already braced for the risk of political deadlock and a policy paralysis that's unlikely to improve the country's creaking public finances.

05/07 Kenya's Ruto proposes spending cuts after nationwide protests

Kenyan President William Ruto on Friday proposed spending cuts and additional borrowing in roughly equal measure to fill a nearly $2.7 billion budget hole caused by his withdrawal of planned tax hikes in the face of nationwide protests.

26/06 Sri Lanka signs debt deal with creditor nations in Paris

Sri Lanka signed a deal with creditor nations to restructure about $5.8 billion in bilateral debt, the office of the country's president said on Wednesday, in a move that would help stabilise its crisis-hit economy.

25/06 Canada's Trudeau to stay in office after special election 'disaster'

Canadian Prime Minister Justin Trudeau made clear on Tuesday he would stay in office amid fresh questions about his future after the ruling Liberal Party lost a safe seat in a special election.

21/06 UK public debt rises to highest since 1961 as election nears

British public debt rose last month to its highest as a share of the economy since 1961, official figures showed on Friday, adding to the financial pressures faced by the country's next government after an election on July 4.

22/05 From tax to homes, UK's Conservatives and Labour make economy a battleground for election

British Prime Minister Rishi Sunak's Conservatives and the opposition Labour Party will focus on the economy as they ramp up their campaigning for a July 4 national election.

22/05 Weak UK economy awaits winner of July election

The winners of Britain's election on July 4 will have to tackle an economy that looks stuck in a rut of slow growth with high levels of debt limiting the next government's ability to spark a significant recovery.

29/04 US Treasury to borrow $243 billion in Q2, higher than January forecast

The U.S. Treasury said on Monday it expects to borrow $243 billion in the second quarter, $41 billion more than the January estimate largely due to lower cash receipts, partially offset by a higher cash balance at the beginning of the quarter.

17/04 Canada unveils more taxes on rich, EV tax credits in federal budget

Here are some of the key government measures and proposals outlined in the 2023-24 budget presented by Finance Minister Chrystia Freeland on Tuesday:

15/03 El Salvador to transfer 'big chunk' of bitcoin to physical vault

El Salvador will transfer "a big chunk" of its bitcoin assets to an offline device that will be stored in a physical vault within the Central American country's territory, President Nayib Bukele said on Thursday.

07/03 Explainer: How big are Egypt's economic challenges?

Egypt has agreed an expanded $8 billion support programme with the International Monetary Fund on Wednesday, letting its currency depreciate sharply and announcing that it would allow the exchange rate to be determined by market forces in a bid for economic stability.

06/03 Egypt lets pound go, hikes rates after Gulf cash windfall

Egypt's central bank said on Wednesday it had hiked interest rates by 600 basis points at an unscheduled meeting and would let the pound trade freely in an apparent move to restore economic stability with the help of Gulf investment inflows.

29/02 WTO talks deadline extended again with talks deadlocked

Negotiations at the World Trade Organisation ministerial meeting in Abu Dhabi on Thursday were extended for another day, with the WTO announcing the closing session had been delayed, and no sign of a breakthrough in talks to set new global commerce rules.

18/02 France cuts 2024 growth forecast as outlook darkens

French Finance Minister Bruno Le Maire said the government had lowered its forecast for 2024 GDP growth to 1% from 1.4% as war in Ukraine and Gaza and a slowdown at top trading partners Germany and China darkened the outlook.

15/02 Dubai's DIFC says company registrations up 34% last year

The Dubai International Financial Centre (DIFC) achieved 34% growth in new registrations last year, bringing the total number of active companies in the Gulf's financial hub to 5,523, its governor said on Thursday.

07/02 US CBO forecasts slightly smaller $1.5 trillion deficit for 2024

The U.S. Congressional Budget Office on Wednesday projected a slightly smaller $1.507 trillion federal deficit for fiscal 2024 as increased revenues from stronger growth and employment offset higher costs for clean energy tax credits and public debt interest.

01/02 India's Modi likely to lay out modest economic manifesto in pre-election budget

Indian Prime Minister Narendra Modi's government will present its final budget on Thursday before elections, with plans expected to be fiscally prudent with a focus on infrastructure spending but heavy on political messaging ahead of the national vote.

31/01 World-beating growth? Not for India's rural majority

Jakir Khan, an Indian farm worker, says he has cut down on food as his income has halved. There are fewer and fewer opportunities, he says, for employment in his small village in Uttar Pradesh state.

29/01 India's Modi to bet on popularity over populism in budget ahead of polls

Indian Prime Minister Narendra Modi is expected to buck a trend of spending big on new welfare programmes in a budget before a general election to instead focus on infrastructure to keep the economy humming while narrowing the budget gap.

18/01 Exclusive: Saudi Arabia still considering BRICS membership, sources say

Saudi Arabia is still considering an invitation to become a member of the BRICS bloc of countries after being asked to join by the grouping last year, two sources with direct knowledge of the matter told Reuters on Thursday.

10/01 Spain's lawmakers give PM bittersweet victory, extend price measures

Spain's parliament on Wednesday passed two government decrees, including an extension of anti-inflationary measures, by a margin of just one vote, and voted down another, exposing the fragility of the ruling coalition that has just started its second term.

09/01 Exclusive: India eyes doubling cash handout for women farmers ahead of vote - sources

Indian Prime Minister Narendra Modi's government is considering doubling the annual payout to landowning female farmers to 12,000 rupees ($144), three sources with knowledge of the matter told Reuters, a move likely to appeal to women voters ahead of a general election.

