fiscal cliff

After bitter New Year brinksmanship, the US Congress finally backed a deal to avert a "fiscal cliff" of tax hikes and massive spending cuts that had threatened to unleash economic calamity.

US lawmakers gave themselves a New Year's resolution of sorts, but it was nearly a lump of coal: a "fiscal cliff" bill that few like, and which highlights the dysfunction gripping Washington

The Republicans are angry the pact raises taxes on the rich and yet does nothing to cut spending on social programs that swell the deficit.

The White House and top Republicans struck a dramatic deal to avert huge New Year tax hikes and postpone automatic spending cuts that had threatened to send the US economy into recession.

The search for an elusive fiscal deal aimed at avoiding blanket tax hikes and drastic spending cuts was in the hands of US Senate leaders Saturday.

US President Barack Obama rushed back to Washington on Thursday in a last ditch bid to halt America's slide over the "fiscal cliff".

Oil prices rose in Asia Tuesday, with hopes rising of a US deal to avert the fiscal cliff after a meeting between President Barack Obama and top Republican lawmaker John Boehner, analysts said.

Asian markers rose on Wednesday as dealers welcomed signs of progress in US fiscal cliff talks and upbeat data from Germany and Spain.

Asian stocks tumbled Thursday as hopes began to fade for a quick agreement among US leaders to avoid a "fiscal cliff" that could derail the world's biggest economy.

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.