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US Congress averts default with stop-gap debt limit hike
Democratic leaders had spent weeks underlining the havoc that a default would have wrought.
Your contributions will help us continue to deliver the stories that are important to you
Democratic leaders had spent weeks underlining the havoc that a default would have wrought.
Everyone’s talking about the health budget, racial profiling and murder arrests.
Just 12 hours before the US defaulted on its debt, a deal has been reached, a Republican senator has said.
Fitch has placed the US credit rating on a Negative Watch, as the stock market fell today.
Yes, it’s the debt ceiling issue again.
A high-risk plan by Democratic Senate leader Harry Reid is expected to be opposed by Republicans, but it is not known if they will take the step of filibustering it.
How did this happen, what does it mean and what’s going to happen next? TheJournal.ie explains all.
“There are no magic tricks here,” says the President, dismissing suggestions that a $1 trillion platinum coin could be minted.
The President puts a firm end to major spending cuts, for now – using a novel (but legally questionable) piece of kit.
European markets are all enjoying a healthy start to the year, while US futures have also welcomed the deal.
Is that the end of the ‘fiscal cliff’ talk then? Maybe. But the debt ceiling chat is back.
The US is facing a potentially devastating financial crisis in less than a week but what is it all about, what impact will it have on Ireland and what’s got to happen if it is to be avoided? TheJournal.ie explains…
The defeated vice-presidential nominee intends to stay on as the Republicans’ leading fiscal spokesman.
2011 may be remembered in future as the year we sorted out the financial crisis – or the year in which it grew beyond our control.
Deven Sharma, the president of Standard & Poor’s, will step down within a month after facing criticism for lowering the US’s rating.
Fitch and Moody’s say they’ll be letting Standard & Poor’s go on a solo run – with two of the three agencies refusing to downgrade.
The world’s stock markets are all down, as the joy over the US deal to avert a default quickly peters out.
In today’s Fix: Norris bows out of presidential race, US avoids a debt default and Foo Fighters… coming soon to a garage near you.
The Senate voted by 74 votes to 26 to pass the hard fought bill. Obama has said that it’s the first step to ensuring America lives within its means.
Bank Holiday Monday’s Fix: The latest on the David Norris controversy, debt vote imminent in the US and video of Castlepalooza 2011 finishing off in style…
Negotiations to raise the US debt ceiling continue at the White House as Tuesday’s default deadline looms closer.
Every evening, TheJournal.ie brings you a round-up of the day’s main news stories, as well as the bits and pieces you may have missed.
Obama calls for common ground as Republicans and Democrats again fail to reach an 11th hour deal on the US debt ceiling.
The US president’s Twitter account is being used to ask followers to urge Republicans to reach a compromise on the debt ceiling.
John Boehner calls off a vote on a draft plan to cut the US deficit, amid fears that party members wouldn’t back it.
Struggling to keep up with the political logjam in the US? Let us explain what’s going on – and why it matters to Ireland.
A bipartisan Congress prepares for yet more gridlock, as the clock ticks down on staving off a United States default.
Time is running out for an agreement on lifting America’s debt ceiling…
The US president told Republicans ‘enough is enough’ over the debt ceiling, while the rating agency Moody’s has threatened to review the USA’s AAA rating.
Our daily wrap-up of what’s been going on – including a tongue-in-cheek tour of a certain house in Abbottabad…
Timothy Geithner tells Congress that the US has reached its legal limit for debt – and he’ll need to take drastic action.