05/01 Wave of debt sales adds to January nerves in euro zone bond markets

A 150 billion euro ($165 billion) deluge of government bond sales in January is fueling unease in euro area bond markets, a foretaste of a potentially record amount of public debt that markets will have to absorb this year.

29/11 Sri Lanka reaches debt restructuring deal with creditor nations - government source

Sri Lanka has been informed that a debt-restructuring agreement with creditor nations has been reached but is yet to receive a letter of confirmation from the official creditor committee, a government source told Reuters on Wednesday.

27/11 German government to agree budget fixes as way out of crisis

Germany's ruling coalition was expected to agree a supplementary budget on Monday that will temporarily lift a self-imposed cap on borrowing limits after a constitutional court ruling tore up the government's spending plans.

24/11 Germany signals belt-tightening but no tax rises in budget compromise

German Finance Minister Christian Lindner signalled the government would need to make savings worth double digit billion euros to help solve a budget crisis, though data on Friday showed growth shrinking in Europe's largest economy.

24/11 India set to miss divestment targets by more than half this year - sources

India will struggle to raise even half the proceeds it had targeted from planned sales of state-run firms this year and will miss divestment targets for the fifth straight year, sources said, as elections shift government priorities.

21/11 UK borrowing figures give Hunt some room for tax cuts

Britain borrowed less than predicted by its budget forecasters in the first seven months of the financial year.

30/10 US Treasury seen boosting auction sizes as budget deficit worsens

The U.S. Treasury is likely to boost the size of auctions for bills, notes, and bonds in the fourth quarter when it announces its financing plans this week to fund a worsening budget deficit, analysts said.

19/09 Indonesia parliament committee approves higher 2024 budget of $216 bln

Indonesia's parliament committee on Tuesday approved the government's higher 2024 budget expenditure of $216 billion to support economic growth, but some analysts say a bigger spending buffer might be needed to cope with adverse weather events.

12/09 Mexico's election year deficit plan fuels fear over finances

The Mexican government's plan to run up the biggest budget deficit in decades during the 2024 general election year could put pressure on public finances and eventually threaten its credit rating, analysts said on Monday.

31/08 India's economic growth set to accelerate to its fastest in a year

India's economy grew at its fastest pace in a year in the April-June quarter, driven by services and manufacturing, data is expected to show on Thursday, though economists warn of a slowdown ahead.

22/08 UK borrows less than expected in July, raising tax cut hopes

Britain recorded a smaller-than-expected budget deficit in July, official data showed on Tuesday, giving finance minister Jeremy Hunt a bit of hope that he can cut taxes later this year, before an election expected in 2024.

17/08 India considers wheat imports from Russia at discount to calm prices-sources

India is in talks with Russia to import wheat at a discount to surging global prices in a rare move to boost supplies and curb food inflation ahead of state and national elections next year, according to four sources.

08/08 US regulators fine Wall Street firms $549 mln in latest round of texting probe

U.S. regulators on Tuesday fined nine Wall Street companies, including Wells Fargo , BNP Paribas and Société Générale $549 million over employees' use of personal messaging apps to discuss deals, trades and other business.

23/07 America’s Harman cruises to British Open glory

American Brian Harman won the British Open by six shots on Sunday, claiming his first major title at a rainswept Hoylake.

22/07 Rahm’s stunning 63 heaps pressure on British Open leader Harman

Masters champion Jon Rahm hit eight birdies in a course-record 63 to haul himself into contention for the British Open on Saturday as overnight leader Brian Harman steadied himself after a shaky start.

21/07 Harman eagles 18th as he soars into lead at British Open

American Brian Harman stormed into a five-shot lead at the British Open on Friday after a faultless 65 left him on 10 under par as bigger names struggled to keep pace.

21/07 UK borrows less than thought but Hunt pledges budget discipline

Britain borrowed less than expected in the first three months of the financial year data showed on Friday, but finance minister Jeremy Hunt ruled out a rush to cut taxes to help the fortunes of his flagging Conservative Party before the next election.

21/07 Biden asks aides for options preventing future debt limit crisis

U.S. President Joe Biden asked a group of aides to explore "all legal and policy options" to prevent another debt limit standoff, the White House said on Thursday.

20/07 Fleetwood joins amateur Lamprecht at top of British Open leaderboard

Home favourite Tommy Fleetwood joined South African amateur Christo Lamprecht at the top of the leaderboard on five under par on the opening day of the 151st British Open at Hoylake.

16/07 Alcaraz beats Djokovic in five sets to win first Wimbledon title

Carlos Alcaraz defeated seven-time champion Novak Djokovic to claim his first Wimbledon title on Sunday, shattering the Serb's dream of a record-equalling 24th Grand Slam crown.

16/07 ‘Ultimate showdown’ as Djokovic, Alcaraz clash for Wimbledon title

Novak Djokovic says the sporting world will be watching his "ultimate showdown" against Carlos Alcaraz in Sunday's Wimbledon final where history and a generational shift are at stake.

15/07 Unseeded Vondrousova stuns tearful Jabeur to win Wimbledon title

Marketa Vondrousova became the first unseeded woman to win Wimbledon in the Open era as the Czech swept to a shock 6-4, 6-4 victory over Tunisia's Ons Jabeur in Saturday's final.

