Debt Ceiling
latest news & developments
Obama backs Senate deal in bid to avoid US debt default
US President Barack Obama has pushed through a Senate deal aimed at averting a debt default and ending a government shutdown.
SA Reserve Bank ‘monitoring’ possible US debt default
The Reserve Bank is keeping a watchful eye on whether the US will default on its debt payments.
The US debt ceiling in a nutshell
If the White House and Congress cannot reach a deal by October17, the U Swill default on its debt. Heidi Moore answers the frequently asked questions.
Obama faces tight restraints in crafting job plans
President Barack Obama is preparing a September jobs package to crank up employment but is hamstrung by budget cuts and a tight debt ceiling.
Obama says he inherited US economic problems
US President Barack Obama said on Monday he inherited many of the country’s problems with high debt and deficits when he entered the White House.
Standard & Poor’s downgrades US credit rating
Credit rating agency Standard & Poor’s on Friday downgraded the US credit rating for the first time since 1917.