Obama: more tax revenue needed

2013-02-04 10:56

More tax revenue would be needed in the coming years to reduce the US deficit but raising tax rates was not a key issue, says President Barack Obama.

US consumer sentiment hits record low

2013-01-18 18:46

US consumer sentiment has unexpectedly dropped to its lowest in over a year in January, with many consumers citing the fiscal cliff as a reason, a survey shows.

US not a bargaining chip - Obama

2013-01-14 20:11

Failure to raise the debt limit could "blow up the economy" and bitter debates are hurting the US recovery from the Great Recession, says Barack Obama.

US jobs ease on fiscal cliff angst

2013-01-04 16:04

Despite concern over the economy slipping into a recession, financial conditions have remained supportive of job growth in December albeit at a slower pace.

US jobless claims rise

2013-01-03 16:32

The number of new claims for unemployment benefits rose last week, but the data continues to be too distorted by the Christmas and New Year holidays.

Bigger fights loom after fiscal deal

2013-01-02 19:31

The United States is set to hold another round of budget talks to discuss further thorny fiscal issues after narrowly averting tax hikes and spending cuts.

Oil nears $113 as US averts crisis

2013-01-02 18:32

Brent crude has hit an 11-week high after the US approved a deal to avert a fiscal crisis, while data from top energy consumer China also supported prices.

US averts fiscal cliff

2013-01-02 09:28

A weary Congress sent President Barack Obama legislation to avoid the fiscal cliff of tax hikes and spending cuts hours before markets reopen after the New Year.

US poised to go off fiscal cliff

2012-12-27 17:49

A senior senator has criticised Republicans for refusing to back tax increases as part of a fiscal remedy as he sketched a pessimistic outlook for the economy.

US fiscal cliff deal on a knife-edge

2012-12-24 11:24

The wheels could come off the US economy unless politicians reach a last-minute deal to avoid $600bn in tax rises and spending cuts.

Coal set to overtake oil as top fuel

2012-12-18 15:51

Oil prices have risen on hopes of a US fiscal cliff deal, but reports elsewhere show that coal is set to surpass the liquid fuel as the world's top resource.

Bono: Corruption world's biggest killer

2012-11-15 09:15

U2 star Bono has declared corruption "the biggest killer of them all" at the World Bank as he expressed concern over the fiscal cliff facing the US budget.


US house set to vote on debt limit

2013-01-21 19:05

Republicans say the US House of Representatives will take a vote on raising the nation's debt limit, a move designed to prevent a first-ever government default.

US could lose gold-chip rating

2013-01-15 16:28

The United States could lose its top credit rating if there is a delay in raising the country's debt ceiling, warns ratings agency Fitch.

Obama warns Congress of economic chaos

2013-01-14 19:16

A refusal to raise the US debt ceiling would be like a self-inflicted wound on the economy, says President Barack Obama.

The repo man is at the door

2013-01-04 13:37

The West is about to be repossessed. The debt crunch might mean the end of democracy as we know it, says Susan Erasmus.

Job market grows despite fiscal crisis

2013-01-03 16:14

Private-sector employers added more new jobs than expected in December helping the job market end 2012 on a high note, a report shows.

Gold shines on US budget deal

2013-01-02 18:49

Gold has risen over 1% after the US Congress passed a bill fending off huge tax hikes and spending cuts that threatened to jeopardise economic growth.

Oil markets enter 2013 on high note

2013-01-02 15:52

Oil markets opened with a positive start as traders responded positively to the US "fiscal cliff" deal

US consumer confidence falls sharply

2012-12-27 17:58

US consumer confidence fell sharply in December to the lowest level since August amid uncertainty about the fiscal cliff crisis.

Gold firms despite US fiscal fears

2012-12-24 13:47

Gold has firmed in thin trade but prices stayed near a four-month low as the US fiscal stalemate drove investors to the sidelines.

'Stop-gap' fix likely in US fical talks

2012-12-23 15:04

A stop-gap measure seems to be the most promising alternative to temporarily fix the nation's fiscal problems and delay spending cuts and tax hikes.

Holiday 'on standby' for US traders

2012-12-16 17:08

Last-minute talks on the so-called fiscal cliff are keeping traders and analysts from taking a Christmas break because any deal could have a big impact on markets.

Obama pushes for tax on wealthy first

2012-11-15 07:53

President Barack Obama has said Republicans would have to agree to raise taxes on the wealthy as the first step in a budget deal that would prevent a recession.

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