14/07 Alcaraz, Djokovic set for ‘feast’ in blockbuster Wimbledon final

Carlos Alcaraz and Novak Djokovic set up a potentially era-defining Wimbledon title showdown after cruising through their semi-finals on Friday with the Serb superstar promising a "feast" of tennis in the championship match.

14/07 ‘Thirty-six is new 26,’ says Djokovic as more Grand Slam history beckons

Novak Djokovic claimed "36 is the new 26" after the history-chasing Serb reached his ninth Wimbledon final with a fiery victory over Jannik Sinner on Friday.

13/07 Jabeur, Vondrousova to clash for Wimbledon title

Ons Jabeur and Marketa Vondrousova will meet in Saturday's Wimbledon women's final, helping the All England avoid a potentially embarrassing diplomatic headache.

13/07 Comeback queen Jabeur reaches second successive Wimbledon final

Ons Jabeur fought back from a set and 4-2 down to defeat Aryna Sabalenka and reach a second successive Wimbledon final on Thursday, saving the All England Club from a potentially embarrassing diplomatic headache.

11/07 Djokovic into 12th Wimbledon semi-final, as Ukraine’s Svitolina shines

Novak Djokovic reached a 12th Wimbledon semi-final and record-equalling 46th at the Grand Slams on Tuesday as Elina Svitolina stunned world number one Iga Swiatek, delivering an emotional boost for her war-torn Ukraine homeland.

08/07 Alcaraz seeks to stay perfect at soggy Wimbledon

Carlos Alcaraz will seek to extend his unblemished start to Wimbledon on Saturday as defending women's champion Elena Rybakina faces Britain's last hope Katie Boulter.

06/07 Murray braces for Tsitsipas showdown at Wimbledon as Wawrinka advances

Andy Murray takes on Stefanos Tsitsipas in the standout match at Wimbledon on Thursday in a contest with a spicy history after Stan Wawrinka set up a tasty clash with Novak Djokovic.

05/07 UK sells government bond with highest yield since 1999

Britain sold a government bond at auction on Wednesday that will pay investors an annual return of 5.668% - the highest yield of any gilt sold this century, as markets demand extra returns in anticipation of further Bank of England rate rises.

04/07 Alcaraz launches Wimbledon bid in style, Rybakina survives scare

Top seed Carlos Alcaraz made a flying start to his Wimbledon campaign on Tuesday as defending women's champion Elena Rybakina recovered from a set down to reach the second round.

03/07 Djokovic shines at ‘holy grail’ Wimbledon as Russians return

Novak Djokovic launched his bid for an eighth Wimbledon title and 24th Grand Slam triumph on Monday with his 40th successive win on Centre Court as Russian players defiantly marked their return from a controversial 2022 ban.

28/06 Wimbledon braced for Ukraine and Russian cold front

In 2013, Ukraine's Sergiy Stakhovsky pulled off one of the greatest Wimbledon shocks when he demolished Roger Federer on Centre Court.

27/06 Analysis: Bolivia's creaking big state model rings warning bell in South America

Bolivia's "economic miracle," a boom in the 2000s and 2010s that saw years of state spending lift millions of people into the middle class, is creaking, a warning sign to the wider region battling high inflation, shrinking government coffers and tepid growth.

27/06 New balls please: Wimbledon hopefuls do battle in qualifying event

Pristine grass courts and trademark white kit -- Wimbledon starts a week early for 256 players battling it out in the qualifying tournament in southwest London.

26/06 Philippines agrees $1.14 bln loans with World Bank for environment, farming

The Philippines on Monday said it had signed four loan agreements with the World Bank totalling $1.14 billion, including $750 million of budgetary support for policy reforms to boost environmental protection and climate resilience.

22/06 Pakistan PM briefs IMF chief, hopes for release of stalled funds

Pakistan's Prime Minister Shehbaz Sharif on Thursday briefed International Monetary Fund's managing director Kristalina Georgieva on the economic outlook of the cash-strapped South Asian nation, hoping for the release of critical stalled funds.

21/06 UK net debt passes 100% of GDP for first time since 1961

Britain's public sector net debt surpassed 100% of gross domestic product in May as borrowing came in higher than expected, the Office for National Statistics said on Wednesday.

16/06 Qatar to invest $5 billion in Iraq over coming years

Qatar intends to invest $5 billion in a number of sectors in Iraq over the coming years, the state news agency quoted Qatar's Emir Sheikh Tamim bin Hamad al-Thani as saying on Thursday.

14/06 Kenyan president's tax hikes alienate his 'hustler' base

Eighty percent of voters in this constituency in the heart of Kenyan tea country cast their ballots for William Ruto last August, helping the self-proclaimed champion of impoverished "hustlers" score an upset presidential election win.

13/06 Biden: Inflation data 'good news' for US families, more work to do

U.S. President Joe Biden hailed Tuesday's inflation data as "good news for hard working families" and said there was more work to do to bring down the cost of living in the country, according to a statement released by the White House.

11/06 EU considering major Tunisia aid package as migration surges

The European Union is considering over 1 billion euros ($1.07 billion) in aid for Tunisia to help develop its battered economy, rescue state finances and deal with a migration crisis, the EU Commission President Ursula von der Leyen said on Sunday.

07/06 McCarthy faces sudden challenge from hardliners after US debt ceiling bill

U.S. House Speaker Kevin McCarthy faces a revolt from hardline Republicans who accuse him of betraying an agreement that got him elected to lead the chamber, raising questions about the job security of the top Republican in Congress.

