Article Related To debt limit

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 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.

The government debt level trajectory is forecast to remain within the statutory debt limit in the medium term.

The government will be tabling a motion on raising its statutory debt limit from 60 per cent to 65 per cent of GDP.

This is to fund the raise in the ceiling cap for the COVID-19 Fund from RM65 billion to RM110 billion.

Tengku Zafrul said the proposal will be implemented immediately after being approved by Parliament.

Increasing the statutory debt limit is the need of the hour for Malaysia as the global battle against COVID-19 continues with the government seeking extra fiscal room.

The debt-to-GDP ratio would probably increase to above 60 per cent by year-end.

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.

Datuk Seri Najib Tun Razak has urged the government to raise the statutory debt limit from 55 per cent of the gross domestic product (GDP)

Technically, the legislative body could increase the debt limit but this depended on what it had to say and Malaysia would wait for the decision.

US government employees head back to work after President Barack Obama signed a law ending a government shutdown and extending the US debt limit.

Before global leaders address plastic pollution, a Japanese manicurist highlights the issue by incorporating it into her nail designs.

Here's a timeline of events between now and inauguration day.

In Malaysia, over half a million road accidents have been recorded so far this year.

The Dutch state, as a signatory to the 1948 Genocide Convention, has a duty to take all reasonable measures at its disposal to prevent genocide.

Moves by Trump and his appointees to eliminate existing rules will be met with legal challenges, as many progressive groups and Democratic officials have made clear.

Consultations on PTPTN loans and admission to IPTA are among services provided at the Higher Education Ministry booth.

Almost 200 residents from 60 homes in Kampung Tanjung Kala have ended up stuck when their 200-metre (m) long concrete bridge flooded.

The draft finance deal criticised by both developed and developing nations.

This was following the discovery of a suspected prohibited item in luggage.

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.