U.S. debt

Oil Prices Rise on Prospects of Debt Ceiling Deal and Supply Conflict

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[ad_1] Last Updated: May 26, 2023, 23:44 IST New York, United States of America (USA) Benchmarks had settled more than $2 per barrel lower on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts. (Image: Reuters File) Brent crude was up 39 cents, or 0.5%, at $76.66 … Read more

US Could Default as Soon as June 1, Says Treasury Secretary Yellen

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[ad_1] Last Updated: May 02, 2023, 04:00 IST In January, Yellen sent a letter to congressional leaders, stating that her department had begun resorting to “extraordinary measures” to avoid a federal government default. (Image: Janet Yellen/Twitter) On Monday, the Congressional Budget Office reported that it saw a greater risk of the U.S. running out of … Read more