06/06 U.S. public sees no clear winner in debt ceiling deal -Reuters/Ipsos

Neither President Joe Biden's Democrats nor Republicans in Congress emerged as a clear winner in the battle to raise the $31.4 trillion debt ceiling, according to a new Reuters/Ipsos poll.

05/06 Analysis: Can Biden's handshake to a gunfight strategy fix what ails the US?

The deal to end the United States' debt limit standoff was classic Joe Biden politics: eke out a narrow compromise from an ugly beginning and declare victory.

04/06 McCarthy lauds debt US ceiling deal, House conservatives divided

U.S. House of Representatives Speaker Kevin McCarthy on Sunday lauded the debt ceiling deal he negotiated with Democratic President Joe Biden, but a prominent House conservative warned that McCarthy has "credibility issues" that may prompt some Republicans to seek his ouster as the top Republican in Congress.

01/06 Analysis: US debt-ceiling deal dooms Biden's revolutionary tax plans

U.S. President Joe Biden's 2020 campaign promise to make wealthy Americans and corporations pay more in taxes to finance a range of social priorities breathed its last gasp, at least for this presidential term, with the debt ceiling deal he struck with Republicans on Saturday.

01/06 Investors relieved after US House votes to suspend debt ceiling; focus turns to Senate

Investors gave a muted welcome to the U.S. House of Representatives passing a bill that would suspend the government's borrowing limit and avert default, with market focus now turning to the Senate and the interest rate outlook.

01/06 McCarthy's moment: Debt ceiling win secures Republican US House speaker's standing

Kevin McCarthy earned his stripes as Republican speaker of the U.S. House of Representatives on Wednesday, navigating fierce hardline opposition to pass a debt ceiling bill containing federal spending limits that President Joe Biden for months vowed to resist.

31/05 US debt ceiling bill faces narrow path to passage in House

The U.S. House of Representatives is due to vote on Wednesday on a bill to lift the government's debt ceiling, a critical step to avoid a potential economically destabilizing default that could come early next week without congressional action.

30/05 U.S. debt ceiling deal to face its first test in Congress

A bipartisan deal to raise the $31.4 trillion U.S. debt ceiling faces its first test in Congress on Tuesday, setting up what could be a nail-biting week of voting before the United States runs out of money to pay its bills.

29/05 U.S. Republicans tee up debt-ceiling vote in Congress

Republicans in the House of Representatives on Monday laid plans to advance a debt-ceiling deal with Democratic President Joe Biden starting Tuesday, with the aim of passing it through Congress before the U.S. government runs out of money early next week.

29/05 IRS funding cut won't hurt near-term tax collection, officials say

The budget deal struck by President Joe Biden and House Speaker Kevin McCarthy to end a debt-limit crisis should not change the short-term abilities of tax collectors, according to White House officials.

28/05 Analysis: Debt deal could boost unloved corners of US stock market

Global investors are gaming out how a tentative deal to raise the United States debt ceiling could ripple through markets, as lawmakers face a difficult path to pass the agreement through Congress before the June 5 deadline.

28/05 Breakingviews - Breakingviews: Biden gives little, gets less in debt ceiling deal

For President Joe Biden, a debt-ceiling victory comes with a bittersweet taste. The White House and top congressional Republican Kevin McCarthy reached a tentative deal for lifting the government’s borrowing limit on Saturday night. Each party championed the deal as a crucial step toward avoiding a sovereign default. But between broad spending caps and stricter rules for food stamps, Republicans h

28/05 McCarthy's next challenge: sell debt ceiling deal in Congress

After tough negotiations to reach a tentative deal with the White House on the U.S. borrowing limit, the next challenge for House Speaker Kevin McCarthy is pushing it through the House, where it may be opposed by both hardline Republicans and progressive Democrats.

28/05 Reaction: Biden, McCarthy debt ceiling deal

U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, ending a months-long stalemate.

27/05 US debt ceiling negotiations push towards critical default deadline

Democratic and Republican negotiators said they were hopeful of reaching a deal to raise the federal government's $31.4 trillion debt ceiling and avert a disastrous default, with talks expected to resume on Saturday.

26/05 Power transmission deal being considered in US debt limit talks

A bill to boost power transmission between U.S. regions is being considered as part of talks between White House and congressional Republicans to raise the debt ceiling, two sources with knowledge of the talks said.

26/05 U.S. Treasury's Adeyemo sees no ability to 'triage' payments without debt limit hike

Deputy U.S. Treasury Secretary Wally Adeyemo said on Friday that the U.S. government does not have the capability to "triage" payments if the debt ceiling is not raised, adding that invoking the 14th amendment to issue debt will not solve the government's challenges.

26/05 Factbox: Top US credit rating under watch as debt ceiling talks drag on

Drawn-out negotiations between the White House and Republicans to raise the $31.4 trillion debt ceiling have unnerved markets and fanned worries about the economic impact of a possible default.

26/05 Biden, McCarthy looking to close US debt ceiling deal for two years

The White House and congressional Republicans on Friday are putting the final touches on a deal that will raise the U.S. government's $31.4 trillion debt ceiling for two years while capping spending on everything but military and veterans, according to a U.S. official.

26/05 Wall Street prepares for Treasuries mess as default looms

Anxiety is increasing in parts of Wall Street that rely on Treasury securities to function, with some traders starting to avoid U.S. government debt that comes due in June and others preparing to deal with securities at risk of default.

