US government employees ordered back to work on Thursday

Last Updated: Thursday, October 17, 2013, 11:35

The White House moved quickly early on Thursday to get the U.S. government back up and running after a 16-day shutdown, directing hundreds of thousands of workers to return to work.

IMF calls for raising debt ceiling in more durable manner

Last Updated: Thursday, October 17, 2013, 10:48

The International Monetary Fund (IMF) has asked the US Congress to raise the debt ceiling in a more durable manner, as it welcomed the decision to pass a legislation which prevents the government default till early February next year.

Obama signs bill ending US shutdown, raising debt ceiling

Last Updated: Thursday, October 17, 2013, 10:13

In all likelihood the government shutdown is now expected to end today when over five lakh furloughed federal employees are expected to return to their service.

US Congress ends debt impasse, Obama vows to sign bill

Last Updated: Thursday, October 17, 2013, 08:55

Obama vowed to sign the bill and begin reopening the government "immediately."

US budget deal: another kick down the road?

Last Updated: Wednesday, October 16, 2013, 23:29

US Senate leaders announced a deal Wednesday to resolve the budget and debt ceiling impasse that threatened to force the country to default on its obligations.

US shutdown ends as Senate Democrats, Republicans strike deal

Last Updated: Wednesday, October 16, 2013, 22:09

According to reports, US Senate leaders on Wednesday agreed to raise the debt limit from the existing USD 16.7 trillion cap and reopen federal agencies that have been closed for two weeks.

US lawmakers close to deal on debt ceiling, reopening government

Last Updated: Wednesday, October 16, 2013, 21:34

The US Senate appeared ready to announce a last-minute deal on Wednesday to avert a historic lapse in the government`s borrowing ability and a potentially damaging debt default.

US shutdown blues: From end of earth to outer space

Last Updated: Wednesday, October 16, 2013, 18:30

The US government shutdown, now in its 16th day, has forced hundreds of thousands of federal workers to stay home and restricted many government services.

US shutdown: Budget rift pushes Washington to the brink

Last Updated: Tuesday, October 15, 2013, 21:33

Washington`s risky game of political brinkmanship neared crisis point Tuesday, with no deal yet nailed down to avoid a catastrophic US debt default, just 36 hours before a crucial deadline.

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.

Gold price hits 3-month low in expectation of US debt deal

Last Updated: Tuesday, October 15, 2013, 18:01

Spot gold was down 1 percent at USD 1,260.60, having earlier hit its lowest since July 10 at USD 1,251.66.

Wall Street ends up on hopes of debt solution in Washington

Last Updated: Saturday, October 12, 2013, 10:03

US stocks rose on Friday, extending gains from a major rally in the previous session, as investors were hopeful for a solution to end the partial US government shutdown and raise the US borrowing limit to avoid a possible default.