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.

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.

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.