26/05 As US credit risk looms, former S&P officials see 2011 downgrade as vindicated

As the United States stares at the risk of a credit downgrade, former Standard & Poor's officials stood firm behind their seminal 2011 call to slash the country's rating as the right decision.

25/05 US debt default would impact military readiness, morale: top US general

A debt default would deal significant, unambiguous damage to US national security, negatively impacting military readiness, morale and its capabilities, the top US general told a news conference on Thursday.

25/05 Exclusive: Slimmed-down US debt ceiling deal takes shape -sources

U.S. President Joe Biden and top Republican lawmaker Kevin McCarthy are edging close to a deal on the U.S. debt ceiling, with the parties just $70 billion apart on discretionary spending, according to a person familiar with the talks.

25/05 US triple-A credit rating put on downgrade notice by DBRS

The United States was put on review for a downgrade by credit rating agency DBRS Morningstar on Thursday over Washington's debt ceiling haggling, shortly after a similar warning from Fitch.

25/05 White House, Republicans seek to close US debt-ceiling deal as deadline nears

The White House and congressional Republicans are expected to resume talks to raise the $31.4 trillion debt limit, with as little as a week remaining until a potential economically catastrophic default.

25/05 Home is where the hurt is at French Open

It's been 40 years since a French player last won the men's singles title at Roland Garros and Yannick Noah's 1983 achievement is unlikely to be matched this year when the second major of the season starts on Sunday.

24/05 Yellen maintains early June as U.S. debt ceiling deadline

U.S. Treasury Secretary Janet Yellen on Wednesday maintained early June as a debt ceiling default deadline and said she will update Congress shortly about government finances.

09/05 US debt limit default could hit in early June to early August -think tank

The U.S. government will begin defaulting on its payment obligations between early June and early August without an increase in the federal debt limit, the Bipartisan Policy Center said on Tuesday, flagging pressure from a drop in tax revenue.

09/05 Yellen says 'no good options' if Congress fails to raise debt ceiling

Treasury Secretary Janet Yellen said on Monday that a failure by Congress to raise the $31.4 trillion federal debt limit would cause a huge hit to the U.S. economy and weaken the dollar as the world's reserve currency.

08/05 Yellen is calling CEOs personally to warn on US debt ceiling, sources say

Treasury Secretary Janet Yellen is reaching out to U.S. business and financial leaders to explain the "catastrophic" impact a U.S. default on its debt would have on the U.S. and global economies, two sources familiar with the matter said on Monday.

07/05 Yellen warns against debt ceiling talks with 'gun to the head of the American people'

U.S. Treasury Secretary Janet Yellen on Sunday warned that a failure by Congress to act on the debt ceiling could trigger a "constitutional crisis," with consequences for financial markets and interest rates.

05/05 US debt ceiling: How to trade off it

A Washington stalemate on whether to increase the U.S. debt ceiling has raised the risk of a default as early as June and threatens a fresh rout in financial markets.

04/05 Amid US debt-ceiling standoff, Senate Democrats to dissect Republican plan

A Republican plan to cut federal spending in exchange for lifting the federal government's debt ceiling will come under the microscope Thursday in the U.S. Senate, where President Joe Biden's Democrats are expected to frame it as a damaging to the economy.

04/05 White House report: Debt limit default could cost 8.3 million U.S. jobs

A protracted default on U.S. payment obligations could result in the loss of 8.3 million jobs and a 6.1% reduction in economic output, according to an analysis by the White House Council of Economic Advisers released on Wednesday.

03/05 Fed likely to hike rates, hint at pause in tightening cycle

The Federal Reserve is expected on Wednesday to raise interest rates and perhaps signal a pause in its 14-month tightening cycle, as policymakers balance the need to slow inflation against a pressing set of risks ranging from bank failures to the possibility of a U.S. debt default as soon as next month.

02/05 Biden will talk budget but won't negotiate debt ceiling in Congress meeting -White House

President Joe Biden will not negotiate over the debt ceiling during his meeting with four top congressional leaders on May 9, but he will discuss starting "a separate budget process," the White House said on Tuesday.

02/05 Analysis: Biden travel, Congress recess to squeeze debt limit timeline even more

For months, the U.S. crisis over the debt limit has been a political abstraction. Not anymore.

02/05 Schumer sets expedited process to consider clean debt ceiling suspension

U.S. Senate Majority Leader Chuck Schumer on Monday set in motion an expedited process for the chamber to consider a clean two-year suspension of the federal debt ceiling, a Schumer spokesman said.

02/05 Reactions: US Treasury's new June 1 debt ceiling X-date

U.S. Treasury Secretary Janet Yellen said in a letter to Congress that the agency may be unable to meet all of its debt obligations as soon as June 1 if the debt ceiling is not raised, putting new urgency on talks in Congress.

01/05 US to run short of cash June 1 without debt ceiling hike -Treasury

The U.S. Treasury warned on Monday that the federal government could run short of cash to pay all of its bills as soon as June 1 without a debt limit increase, adding urgency to a bitter fiscal fight between congressional Republicans and Democrats and the White House.

25/04 UK borrowing remains "eye-watering" despite beating forecast

Government support for household and business energy bills swelled Britain's budget deficit for the 2022/23 financial year to its fourth-highest on record, but it was still smaller than official forecasters predicted, data showed on Tuesday.

