Suspension of US debt limit wins final congressional approval

Reuters : Washington, Fri Feb 01 2013, 10:00 hrs

Ads by Google

Top Stories

Murray said this would contrast with recent Republican budget plans that would gut investments in jobs and education, cut taxes for the wealthy and "end Medicare as we know it."

May 19 is not necessarily a deadline to avoid default. The Treasury would be able to redeploy its emergency cash management measures, likely pushing a final day of reckoning into July.

The government is on track to amass a deficit exceeding $1 trillion for its fifth straight fiscal year. That trajectory, if left unabated, would likely lead to a US credit rating downgrade.

Page : 1 2 3 Single Page Format

Ads by Google

ALSO READ

Huawei and ZTE, respectively the world's No. 2 and No. 5 telecom equipment makers. (Reuters)

EU cites Chinese telecoms Huawei and ZTE for trade violations

Talk show queen Oprah Winfrey has reportedly sold her flagship Oprah Store at a loss of $1 million. (Reuters)

Oprah Winfrey sells store at $1 million loss

The record-breaking sale's top lot was Jackson Pollock's 'Number 19, 1948,' one of his seminal drip paintings. (Reuters)

Christie's contemporary art sale is biggest auction in history

Americans eating more smoked seafood products

Please read our terms of use before posting comments

TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).