US debt talks: Key vote delayed

clock

A vote on a Republican bill to raise the US's debt ceiling and prevent it from defaulting for the first time has been delayed.

House Speaker John Boehner had been trying to convince rank and file lawmakers to vote for his bill on Thursday, but, after a delay of a few hours, the vote was cancelled. There are now serious doubts about whether Boehner's bill can be passed in time. Any bill passed in the House must also be approved by the Senate and President Barack Obama, but Democrat leaders and the White House have said they cannot tolerate Mr Boehner's bill. Congress must raise the US debt limit by a deadline of next Tuesday. The US Treasury has warned the government will run out of money to pay all its ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read
Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read