Most of Wall Street views a budget agreement as a done deal. If it's not, lots of people will have to rethink rosy scenarios for a happy New Year.» 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.
WASHINGTON, Oct 10- President Barack Obama will meet with Senate Republicans on Friday at 11:15 a.m. EDT to discuss how to end the U.S. government shutdown and a looming deadline to raise the nation's debt limit, a Republican spokesman said.
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.
House Speaker John Boehner says he is willing to negotiate budget issues with President Barack Obama without any conditions.
WASHINGTON, Oct 7- A few faint glimmers of hope surfaced on Monday in the U.S. fiscal standoff, both in Congress and at the White House, with President Barack Obama saying he would accept a short-term increase in the nation's borrowing authority to avoid a default.
WASHINGTON, Oct 7- There were signs of stepped up efforts on Monday to find an exit strategy from the current U.S. fiscal crisis both in Congress and at the White House, with President Barack Obama saying he would accept a short-term increase in the nation's borrowing authority in order to avoid a crisis.
A Senate Republican aide, who asked not to be identified, said that Portman's proposals were in an early stage with no guarantees that they would gain traction in a Congress deadlocked over budget and debt challenges.
While lawmakers continue to spar over a possible shutdown resolution, the Washington Post compiled a list of officials ranging from Senate leaders to little-known members of the House of Representatives who have signed onto the movement.
Oct 3- The U.S. government shutdown prompted growing concern of wider economic consequences when it stretched into a third day on Thursday, and President Barack Obama challenged Republicans to "end this farce" by call a straight vote on a spending bill.
The standoff, prompted by Republicans' determination to halt President Barack Obama's healthcare reforms, appeared to be merging with a more complex fight looming later this month over raising the federal debt limit.
After more than an hour of talks at the White House that did not lead to a breakthrough, the White House issued a statement saying that Obama remains hopeful that "common sense will prevail" in the budget standoff.
*Groups like Club for Growth gain prominence with GOP. As the shutdown of the government approaches its third day, business leaders and groups like the U.S. Chamber of Commerce are worried about the economic implications of a standoff over the debt limit, but their pleas have not moved the Republican leadership in the House of Representatives to action.