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.
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.
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.
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.