Govt hopes pressure on ringgit will reduce after US debt ceiling issue is resolved - Ahmad Maslan
The pressure on the ringgit against the US dollar is hoped to lessen when the US debt ceiling issue is resolved over the next few days.
Wed May 31 2023
US Dollar strengthens amid optimism over debt ceiling talks
The US dollar firmed up in late trading on Wednesday as US leaders expressed optimism over debt limit negotiations, reported Xinhua.
Thu May 18 2023
Biden to cut short Asia-Pacific trip due to debt ceiling stalemate: Media
US President Joe Biden will not travel to Papua New Guinea and Australia later this month as originally planned due to the ongoing stalemate in negotiations with congressional leaders
Wed May 17 2023
Biden says expects to reach agreement with Republicans on raising debt limit
US President Joe Biden says he is "optimistic" about his talks with Republicans on raising the debt ceiling and will likely meet with congressional leaders on Tuesday, reported Sputnik.
Mon May 15 2023
Biden heads to New York to talk debt ceiling, raise funds for re-election
His trip comes the day after he met with top Republican and Democratic lawmakers for the first time in three months to try to move forward on the debt ceiling.
Wed May 10 2023
No need to raise national statutory debt ceiling - Ahmad Maslan
There is currently no need to increase the national statutory debt ceiling to more than 65 pct of the GDP, said Deputy Finance Minister, Datuk Seri Ahmad Maslan.
Thu Jan 26 2023
Raising debt ceiling enables government to finance Budget deficit in medium term - Tengku Zafrul
The government has asserted the importance of increasing the debt ceiling to 65 per cent of GDP to have a wiggle room to finance the government's budget deficit in the medium term.
Sat Oct 30 2021
Budget 2022 & 12MP debt ceiling, windfall & capital gains taxes
The fiscal strategy shouldn't be to broaden the fiscal base as yet.
Wed Oct 13 2021
Govt denies claim that Emergency Ordinance was used to boost spending over debt limit
The government has never used the Emergency Ordinance to raise revenue or increase spending beyond the statutory debt ceiling approved by Parliament in August 2020.
Wed May 26 2021
60 pct debt ceiling level enough for now - Tengku Zafrul
The debt-to-GDP ratio is expected to touch 60 per cent in 2021.
Sun Nov 08 2020
Budget 2021 will take into account current economic fragility - Bank Islam
The Government's recent move to increase its debt ceiling of the GDP to 60 per cent, would definitely give it some flexibility to manoeuvre an expanded fiscal policy.
Mon Nov 02 2020
US fiscal deal grants backpay for furloughed govt workers
Some 800,000 government employees were forced off the job this month when Congress could not agree on a budget for the new fiscal year.
Wed Oct 16 2013
US debt ceiling day October 17: What Happens?
The US Treasury says that from October 17 it will not have enough cash on hand to pay its bills unless the Congress increases the $16.7 trillion cap on its power to borrow more money.
Tue Oct 15 2013
Obama against Republican plan on debt ceiling deal
Obama came out against a proposal to extend for just weeks the country's authority to borrow money as talks with Republicans entered Day 12.
Sat Oct 12 2013
Congress 'playing with fire' on debt ceiling: Lew
Speaker John Boehner said the Republican-controlled House would not raise the US debt ceiling without concessions from the White House.
Sun Oct 06 2013