Article Related To debt ceiling

The pressure on the ringgit against the US dollar is hoped to lessen when the US debt ceiling issue is resolved over the next few days.

The US dollar firmed up in late trading on Wednesday as US leaders expressed optimism over debt limit negotiations, reported Xinhua.

US President Joe Biden will not travel to Papua New Guinea and Australia later this month as originally planned due to the ongoing stalemate in negotiations with congressional leaders

US President Joe Biden says he is "optimistic" about his talks with Republicans on raising the debt ceiling and will likely meet with congressional leaders on Tuesday, reported Sputnik.

His trip comes the day after he met with top Republican and Democratic lawmakers for the first time in three months to try to move forward on the debt ceiling.

There is currently no need to increase the national statutory debt ceiling to more than 65 pct of the GDP, said Deputy Finance Minister, Datuk Seri Ahmad Maslan.

The government has asserted the importance of increasing the debt ceiling to 65 per cent of GDP to have a wiggle room to finance the government's budget deficit in the medium term.

The fiscal strategy shouldn't be to broaden the fiscal base as yet.

The government has never used the Emergency Ordinance to raise revenue or increase spending beyond the statutory debt ceiling approved by Parliament in August 2020.

The debt-to-GDP ratio is expected to touch 60 per cent in 2021.

The Government's recent move to increase its debt ceiling of the GDP to 60 per cent, would definitely give it some flexibility to manoeuvre an expanded fiscal policy.

Some 800,000 government employees were forced off the job this month when Congress could not agree on a budget for the new fiscal year.

The US Treasury says that from October 17 it will not have enough cash on hand to pay its bills unless the Congress increases the $16.7 trillion cap on its power to borrow more money.

Obama came out against a proposal to extend for just weeks the country's authority to borrow money as talks with Republicans entered Day 12.

Speaker John Boehner said the Republican-controlled House would not raise the US debt ceiling without concessions from the White House.

Donald Trump says he would impose the tariffs until China stops the flow of illegal drugs, particularly fentanyl, into the United States.

Topping the demands of Khan's Pakistan Tehreek-e-Insaf (PTI) party is the release of all its leaders, including Khan, who has been jailed on a series of corruption charges since August 2023.

The report highlights that "60 per cent of all female homicides" are committed by "people closely related to them".

Two subsea cables, one linking Finland and Germany and the other connecting Sweden to Lithuania, were damaged in less than 24 hours.

It is clear that adding more lanes and highways doesn't work, because we are still attempting the same approach to solve the issue.

This investment includes efforts to upgrade INOKOM's existing assembly capacity to meet Hyundai's automotive needs.

'C4Cinta', directed by young filmmaker Karthik Shamalan, has set a new benchmark in Malaysian Tamil cinema.

The court denied bail and scheduled case mention on Feb 7 for the submission of forensic, autopsy, and chemist reports.

The classroom assessment approach offers a much more interesting learning ecosystem, says Fadhlina Sidek.

Google and Meta says the government should wait for the results of an age-verification trial before going ahead.