Asian markets rise as US averts fiscal cliff
January 02, 2013 | 14:55
Asian shares rose sharply Wednesday as the US Congress backed a deal to avert a "fiscal cliff" of drastic tax rises and spending cuts in an upbeat start to the year for regional markets.
Obama to call for $3.0 trillion in deficit savings
September 19, 2011 | 16:00
President Barack Obama will Monday call for new deficit cuts of $3.0 trillion but warn Republicans he will veto any bill that trims healthcare for the elderly without hiking taxes on the rich.
IMF warns spending cuts will stall global recovery
August 16, 2011 | 08:38
IMF chief Christine Lagarde on Monday warned governments not to slash spending to avoid sparking a new recession and stalling the feeble economic recovery from the 2008 crisis.
Obama warns US 'running out of time' for debt deal
July 16, 2011 | 13:00
US President Barack Obama pressed polarized lawmakers Friday to avert economic "Armageddon" by quickly forging an elusive deal to prevent an early August debt default with ruinous global consequences.
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