19/04 IRS chief urges 2024 budget hike as Republicans criticize $80 bln spending plan

Internal Revenue Service Commissioner Danny Werfel urged Congress on Wednesday to approve a $1.8 billion annual budget increase as Republicans criticized the agency's spending plans for $80 billion in new long-term funding as too heavy on enforcement.

19/04 Republican McCarthy to unveil plan to lift US debt ceiling by $1.5 trln -source

U.S. House Speaker Kevin McCarthy on Wednesday plans to unveil a plan to raise the nation's debt ceiling by $1.5 trillion, a source said, as Republicans dig in on a standoff with the White House over the government's borrowing limit.

31/03 Ukraine condemns Wimbledon decision to lift ban on Russian players

Ukraine has condemned the "immoral" decision to allow Russian and Belarusian tennis players to compete at Wimbledon after tournament organisers announced Friday they were lifting a ban imposed in 2022.

30/03 Countries in stronger position should help others with debt woes -IMF chief

Countries in a relatively stronger position should help vulnerable nations especially those under debt distress, International Monetary Fund managing director Kristalina Georgieva said on Thursday.

30/03 Analysis: Hiring spree by China's debt-laden local governments fuel fiscal fears

Some of China's most indebted local governments are on a hiring spree, a move that analysts say could put fragile regional finances under more strain as officials seek to create jobs for a record number of graduates entering the workforce this year.

22/03 Sri Lanka receives first tranche of IMF bailout

Sri Lanka has received the first tranche of an IMF bailout programme, President Ranil Wickremesinghe told parliament on Wednesday.

21/03 Sri Lanka's economic crisis: From protests to IMF bailout

The International Monetary Fund (IMF) has approved a nearly $3 billion bailout for Sri Lanka, which could help the country unlock up to $7 billion more from other lenders such as the World Bank and the Asian Development Bank.

21/03 Sri Lanka to receive first tranche from IMF in next two days

Sri Lanka will receive the first tranche of about $330 million from the International Monetary Fund in the next two days, and, going forward, disbursements would be tied to reviews that take place every six months, an IMF official said on Tuesday.

21/03 IMF approves nearly $3 bln bailout for Sri Lanka

The International Monetary Fund (IMF) on Monday said its executive board approved a nearly $3 billion bailout for Sri Lanka, and the country's presidency said the program will enable it to access up to $7 billion in overall funding.

16/03 UK's Labour attacks planned pension changes as giveaway to the rich

Britain's opposition Labour Party vowed on Thursday to reverse the government's planned pension changes, saying they were a giveaway to the top 1% of pension savers at a time when many households are being hit by tax increases and high inflation.

15/03 UK still faces record hit to living standards, OBR predicts

Britain remains on track for a record fall in living standards over the two years to the end of March 2024, despite an upward revision to growth forecasts, the Office for Budget Responsibility (OBR) said on Wednesday.

15/03 UK Budget: Hunt sets out his plan for growth

British finance minister Jeremy Hunt set out his budget on Wednesday, seeking to snap the world's sixth-biggest economy out of its run of stagnant growth. Below are the details as set out in parliament:

15/03 UK no longer forecast to enter recession, Jeremy Hunt says

He added that inflation was forecast to fall to 2.9% by the end of the year.

14/03 Hunt, hemmed in by debt, set to focus on growth in UK budget

British finance minister Jeremy Hunt will announce on Wednesday how he will try to speed up the world's sixth-biggest economy after the shocks of Brexit, a heavy COVID-19 hit and double-digit inflation have left it lagging behind its peers.

14/03 EU converges on principles of new debt rules, no deal yet on details

European Union finance ministers are converging on broad principles of a reform of Europe's fiscal rules to make them fit better with post-pandemic economic realities, but crucial details remain to be negotiated, a document showed.

10/03 Yellen delivers in-person warning to US House members on debt ceiling

U.S. Treasury Secretary Janet Yellen urged members of the U.S. House of Representatives on Friday to raise the federal debt ceiling without conditions, warning that a default on U.S. debt would cause an "economic and financial catastrophe."

08/03 House Republicans to highlight US debt ahead of Biden budget proposal

U.S. House Republicans plan to focus on the federal government's $31.4 trillion debt in a closed-door meeting the day before President Joe Biden unveils 2024 spending plan.

08/03 UK's Hunt to keep tight budget with eye on 2024 election

British finance minister Jeremy Hunt looks set to keep his grip on the public finances in next week's budget, refraining from big tax cuts or spending increases until the next election comes closer into view.

04/03 How deep are Egypt's economic troubles?

Egypt's economy has come under severe pressure over the past year, with the Egyptian pound tumbling, foreign currency drying up, and inflation soaring.

24/02 Malaysia's Anwar eyes smaller deficit in first budget, tightens spending

Malaysia on Friday unveiled a scaled-back spending plan for the year despite a sharply slowing economy as Prime Minister Anwar Ibrahim focuses on narrowing the budget deficit.

21/02 UK government runs unexpected budget surplus in January - ONS

Britain's government ran an unexpected budget surplus in January, reflecting strong income tax receipts that could give finance minister Jeremy Hunt a little more leeway than he thought as he prepares his annual budget.

17/02 Republican U.S. Senator Rick Scott drops plan to cut Social Security, Medicare

U.S. Senator Rick Scott on Friday revised his plan to end all federal programs after five years to exclude the popular Social Security and Medicare programs, after enduring weeks of mounting criticism from Democrats and his fellow Republicans.

