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Tag Archives: u.s. treasury

White House open to short-term hike in debt limit

WASHINGTON — Senate Democrats intend to introduce legislation by mid-week to raise the nation’s debt limit without the type of unrelated conditions Republicans have said they intend to seek, officials said Monday, as the White House signaled it would accept ...

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U.S. Treasury takes step to avoid hitting debt limit

WASHINGTON — The federal government says it will temporarily suspend sales of U.S. Treasury securities to state and local governments at noon on Friday, the first step to avoid breaching the nation’s borrowing limit. The move announced Wednesday by Treasury ...

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Oil hovers near $90 amid Europe action hopes

The price of oil hovered near $90 a barrel on Monday, holding onto most of the previous week’s gains, as expectations remain elevated that the European Central Bank would act to prevent Spain’s financial woes from deepening. By early afternoon ...

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IMF urges U.S. lawmakers to raise $14.3T debt limit

WASHINGTON — The International Monetary Fund urged U.S. lawmakers Wednesday to raise America’s borrowing limit. It warned that inaction could lead to a spike in interest rates that would harm the U.S. economy and world financial markets. The debt limit ...

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