Congressional leaders from both parties are working out the details of a two-year federal budget deal they hope to vote on before the holiday recess.» Read More
LONDON, Oct 14- The dollar slipped on Monday and the yen gained on safe-haven demand over concerns the United States might default on its debt as lawmakers struggled to reach a deal on raising its borrowing facility ahead of this week's deadline. The dollar slipped 0.3 percent to 98.26 yen, having touched a low of about 98.05 yen earlier in the day.
SINGAPORE/ WELLINGTON, Oct 14- The dollar fell on Monday while the yen rose on safe-haven demand due to concerns the United States may default on its debts as lawmakers negotiate a deal to raise its borrowing facility ahead of a deadline this week.
WASHINGTON, Oct 13- Senate negotiations to bring a boiling fiscal crisis to an end showed signs of progress on Sunday, but there were no guarantees that the U.S. federal government shutdown was about to end or that a historic default would be avoided.
WASHINGTON, Oct 13- Senate Majority Leader Harry Reid said on Sunday that he had a "productive conversation" with Senate Republican leader Mitch McConnell on efforts to reopen the U.S. government and raise the federal debt limit. "Our discussions were substantive, and we'll continue those discussions.
WASHINGTON, Oct 13- Senate Majority Harry Reid said Sunday that he was engaged in negotiations with Republican Minority Leader Mitch McConnell and was "confident" they could resolve the fiscal crisis confronting Washington. "We're in conversation today," Reid said on the Senate floor.
WASHINGTON, Oct 13- President Barack Obama will stay out of the public eye on Sunday as Senate leaders try to work out an elusive deal ahead of a Thursday deadline for lifting the U.S. government debt ceiling ahead of Thursday's deadline.
WASHINGTON, Oct 13- U.S. lawmakers voiced tentative optimism Sunday that fiscal crisis talks between Senate leaders would pave the way to a deal to avert a government default and reopen the government, but Democrats and Republicans remained far apart on details.
WASHINGTON, Oct 12- Congressional negotiations to end a U.S. fiscal crisis gripping Washington and spooking financial markets hung by a thread on Saturday after bipartisan talks broke down in the House of Representatives and shifted to Senate leaders.
*Focus turns to Senate negotiations. WASHINGTON, Oct 12- Congressional negotiations to end a U.S. fiscal crisis that has gripped Washington and spooked financial markets hung by a thread on Saturday after they broke down in the House of Representatives and were in preliminary stages in the Senate.
*No deal yet, White House wary of six-week debt extension. WASHINGTON, Oct 11- President Barack Obama and congressional Republican leaders inched toward resolving their fiscal impasse on Friday, but struggled to agree on the length and terms of a short-term deal to increase the U.S. debt limit and reopen the government.
*No deal yet, White House wary of six-week debt extension. Obama met Senate Republicans at the White House and spoke by phone to House of Representatives Speaker John Boehner as negotiations intensified to find a way to get federal workers back on the job and extend the government's borrowing authority past the Oct. 17 limit.
The "Fast Money" traders discuss the current market environment, and how investors should play stocks come Monday.
NBC's Luke Russert reports GOP leadership aids are concerned over a difference in opinions between Harry Reid and President Obama.
WASHINGTON, Oct 11- President Barack Obama and congressional Republican leaders worked to end their fiscal impasse on Friday, but struggled to strike a deal on the details for a short-term reopening of the federal government and an increase in the U.S. debt limit.
Obama will press his case in a morning meeting at the White House with Senate Republicans. "We've been very good about this, the White House has been great about it overnight to say let's stay out of all the details as we talk through all the different options," Oklahoma Republican Representative James Lankford said on CNN.
President Obama and House Republicans did not agree on an extension of the nation’s borrowing authority, but both sides agreed to keep talking.
WASHINGTON, Oct 10- Senate Majority Leader Harry Reid expressed caution on Thursday about a short-term debt ceiling increase plan that Republicans in the House of Representatives are working on aimed at ending a budget crisis in Washington.
WASHINGTON, Oct 9- With pressure rising and no clear path forward for breaking their fiscal impasse, President Barack Obama began inviting lawmakers to the White House on Wednesday for meetings to discuss the government shutdown and raising the debt limit.
Facing a looming federal default, the House GOP leadership will meet with President Obama at the White House on Thursday in a bid to resolve the budget deadlock.
WASHINGTON, Oct 9- Republicans and Democrats in Congress saw signs of hope on Wednesday for a break in their fiscal impasse, as members of both parties floated the possibility of a short-term increase in the debt limit to allow time for broader negotiations on the budget.