15/02 Congressional budget forecast to provide insight on U.S. debt ceiling deadline

The Congressional Budget Office (CBO) on Wednesday will provide some clarity on when the United States may default on its payment obligations if lawmakers fail to raise the federal borrowing limit amid a tense partisan spending stand-off.

14/02 Who is Jared Bernstein, new chief White House economist?

U.S. President Joe Biden is expected on Tuesday to nominate a trusted confidante and long-time economic adviser Jared Bernstein to head the White House Council of Economic Advisers, part of a broader shakeup ahead of an expected 2040 campaign.

11/02 U.S. posts $39 billion January deficit after pension fund bailout

The U.S. government posted a $39 billion budget deficit for January after a $119 billion monthly surplus a year earlier, as revenues dipped and one-time costs, including the bailout of a union pension fund, pushed outlays sharply higher, the Treasury Department said on Friday.

10/02 Pakistan, IMF agree on more talks, delaying bailout

Pakistan and the International Monetary Fund have agreed to continue talks on a deal, delaying the disbursement of $1.1 billion in funding critical to keeping the South Asian economy afloat.

09/02 Exclusive: JPMorgan CEO says economy doing 'OK' but cites potential storm clouds

JPMorgan Chase & Co. Chief Executive Jamie Dimon told Reuters on Wednesday that the U.S. economy remained in good shape, but warned "sticky" inflation could prompt the Federal Reserve to raise interest rates above 5%.

08/02 Sri Lanka seen returning to growth by year-end, president says

Sri Lanka's economy is expected to grow again from the end of this year and the government wants the country to exit bankruptcy by 2026, President Ranil Wickremesinghe told parliament on Wednesday.

06/02 Biden will insist that raising debt limit is not 'bargaining chip' -White House

U.S. President Joe Biden will insist in his State of the Union address that raising the debt limit of the United States is not negotiable and should not be used as "bargaining chip" by U.S. lawmakers, his top economic adviser Brian Deese said on Monday.

01/02 India's Budget 2023 highlights

The Indian government on Wednesday unveiled a 45 trillion rupees ($549.14 billion) spending budget for the next fiscal year starting April to boost economic growth, while aiming to lower fiscal deficit before elections due next year.

01/02 India pegs fiscal deficit at 5.9% of GDP, gross borrowing at 15.43 trillion rupees

India's federal government will target a budget deficit of 5.9% of GDP for 2023/24, Finance Minister Nirmala Sitharaman said in her budget speech on Wednesday, while pegging gross market borrowing at an estimated 15.43 trillion rupees.

01/02 Biden-McCarthy debt ceiling talks to set tone for divided Washington rule

President Joe Biden and Republican House Speaker Kevin McCarthy are set to discuss the nation's $31.4 trillion debt ceiling on Wednesday, a meeting that will give a first sign of how the two will work together, or fail to, in a divided Washington.

01/02 Analysis: Pakistan moves toward deal-or-default endgame

Pakistan's full-blown economic turmoil, from its biggest ever currency devaluation to a rash of emergency spending cuts, offers the clearest sign yet that the nuclear-armed nation faces the risk of a default unless it receives massive support.

01/02 India budget to raise capex by 33% as jobs, infrastructure take priority

India's government will raise its capital expenditure by 33% to 10 trillion rupees ($122.29 billion) in the next fiscal year, the finance minister said on Wednesday, as Prime Minister Narendra Modi tries to create jobs ahead of a general election.

30/01 RBI to hike repo rate by 25 bps in Feb, ending tightening cycle: Reuters poll

The Reserve Bank of India is expected to raise its main interest rate by a modest 25 basis points to 6.50% at its meeting one week after New Delhi's Feb. 1 budget, before leaving it at that level for the rest of the year, a Reuters poll of economists found.

29/01 House Speaker McCarthy will meet with Biden on debt ceiling, spending

U.S. House of Representatives Speaker Kevin McCarthy said on Sunday that he will meet with President Joe Biden on Wednesday to discuss raising the federal debt ceiling while controlling government spending, adding that Republicans will not allow a U.S. debt default.

28/01 U.S. Senate Republicans put Biden on notice over debt ceiling

Two dozen U.S. Senate Republicans warned Democratic President Joe Biden on Friday that they would not support increasing the federal debt ceiling without at least an equal amount of spending cuts to government programs or structural reform.

27/01 UK's Hunt pledges to boost growth but won't budge on tax hikes

British finance minister Jeremy Hunt will promise on Friday to tackle the country's weak productivity with post-Brexit finance reforms to boost growth, but he will also stick to the tax rises that have angered some lawmakers in his Conservative Party.

25/01 Factbox: The U.S. Treasury's tools to avoid breaching debt limit

As a battle between Republicans and Democrats over raising the federal debt ceiling unfolds, the U.S. Treasury has begun using extraordinary cash management measures to keep the U.S. government from breaching the $31.4 trillion borrowing limit.

25/01 Splits emerge as U.S. House Republicans demand Biden negotiate on debt limit

Republicans who control the U.S. House of Representatives are divided over how hard a line to take on the debt ceiling, but were united on Wednesday in demanding that Democratic President Joe Biden agree to negotiate on spending as part of any deal.

25/01 Factbox: When might the U.S. default? Timeline of key events in debt limit battle

Just days into a new sitting of the U.S. Congress, lawmakers are confronting what will be perhaps the most pivotal legislative issue of 2023: the national debt limit.

