GOP proposes short-term debt limit deal2013-10-11
U.S.House Speaker John Boehner said Thursday that Republicans planned to offer a temporary short-term debt ceiling increase to negotiate with Democrats.
China warns US over debt default2013-10-09
As the partial shutdown continues in Washington, the world's biggest economy is facing another looming crisis. The first US sovereign default could become a reality if Congress fails to reach an agreement to raise the debt limit by October 17th. However, negotiations on Capitol Hill appear to be going nowhere as Republicans insist on defunding the president's signature healthcare initiative, Obamacare.
China's Vice-Minister of Finance Zhu Guangyao on Monday warned Washington that "the clock is ticking" to reach a compromise and urged US officials to ensure the safety of Chinese assets.
China biggest foreign holder of US govt debt2013-10-02
Along with millions of Americans, the US government closure could also hit China.According to the latest US Treasury data, China remains America's biggest foreign creditor.
U.S. Fed delays QE tapering2013-09-22
The U.S. Federal Reserve on Wednesday surprised the markets by delaying the long-debated tapering of its current monthly 85-billion-dollar bond buying program, citing concerns over tighter financial conditions and fiscal headwinds, leaving the actual wind-down of the monetary stimulus down the road.