Stocks rose more than 1 per cent on Tuesday after the previous session's nosedive, but markets could reverse if investors are not convinced the Federal Reserve has a plan to combat the meltdown linked

As one of the 15-largest foreign creditors to the US, India's exposure to the United States' ballooning debts is estimated at $41 billion -- higher than the money America owes to countries like France

China, the largest holder of US debt, on Saturday demanded that the US set itself on a corrective course to cure its ‘addiction’ to debts following an unprecedented downgrade by credit rating agency S

US President Barack Obama on Tuesday signed into law a new bill, which would raise the nation's debt ceiling and avoid a default by the world's top economy, the White House said.

Obama signed the bil

Global stocks tumbled into the red for the year while safe-haven assets rallied on Tuesday as fear of a downgrade of the US credit rating and rising yields in Europe stoked worries of higher borrowing

With barely a day to act, the polarized US House of Representatives on Monday approved a massive austerity plan to avert a debt default that would have wreaked havoc through the global economy.

After

Weak economic growth could swamp the first $917 billion of cuts included in the political deal struck to raise the US debt ceiling. Friday's anaemic GDP report casts doubt on the pact's deficit reduct

The US Senate on Tuesday approved legislation to avert a disastrous debt default and cut trillions in government spending, sending the contentious bill to President Barack Obama to sign into law.

Law

British and Japanese officials warned on Sunday of disastrous consequences for the global economy if last-minute talks among lawmakers in Washington failed to agree on raising the US borrowing limit a

US President Barack Obama announced late Sunday that he and top lawmakers had reached an 11th-hour deal to avert a disastrous debt default that would have sown chaos in the world economy.

"I want to