25/01 NATO's Stoltenberg expects allies to lift defence spending target

NATO Secretary General Jens Stoltenberg expects the alliance's member states to raise their current spending target on defence of 2% of national output when they meet for a summit in Vilnius in July, he told German newspaper Die Welt.

25/01 China tells U.S. to fix its own debt problems after Yellen Africa remarks

The U.S. treasury secretary had called China a barrier to debt reform in Africa.

24/01 McConnell: U.S. debt limit solution must come from Biden, McCarthy

Any agreement to address the U.S. debt ceiling and avoid a first-ever default by Washington will have to come from President Joe Biden and House of Representatives Speaker Kevin McCarthy, the top Senate Republican said on Tuesday.

24/01 U.S. Treasury activates another maneuver to avoid breaching debt limit

U.S. Treasury Secretary Janet Yellen activated another extraordinary cash management measure on Tuesday to avoid breaching the federal debt limit, suspending daily reinvestments in a large government retirement fund that holds Treasury debt, the department said.

24/01 Explainer: Shutdown? Default? Washington's risky new debt ceiling standoff

Partisan brinksmanship in the U.S. Congress has made government shutdowns seem a routine part of governing in the past decade, but the current standoff in Washington over raising the $31.4 trillion federal debt ceiling is significantly riskier.

24/01 Japan sees rising interest rates expanding its growing debt pile

Japan raised its estimates for long-term interest rates over the coming few years in twice-yearly fiscal projections issued on Tuesday, following the central bank's move last month to allow 10-year bond yields to move more widely.

23/01 Japan finmin warns of severe finances as BOJ struggles to contain yields

Japan's finances are becoming increasingly precarious, Finance Minister Shunichi Suzuki warned on Monday, just as markets test whether the central bank can keep interest rates ultra-low, allowing the government to service its debt.

23/01 Indian govt to borrow a record 16 trillion rupees in fiscal 2023/24 - Reuters poll

The Indian government will borrow a record 16 trillion rupees ($198 billion) in the fiscal year to March 2024, according to a Reuters poll of economists, who said infrastructure spending and fiscal discipline ought to be its highest budget priorities.

22/01 U.S. lawmakers preparing plan to avert debt-ceiling crisis

A bipartisan group of U.S. lawmakers is preparing a plan to defuse a looming crisis over the nation's debt ceiling by changing it from a fixed dollar amount a percentage of national economic output, the group's top Republican said on Sunday.

20/01 Biden, McCarthy to meet on debt limit as Yellen warns of consequences

Treasury Secretary Janet Yellen on Friday warned that the U.S. government cannot choose to pay some bills over others if Congress fails to raise the borrowing limit, as President Joe Biden and top Republican Kevin McCarthy made plans to meet to discuss the issue.

20/01 Biden: We're going to have discussion about US debt with House leader

President Joe Biden said on Friday that "we're going to have a discussion" with House of Representatives Speaker Kevin McCarthy about the U.S. debt ceiling.

20/01 Trump warns U.S. House Republicans not to touch Social Security, Medicare

Former President Donald Trump warned his fellow Republicans on Friday not to "destroy" federal retirement and health benefits as they try to exact spending cuts from President Joe Biden and his Democratic allies in the looming debate over the debt ceiling.

19/01 Davos 2023: Goldman Sachs CEO concerned about debt ceiling

Goldman Sachs Group Inc.'s Chief Executive David Solomon expressed serious concern on Thursday that a political standoff over the U.S. debt ceiling could lead to a fiscal crisis.

19/01 U.S. government touches debt limit

The U.S. government was due to hit its $31.4 trillion borrowing limit on Thursday, amid a standoff between the Republican-controlled House of Representatives and President Joe Biden's Democrats that could lead to a fiscal crisis in a few months.

18/01 Davos 2023: Saudi Arabia changing no-strings aid, minister says

Saudi Arabia's finance minister said on Wednesday the kingdom is changing the way it provides assistance to allies, shifting from previously giving direct grants and deposits unconditionally.

18/01 Davos 2023: Saudi Arabia changing no-strings aid, finance minister says

Saudi Arabia's finance minister said on Wednesday the kingdom is changing the way it provides assistance to allies, shifting from previously giving direct grants and deposits unconditionally.

18/01 Davos 2023: Saudi finance minister says China 'very important', U.S. 'strategic partner'

Saudi Arabia's finance minister said on Wednesday that China "is very important for Saudi" and its largest trade partner, "but also the U.S. is a very important and strategic partner".

16/01 Analysis: Russia's falling oil revenues could create vicious circle for budget, rouble

Russia's attempts to plug its budget deficit by selling foreign currency reserves could lead to a vicious circle that pushes the rouble higher and further reduces the Kremlin's crucial export revenues, analysts say.

15/01 House Oversight Committee chair urges spending cuts to avoid U.S. debt default

House Oversight Committee Chairman James Comer said on Sunday he hoped a U.S. debt default could be avoided but put the onus on Democrats to agree to spending cuts being pushed by his fellow Republicans.

13/01 Analysis: Russia may hike taxes as military spending, oil price weigh on budget

Russia is becoming too dependent on oil revenues to support its budget as it ramps up military spending, economists said, warning that the government may have to raise taxes if prices of crude fail to meet expectations this year.

12/01 Analysis: Macron's pension reform gains risk social pain

President Emmanuel Macron's plans to raise the retirement age by two years may deliver meagre economic and financial gains over time, but come at the cost of infuriating unions and aggravating workers already stung by the inflation crisis.