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We humans, as author, mathematician and former options trader Nassim Nicholas Taleb observes, “lack imagination to the point of not even knowing what tomorrow’s important things will look like.” That is unless we’re talking about Asia’s view of the battle underway on Capitol Hill over the US deficit.   Taleb, famous for his 2007 bestseller “The […]

Sundar Pichai, CEO of Google, reacts during a meeting with U.S. President Joe Biden, India’s Prime Minister Narendra Modi and senior officials and CEOs of American and Indian companies in the East Room of the White House in Washington, U.S., June 23, 2023. REUTERS/Evelyn Hockstein/File Photo

US president signs legislation lifting the debt ceiling, averting a catastrophic default on the federal government’s debt. With just two days to spare, President Joe Biden has signed legislation that lifts the nation’s debt ceiling, averting an economically disastrous default on the federal government’s debt. The White House announced the signing on Saturday, done in […]

WASHINGTON, June 3 (Reuters) – President Joe Biden on Saturday signed a bill that suspends the U.S. government’s $31.4 trillion debt ceiling, averting what would have been a first-ever default. The House of Representatives and the Senate

SINGAPORE, June 2 (Reuters) – Asian stocks jumped on Friday on increasing expectations that the Federal Reserve might stand still on rates and after the U.S. Senate passed legislation lifting the government’s $31.4 trillion debt ceiling, avoiding a catastrophic default.

London CNN  —  With the threat of an unprecedented US debt crisis receding fast, the global economy looks to have dodged a huge shock. But there are still plenty of storm clouds darkening the outlook.

[1/2] U.S. House Speaker Kevin McCarthy (R-CA) speaks with reporters as he arrives for the day in the midst of ongoing negotiations seeking a deal to raise the United States’ debt ceiling and avoid a catastrophic default, at the U.S. Capitol in Washington, U.S. May 26, 2023. REUTERS/Jonathan Ernst WASHINGTON, May 27 (Reuters) – Democratic […]

WASHINGTON, May 26 (Reuters) – Democratic President Joe Biden and a Republican negotiator said on Friday they were working on a deal to raise the U.S. government’s $31.4 trillion debt ceiling after the Treasury Department warned that a June 5 default loomed without action. The two sides have been negotiating for weeks on an agreement […]

London CNN  —  The global economy has been hit by two huge shocks in three years. It might be about to suffer a third in the shape of a US debt crisis

WASHINGTON, May 25 (Reuters) – U.S. President Joe Biden and top congressional Republican Kevin McCarthy are closing in on a deal that would raise the government’s $31.4 trillion debt ceiling for two years while capping spending on most items, a U.S. official told Reuters. The deal, which is not final, would increase funding for discretionary […]


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