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WASHINGTON: Speaker of the House Kevin McCarthy (R-CA) (left) and Senate Minority Leader Mitch McConnell (R-KY) talk to reporters outside the West Wing after meeting with US President Joe Biden and Vice President Kamala Harris about raising the debt limit.- AFP

US debt deal faces tough sell in Congress to avoid default
WASHINGTON: The US Capitol is seen in Washington, DC. President Joe Biden said he is ‘hopeful’ for a resolution within hours to the US debt ceiling standoff between Democrats and Republicans, raising hopes of an imminent end to the threat of default by the world’s biggest economy. - AFP

What happens if US fails to lift debt limit by June 5?
NEW YORK: Traders work the floor of the New York Stock Exchange in New York City. - AFP

Global stocks climb on debt deal hopes
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Washington seen inching closer to debt deal
DOHA: International Monetary Fund chief Kristalina Georgieva said Wednesday that protracted domestic wrangling over the US debt ceiling was “unnecessary” for the world economy but should be settled.

US debt battle ‘unnecessary’ for world economy: IMF chief
WASHINGTON: US President Joe Biden (center) speaks during a meeting on the debt limit with (left to right) US House Speaker Kevin McCarthy, US Vice President Kamala Harris, Senate Majority Leader Chuck Schumer, and House Minority Leader Hakeem Jeffries in the Oval Office of the White House in Washington, DC, on May 16, 2023. -- AFP

US debt row overshadows Biden’s truncated Asia trip
GLASGOW: In this file photo taken on November 03, 2021 US Treasury Secretary Janet Yellen speaks to the press during the COP26 UN Climate Summit in Glasgow. —AFP

China needs to be ‘more active’ in G20 debt relief effort: Yellen
BUENOS AIRES, Argentina: Photo released by the Argentinian Ministry of Economy of Argentinian Economy Minister Martin Guzman (right) delivering a press conference on an agreement reached with the International Monetary Fund (IMF) next to Argentinian Chief of Cabinet Juan Luis Manzur, in Buenos Aires on Friday. — AFP

Argentina president announces new debt deal with IMF
WASHINGTON, US: A person jogs past the US Capitol in Washington, DC. US lawmakers rubber-stamped a short-term bill to lift the nation's borrowing authority Tuesday, averting the threat of a first-ever debt default -- but only for a few weeks. - AFPnn

US Congress averts default with stop-gap debt limit hike
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The sun sets behind electricity pylons in this file photo. -- Photo by Yasser Al-Zayyat
MPs urge govt to find solutions to power shortages
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Man held for plotting attacks on US bases; Qraifa’s trial begins
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CAIRO: Egyptian President Abdelfattah Al-Sisi honors HH the Amir Sheikh Mishal with the Order of the Nile after welcoming him during his state visit to Egypt on April 30, 2024. – KUNA photos
Egypt honors Amir on state visit
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DEIR EL-BALAH, Palestinian Territories: A girl gestures as people gather with jerrycans and other containers to collect water from a tanker cistern in Deir el-Balah in the central Gaza Strip on April 30, 2024.—AFP
ICJ throws out Gaza genocide request
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The unseen impact of parental psychological abuse