Republicans consider short-term U.S. debt ceiling increase
U.S. House of Representatives Republicans are considering signing on to a short-term increase in the government's borrowing authority to buy time for negotiations on broader policy measures, according to a Republican leadership aide.
Obama says Republicans must end 'threats' on fiscal impasse
President Barack Obama refused to give ground in a fiscal confrontation with Republicans on Tuesday, saying he would negotiate on budget issues only if they agree to re-open the federal government and raise the debt limit with no conditions.
Russia halts Lithuanian dairy imports before EU summit
Russia suspended imports of dairy products from neighboring Lithuania on Monday, turning up trade pressure on the European Union member weeks before it hosts a summit that could pull former Soviet republics further from Moscow's orbit.
China's Xi sees 'long and tortuous' world economic recovery
Chinese President Xi Jinping said on Monday he expected a "long and tortuous process" of world economic recovery, while China's economic growth rate of about 7 percent was "within a reasonable and expected range".
U.S. Congress enters crucial week in budget, debt limit battles
As the U.S. government moved into the second week of a shutdown on Monday with no end in sight, a deadlocked U.S. Congress also confronted an October 17 deadline to increase the nation's borrowing power or risk default.
Washington enters fifth day of shutdown, no end in sight
Washington entered the fifth day of a partial government shutdown on Saturday with no end in sight even as another, more serious conflict over raising the nation's borrowing authority started heating up.
Bank of Japan warns of severe global impact from U.S. fiscal standoff
A prolonged U.S. budget standoff would hit global markets very hard, the Bank of Japan warned on Friday as it said it was ready to top up its existing massive stimulus if the recovery underway in the world's third-largest economy was threatened.
U.S. default seems unthinkable but investors have options
Investors who behave conventionally are likely to get burned if the political standoff over the federal budget and the debt ceiling ends up forcing the United States to default.
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