United States debt-ceiling crisis

The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy.

Even before seeing those details, some lawmakers were criticizing the deal as not doing enough to tackle the nation's debt, while others worried it's too austere and will harm many low-income Americans.

US President Joe Biden and Speaker of the House of Representatives Kevin McCarthy have reached an agreement in principle on the thorny issue of the debt ceiling, world agencies reported, citing Kevin McCarthy. This is a key stage in avoiding a US default.

President Joe Biden and House Speaker Kevin McCarthy both said they had a productive debt ceiling discussion late Monday at the White House, but there was no agreement as negotiators strained to raise the nation's borrowing limit in time to avert a potentially chaotic federal default.

U.S. Treasury Secretary Janet Yellen has warned that unless Congress acts soon to raise the nation's debt ceiling, "financial and economic chaos would ensue."    

Republicans have been pressing President Joe Biden to strike a deal to provide spending cuts in exchange for lifting the national borrowing limit.    

President Joe Biden, the Republicans and the U.S. economy were on a disastrous collision course yesterday after the White House made clear it will not negotiate over extending the nation's debt limit.

Treasury Secretary Janet Yellen warns that the government will run out of money and default on its debts as soon as June 1, if there is no authorization for more borrowing.

U.S. Treasury Secretary Janet Yellen said in an Associated Press interview Saturday she expects Congress will ultimately vote to raise America's debt limit, but demands by House Republicans for spending cuts in return for backing an increase are "a very irresponsible thing to do" and risk creating a "self-imposed calamity" for the global economy.

A trillion dollar coin could be created by the US Minister of Finance and deposited into the account of the US Central Bank to repay an equivalent share of US debt. In full impasse on the debt ceiling, the idea, considered far-fetched, is evoked by elected officials and on social networks.

Greece raised 1.3 billion euros in the last treasury bill auction for 2019 at zero yield, the country's Public Debt Management Agency (PDMA) said on Tuesday in a statement.
The 26-week treasury bills were sold at zero percent compared to a minus 0.02 percent yield in the previous similar auction held on December 4, according to the statement.

The Turkish Treasury concluded its domestic bond sales for March with less than initially planned amount of borrowing.

Israel's improved economic growth and efforts to rein in spending prompted Standard & Poor's to raise the outlook on the country's debt profile, the credit rating firm has announced.