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November 23, 2024
 

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US DEBT

Japan Times
EDITORIALS
May 26, 2023
Inexplicable debt debate undermines U.S. power and status
The U.S. secretary of the Treasury says the American government will hit the current debt ceiling on June 1. If it is not lifted, it will run out of money and be unable to pay its bills.
Japan Times
WORLD
May 26, 2023
Economic hit of U.S. debt deal may affect presidential races in 2024 and 2028
Multiyear spending cuts would weigh down a re-election campaign by U.S. President Joe Biden next year, and lifting them would bring a tailwind for whomever is president in years that follow.
Japan Times
WORLD
May 23, 2023
Biden and McCarthy hold productive talks on U.S. debt, but no deal yet
Treasury Secretary Janet Yellen has warned that it is now 'highly likely” her department will run out of sufficient cash in early June and that default could come as soon as June 1.
Japan Times
WORLD
May 22, 2023
Biden and McCarthy to meet Monday as staff debt-limit talks resume
Investors are girding for more volatility in markets this week as the two sides grapple for a deal.
Japan Times
ASIA PACIFIC
May 22, 2023
China’s $23 trillion local debt mess is about to get worse
The financial struggles of a remote coal town in China are the tip of the iceberg of a local government debt problem that threatens to be a drag on the economy for years to come.
Japan Times
WORLD / Politics
May 21, 2023
Biden seeks to call McCarthy after debt-limit talks hit impasse
The president signaled over the weekend that he remains confident the U.S. government can avoid a catastrophic default.
Japan Times
BUSINESS
May 16, 2023
U.S. on track for June 1 default without debt ceiling hike, Treasury says
In her second letter to Congress in two weeks, Treasury Secretary Janet Yellen confirmed that the agency will be unlikely to meet all U.S. government payment obligations by early June.
Japan Times
WORLD
May 12, 2023
Biden’s debt ceiling meeting with McCarthy pushed to next week
The delay likely signals that staff-level talks on energy permitting reform and government spending have yielded progress.
Japan Times
BUSINESS
May 11, 2023
As G7 finance summit kicks off, warnings of ‘catastrophe’ in the U.S.
Talks were to be about the global economy, but the spotlight was on negotiations over the U.S. debt ceiling in Washington.
Japan Times
ASIA PACIFIC / ANALYSIS
May 11, 2023
Hopes dim for extension of IMF relief amid Pakistan’s deepening political crisis
Foreign exchange reserves in the South Asian country, currently at $4.457 billion, cover barely a month's worth of imports.
Japan Times
WORLD
May 11, 2023
U.S. Congress and White House begin tough debt limit and budget negotiations
Time is tight to avoid a historic, economically destabilizing default on government debt, which the Treasury Department has warned could come as soon as June 1.
Japan Times
WORLD
May 10, 2023
Biden indicates he could cancel Japan G7 trip if debt ceiling not resolved
Biden told reporters he is 'still committed' to attending the G7 but called the debt limit impasse 'the single most important thing on the agenda.'
Japan Times
BUSINESS
May 9, 2023
Yellen is calling CEOs personally to warn on U.S. debt ceiling, sources say
Yellen told lawmakers last week that Treasury will likely be unable to pay all the government's bills as early as June 1 without an increase in the federal debt limit.
Japan Times
BUSINESS / Economy / FOCUS
May 7, 2023
What happens if the U.S. fails to raise its debt ceiling?
Time is running short as U.S. policymakers remain at an impasse on lifting the debt ceiling.
Japan Times
BUSINESS / Economy
May 6, 2023
Yellen to tell G7 partners U.S. banking system sound and global outlook better
The U.S. treasury secretary's trip to Japan for a G7 meeting was 'compressed' to allow her to continue working with Congress to raise the debt ceiling and avoid an unprecedented default.
Japan Times
WORLD
May 3, 2023
Pressure building ahead of deadline to avert catastrophic U.S. debt default
The U.S. is expected to reach a temporary agreement to increase the debt limit, allowing the government to continue borrowing money to fund its operations as negotiations continue.
Japan Times
WORLD
Apr 27, 2023
U.S. House Republicans pass debt-ceiling hike, hoping to spur Biden to talks
The bill isn't expected to pass the Senate, but the mostly partisan 217-215 vote is a win for Republican House Speaker Kevin McCarthy on an issue that rattled investors and markets.
Japan Times
BUSINESS / Economy
Apr 15, 2023
Pressure mounts on China to offer debt relief to poor countries facing default
There was optimism at the spring meetings of the IMF and World Bank that China will make concessions over restructuring its loans.
Japan Times
BUSINESS
Apr 14, 2023
China left out of Sri Lanka debt talks amid angst over delays
Finance chiefs from India, Japan and the Paris Club of sovereign creditors held a joint briefing in Washington with the International Monetary Fund to mark the start of the restructuring.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Man charged with murder allegedly made victim date other men for money
A car carrying suspect Ryotaro Masuda, who was indicted for allegedly beating his 25-year-old girlfriend to death, leaves the Shibuya Police Station in Tokyo on Thursday.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ex-yokozuna Kitanofuji dies at 82
Yokozuna Kitanofuji enters the ring during the May 1970 grand sumo tournament in Tokyo.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

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