US President Joe Biden has finalized a much-criticized deal with Republican Kevin McCarthy, the Speaker of the House of Representatives, on debt ceiling.

Russia's top lawmaker has censured the US for defrauding other nations through a planned debt scheme.

Ratings agency Fitch on Wednesday put the United States on watch for a possible downgrade over a risk of default amid a government impasse on raising the national borrowing limit.

Asian markets tracked losses in Wall Street on Wednesday as investors grow increasingly concerned about stalled US debt ceiling talks to avert a painful default.

A new survey by the Federal Reserve shows high inflation rate in the US has compromised the average household's sense of financial security.

US President Joe Biden’s administration and House of Representatives Speaker Kevin McCarthy, the top Republican in Washington, exchange barbs over the federal debt ceiling, with both sides calling the other’s proposals as too extreme.

The threat of a US default was raised a notch on Friday after a "pause" in debt ceiling talks between the White House and the Republican opposition as the two sides wrangle with deep disagreements.

Officials in Canada’s Alberta province say speeding wildfires have slowed the outflow of natural gas into the US, increasing prices.

US Treasury Secretary Janet Yellen has warned once more that the United States is on track for default in June.

US official warns about "catastrophic" consequences if the country defaults on its debt.