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World

Biden expected to sign budget deal to raise US debt ceiling

President Joe Biden is expected to sign legislation to raise the US debt ceiling, just two days before the US Treasury warned that the country would struggle to pay its bills. The bipartisan measure, which was approved this week by the US house and ...

03 Jun 2023 at 10:49

City

More than £40bn wiped from FTSE 100 as US debt ceiling talks drag on

The share index which houses the biggest companies in London has seen its value slashed by as much as £44 billion as fears finally started to escalate that the US might default on its debt. Global markets were shaken by a widespread sell-off which ...

24 May 2023 at 16:38

World

Trump shows his approval as Congress agrees deal to avoid government shutdown

President-elect Donald Trump announced “success” in coming up with a new plan to fund the US government and lift the debt ceiling a day before a government shutdown, urging Congress to swiftly pass it in votes as soon as Thursday evening. Mr ...

19 Dec 2024 at 21:53

World

What happens next in the US debt crisis?

After weeks of negotiations, US President Joe Biden and House Speaker Kevin McCarthy have announced an “agreement in principle” to raise the nation’s debt ceiling and avoid a potentially catastrophic default. The agreement includes spending ...

28 May 2023 at 14:13

World

Joe Biden signs budget deal to raise debt ceiling for US

President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling, averting an unprecedented default on the federal government’s debt. The White House announced the signing, done in private at the White House, in an ...

03 Jun 2023 at 19:26

Victoria and Albert Museum to redevelop South Asia gallery after funding support

The Victoria and Albert Museum is to display a rare ceiling from India for the first time for more than 70 years when it redevelops its South Asia gallery over the next few years. The project will see the central London museum create a ...

27 Sept 2024 at 00:01

World

US debt ceiling deadline to be extended

US Treasury Secretary Janet Yellen has said the projected debt ceiling deadline is extended to June 5, four days later than previously estimated. Ms Yellen renewed her warning in a letter to Congress that inaction on raising the ...

26 May 2023 at 22:23

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