Obama signs budget bill into law to avert govt shutdown

Last Updated: Friday, December 27, 2013, 09:31

US President Barack Obama has signed a bipartisan federal budget bill, averting the risk of an embarrassing government shutdown for two years in the world's largest economy.

US jobless claims fall in positive sign for labor market

Last Updated: Thursday, December 26, 2013, 23:34

Initial claims for state unemployment benefits decreased 42,000 to a seasonally adjusted 338,000, the Labor Department said on Thursday.

`US shutdown caused record number of furloughed days`

Last Updated: Friday, November 8, 2013, 10:57

Federal employees were furloughed for a combined total of 6.6 million days during the 16-day partial federal government shutdown starting Oct 1, the most number in all government shutdowns of country.

US lawmakers step up assault over 'Obamacare' woes

Last Updated: Friday, October 25, 2013, 12:06

US lawmakers have grilled the contractors behind the troubled Obamacare website as Republicans attacked what they dubbed "one of the biggest IT disasters in government history."

US jobless claims elevated in 2nd shutdown week

Last Updated: Thursday, October 24, 2013, 20:33

US jobless claims remained high for the second week of the government shutdown, but fell from the previous week, Labor Department data showed Thursday.

Shutdown cost 120,000 US jobs: White House

Last Updated: Wednesday, October 23, 2013, 18:30

The recent government shutdown and debt default crisis hit the US economy so badly that it cost the country 120,000 jobs and wiped out 0.25 percent of economic growth for the fourth quarter, the White House said.

Shutdown costs US 120,000 jobs, says White House

Last Updated: Wednesday, October 23, 2013, 12:56

The partial US government shutdown has cut 0.25 percentage point off the fourth-quarter economic growth and cost the country 120,000 jobs in October, the White House has said.

Despite budget win, Obama has weak hand with Congress

Last Updated: Sunday, October 20, 2013, 20:44

The 16-day partial government shutdown highlighted Obama`s challenges in basic governing.

US debt increases to $17 trillion

Last Updated: Saturday, October 19, 2013, 11:17

The public debt of United States has increased to a whopping USD 17 trillion after the Congress increase the debt ceiling this week.

Global stocks gain, dollar falls as Fed seen staying course

Last Updated: Saturday, October 19, 2013, 08:49

Global stock markets climbed to a five-year high on Friday as investors bet the Federal Reserve would extend its stimulus policy well into 2014, but uncertainty over when US interest rates will rise caused the dollar to sink to an eight-month low.

Oil edges higher on upbeat Chinese growth data

Last Updated: Friday, October 18, 2013, 09:55

Oil prices rose in Asian trade today on upbeat economic growth data from China, but concerns over the stop-gap deal to avert a disastrous US debt default capped gains, analysts said.

India Inc expresses relief over end of US shutdown

Last Updated: Thursday, October 17, 2013, 22:09

The US Congress today passed a bipartisan bill to end a 16-day government shutdown and avert a historic debt default by the world's largest economy that could have had global repercussions.