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President Barack Obama along with several Republican and Democratic congressional leaders held a fourth round of negotiations in as many days Wednesday at the White House aimed at achieving a deficit reduction and debt compromise. With media reports
Negotiations between President Barack Obama and Republican lawmakers appear deadlocked, with Republican leaders sharply criticizing Mr. Obama's approach in talks about slashing U.S. budget deficits and raising the government's borrowing limit. The pr
President Barack Obama says congressional leaders from both political parties need to do the right thing and work with him to achieve the largest possible compromise to cut deficit spending and raise the national debt limit. Mr. Obama used a news con
With a little more than a month until a deadline to raise the nation's debt limit, President Barack Obama met on Monday with the top U.S. Senate Democratic and Republican leaders to try to narrow differences in long-running talks on reducing governme
The head of the International Monetary Fund says economic recovery is still possible, but it is getting harder. In Washington, IMF Managing Director Christine Lagarde said Thursday that troubled economies have fewer resources now than at the start of
White House officials say they will assess Friday whether they can reach a deal with opposition Republicans on raising the U.S. governments legal borrowing limit. President Barack Obama negotiated with top lawmakers from both parties Thursday, with a
The Democratic Party-controlled U.S. Senate has blocked a plan passed by the Republican-controlled House of Representatives to cut the country's budget and raise its debt ceiling. The vote Friday puts the emphasis on talks between the White House and
ATHENS, Dec. 7 (Xinhua) -- Greek finance ministry officials appeared confident over the outcome of the debt buyback plan shortly before the Friday evening deadline, expressing optimism that targets set would be reached and the country's debt burden w
NEW YORK, Jan. 27 (Xinhua) -- The U.S. stocks closed mixed on Friday as U.S. economic growth in the last quarter last year missed the expectation, while the near-conclusion Greek debt talks inject optimism. The Dow Jones industrial average lost 74.17
Amid the specter of a possible default on U.S. debt obligations - and dire warnings from economists, investors, and credit ratings agencies - Washington remains mired in a political standoff, blocking a deficit-reduction deal that would pave the way
Greece is nearing its goal of getting the country's private lenders to eliminate $142 billion of the country's debt to help it avoid a default on its financial obligations later this month. A government official told news agencies Thursday in Athens
President Barack Obama says U.S. lawmakers have a unique opportunity to stabilize the nations economy for a decade or more. But, the president said Friday time is running out for a deal to raise the governments legal debt limit and cut deficits. At h
Greece and Spain faced new pressure Tuesday from the European debt crisis. The European Union bluntly told the Athens government it would not receive its next $11 billion installment from last year's bailout unless its fractious political leaders sig
BEIJING, Feb. 14 (Xinhua) -- Chinese Premier Wen Jiabao said Tuesday that China has been ready for a bigger part in the resolution of the European sovereign debt issue. Wen made the remarks when meeting reporters with European Council President Herma
The White House says it remains confident that congressional leaders can come together and work out a way to raise the U.S. debt ceiling before an August 2 deadline. A top aide to President Obama spoke as Republicans controlling the House of Represen
The U.S. House of Representatives has approved a compromise deal to raise the country's debt limit and cutting spending, one day before the government is due to start defaulting on its debt. In a vote Monday night, 269 House members approved the deal
The U.S. House of Representatives is expected to vote Thursday on a Republican plan to trim government spending and raise the federal borrowing limit. The vote comes days before a deadline to avert a possible default on U.S. debt obligations that Pre
In another dramatic evening on Capitol Hill, the Republican-controlled U.S. House of Representatives passed a bill to cut spending and raise the debt ceiling. The Democratic-controlled Senate moved quickly, however, to vote to kill the House bill. It
BEIJING, March 1 (Xinhua) -- China will boost the clean-up of thousands of millions of local government's debt in 2012, so to guard against possible defaults that would hurt its banks, the country's banking regulator said Thursday. The country will f
President Barack Obama says there is no doubt that the European Unions agreement to slash Greeces debt and enlarge a bailout fund is progress. The president says strong execution of the plan is essential. After meeting Thursday with the Czech Republi