Debt Deal

Economists had warned the country could run out of money to pay its bills by Monday -- leaving almost no room for delays in enacting the Fiscal Responsibility Act, which extends the government's borrowing authority through 2024 while trimming federal spending.

Global markets rise on optimism over oil, Greece

Global optimism lifted equity markets on May 26, fuelled by oil breaking through USD 50 and a debt deal for Greece, but gains were curtailed by profit-taking pending G7 developments and any hints on the next US rate move

Senate debt deal 'very possible': Sen. Bob Corker

It's widely acknowledged that agreements between Republicans and Democrats need to be reached on two fronts. They have to raise the nation's borrowing limit before the Thursday deadline set by the Treasury, and end the government shutdown now in its 14th day.

Global mkts 95% sure that debt deal will be reached: NAB

In an interview to CNBC-TV18, Nick Parsons of National Australia Bank said, the global markets are 95% convinced that Greek debt agreement will be reached.

Rising debt cause of concern, stick with rating, says S&P

The US credit downgrade has sent global equity markets in a downslide. In an interview with Maria Bartiromo, Deven Sharma, President of Standard & Poor's said that the decision was made mainly because of the rising debt levels and the process of resolving things.

Band-aid deal no real relief, Nifty will stay tied to range

There has been no real relief rally after the passage of the debt deal, believes CNBC-TV18’s Udayan Mukherjee. He says the market just got pegged back a little and it takes the sting out of the very modest pullback. The Indian market which is tied to a trading range, Mukherjee says will yet again need to grind out a bit longer.

Wall Street turns lower as factory data weighs

US stocks turned negative after a strong opening on Monday as relief over a last-ditch debt deal in Washington faded after a weak reading on the manufacturing sector.

US debt crisis: What to expect?

Here is what to expect on Thursday as lawmakers try to close in on a deal for Congress to raise the US government's USD 14.3 trillion borrowing limit by an August 2 deadline and avoid a debt default: