tldrdaily.news logo
Tag

Us Debt Limit Talks

All articles tagged with #us debt limit talks

politics2 years ago

Biden's Efforts to Break Debt-Limit Impasse with McCarthy After G7 Summit

Talks between President Biden and Speaker Kevin McCarthy on raising the US borrowing limit have stalled due to disagreements over spending caps, work requirements, and new Republican proposals. While both sides have found some agreement, they remain far apart on key issues, including how much to spend overall next fiscal year on discretionary programs and how to divide that spending between the military and other programs. The two men were set to speak by phone on Sunday in hopes of re-energizing the sputtering talks, after a weekend in which Republican leaders and White House officials have traded accusations from half a world away.

via The New York Times|
#politics#president-biden#republicans
finance2 years ago

Asian stocks rise despite disappointing China data.

Global shares remain steady, while the dollar retreats from five-week highs ahead of another round of talks among U.S. lawmakers to resolve the deadlock over the government's borrowing limit. Investors remain wary of negotiations over the U.S. government debt-ceiling, as without an agreement, the government might not be able to pay its bills. Other assets such as commodities got no lift from the retreat in the dollar, as concern about demand from China and the resilience of the global economy dented the likes of copper and crude oil.

via Reuters|
#china#dollar#finance
finance2 years ago

Gold prices fluctuate amidst economic uncertainty and Fed rate cut speculation.

Gold and silver prices are slightly up as traders await fresh fundamental inputs, including negotiations aimed at keeping the US government from defaulting on its debt obligations. Reports suggest that congressional leaders and President Biden will likely meet on Tuesday to discuss the US debt-limit extension talks. Two gold-mining companies, Newmont Mining and Newcrest Mining, are set to merge, creating the largest gold-mining operation in the world. The US dollar index is weaker, while Nymex crude oil prices are higher. Copper bears have the overall near-term technical advantage.

via Kitco NEWS|
#finance#gold#newmont-mining
finance2 years ago

Gold prices hold steady amidst economic uncertainty and Fed speculation.

Gold and silver prices remain steady as traders await fresh fundamental inputs, including negotiations aimed at keeping the US government from defaulting on its debt obligations. Reports suggest that congressional leaders and President Biden will likely meet on Tuesday to discuss the US debt-limit extension talks. Meanwhile, global stock markets were mixed to firmer overnight, and China's central bank predicts a sharp rebound in economic growth in the second quarter. Two gold-mining companies are set to merge, and the US dollar index is a bit weaker.

via Kitco NEWS|
#economic-growth#finance#gold