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.

The United States government has sold weapons to the majority of the world’s autocratic countries in 2022, according to a US media report.

The Washington standoff over raising the US government's $31.4 trillion borrowing limit is adding to global economic worries.

A Canadian scholar confirms that the dollar's dominion over the global market is in decline.

The International Monetary Fund (IMF) has warned of severe consequences for the global economy if the United States defaults on its debt.