BARACK OBAMA

IBTimes Logo

Wariness on debt issue keeps volume thin; 3M down

Stocks continued to face headwinds on Tuesday from the ongoing stalemate in Washington over raising the debt ceiling, with light volume showing the gridlock in Washington has made investors nervous.

Lawmakers head for showdown over debt

IBTimes Logo
President Barack Obama's Democrats and their Republican rivals on Tuesday headed for a showdown over competing debt plans one week before a deadline for averting a potentially disastrous U.S. default.
Mine workers emerge from the pithead at the Harmony Gold mine in Carletonville, west of Johannesburg,

South African strikes to spread to gold sector

South African gold miners will this week join thousands of workers seeking pay rises in widening nationwide strikes, threatening to hurt exports from Africa's largest economy at a time when bullion is at record highs.
More news
Analysis: The politics behind Boehner's two-step debt hike

Analysis: The politics behind Boehner's two-step debt hike

So many Americans are so sick of political acrimony over raising the U.S. debt limit that it might seem unfathomable to have to do it all over again early next year. But that is exactly what the top U.S. Republican, John Boehner, is proposing for some practical political reasons.
IBTimes Logo

Lawmakers deadlocked over deal as default looms

The United States edged closer on Tuesday to a devastating default as Republicans and Democrats were deadlocked over competing plans to raise the debt ceiling, one week before a deadline to act.
U.S. President Barack Obama

Debt Deal Talks Enter Critical Stage

The debt talks enter a critical stage Tuesday, and there's little time left to waste on rhetoric. The two parties have less than eight days to devise a plan to cut the deficit and raise the debt ceiling. U.S. and global stock and bond markets have remained calm and patient, but that may change soon, if the markets don't see progress in D.C.
IBTimes Logo

Futures up after Ford results, eyes on debt talks

Stock index futures were slightly higher on Tuesday after earnings from blue chip companies like Ford extended optimism about a strong earnings season but the debt ceiling stalemate kept investors nervous.
President Barack Obama

Do Democrats and Republicans Worry More about Election and Less About Debt?

President Barack Obama's Monday night address to the nation voiced the gravity of situation and the urgency to reach a "fair compromise" on the ongoing debt talk. "Defaulting on our obligations is a reckless and irresponsible outcome to this debate. ... We would risk sparking a deep economic crisis - one caused almost entirely by Washington," Obama said.
IBTimes Logo

Asia shares up, no signs of panic over U.S. debt

Asian shares edged higher on Tuesday, rebounding from Monday's fall, but the dollar slid to a record low against the Swiss franc after a speech by U.S. President Barack Obama gave no sign a deadlock in Washington over raising the debt limit was easing.
IBTimes Logo

Obama urges compromise to avoid reckless default

President Barack Obama called on Republican and Democratic leaders on Monday night to reach a fair compromise on raising the debt ceiling to avert a reckless and irresponsible national default.
IBTimes Logo

Japan repeats warning on yen rise as calls for action grow

Japanese Finance Minister Yoshihiko Noda kept up his warning to markets against pushing up the yen too much, saying that he was aware of demands from the business sector for authorities to act against yen rises that hurt the export-reliant economy.
IBTimes Logo

Asia shares up, investors calm on US debt deadlock

Asian shares edged higher on Tuesday, bouncing back from a slide the previous day, after U.S. stocks posted only modest losses in reaction to the worsening deadlock in Washington over raising the debt limit and avoiding a technical bond default.
NAACP President and CEO Benjamin Todd

NAACP head likens voter ID measures to Jim Crow

The head of the nation's oldest and largest civil rights group on Monday condemned state laws requiring photo identification of voters as an attempt to disenfranchise minorities through some "of the last existing legal pillars of Jim Crow."
President Barack Obama

Obama: 'Balanced Approach' Is Best Debt Deal

President Barack Obama, in an address to the nation Monday night, reiterated the need for a "balanced approach" to deficit reduction -- one that includes both substantial budget cuts and revenue increases, and he warned that if the debt ceiling is not raised, it would trigger a "deep economic crisis."
IBTimes Logo

Rival debt plans pushed as deadline looms

Top lawmakers rolled out dueling debt plans on Monday that offered little prospect for compromise, increasing the threat of a ratings downgrade and national default, as President Barack Obama prepared to address Americans on the impasse.
IBTimes Logo

Swiss franc hit all-time high vs USD

The U.S. dollar remained on the defensive in early Asia-Pacific having hit record lows on the safe-haven Swiss franc as the market awaited the latest attempt by President Barack Obama to break the deadlock on debt talks.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.