US senators close to deal to end 14-day-old shutdown

Last Updated: Tuesday, October 15, 2013, 18:05

US senators say they are closing in on a deal that would reopen the government and push back a possible debt default for several months, though many hurdles remain.

European stocks rise on US debt hopes

Last Updated: Tuesday, October 15, 2013, 17:58

European stock markets rose on Tuesday as lawmakers in the United States neared a budget deal to reopen government services and raise the country`s borrowing limit to avoid a catastrophic default.

US lawmakers close to deal to end 14-day-old shutdown

Last Updated: Tuesday, October 15, 2013, 17:12

As the US inched closer to an unprecedented debt default, US lawmakers on Tuesday held a flurry of negotiations and expressed optimism over a potential deal that could end the government shutdown, raise the debt ceiling and avert a crisis that may trigger a global economic turmoil.

US debt deal hopes boost world shares

Last Updated: Tuesday, October 15, 2013, 15:32

Cautious optimism that the U.S. government would avert an economically damaging debt default lifted world shares and supported the dollar on Tuesday though prices traded within tight ranges.

Obama and Republicans search for a deal on US fiscal impasse

Last Updated: Saturday, October 12, 2013, 10:12

Lawmakers were expected to work through the weekend with a goal of finishing a deal by early next week.

Boehner spox says Obama, speaker talk by phone

Last Updated: Saturday, October 12, 2013, 10:00

House Speaker John Boehner`s office says he spoke by phone with President Barack Obama on Friday afternoon.

Obama, top Republicans agree to continue talks on shutdown

Last Updated: Saturday, October 12, 2013, 09:52

US President Barack Obama and the Republican party leadership have decided to continue talks to find any possible deal to re-open government and raise the debt ceiling, but there was no immediate resolution in site to end the current impasse.

Obama, Republicans in 'useful' talks but shutdown still on

Last Updated: Friday, October 11, 2013, 19:07

Both sides described the 90-minute meeting at the White House as useful and agreed to keep talking but no decision was made to resolve the 10-day deadlock over the federal budget.

G20 hopes grow for US deal to avert default

Last Updated: Friday, October 11, 2013, 11:34

Top finance officials from the G20 leading economies looked set to keep their focus on the receding risk of a US default at talks on Friday as hopes grew that Washington could soon clinch a stop-gap deal to ensure it can keep paying its bills.

Government shutdown to hit US courts next week

Last Updated: Friday, October 11, 2013, 10:45

US federal courts will have to close their doors at the end of next week if no deal is reached to end the government shutdown.

NASA vows to review ban on Chinese astronomers

Last Updated: Friday, October 11, 2013, 09:29

The US space agency has vowed to reconsider the applications of Chinese scientists who were denied access to a NASA conference on security grounds, sparking a boycott by leading American astronomers.

US Shutdown: Republicans offer 'short term' US debt cap raise

Last Updated: Thursday, October 10, 2013, 23:24

As the tit-for-tat political battle over the US fiscal impasse that triggered the first government shutdown in 17 years continued, Republicans Thursday offered President Barack Obama a temporary deal to raise the debt ceiling in exchange for budget negotiations.