U.S. Senate kills House debt ceiling plan

WASHINGTON, July 29 (Xinhua) -- The U.S. Senate voted Friday to kill a debt ceiling plan put forth by House Speaker John Boehner to avoid a looming debt default crisis less than two hours after the House passed the bill.

U.S. House passes Boehner debt ceiling plan

WASHINGTON, July 29 (Xinhua) -- The U.S. House of Representatives passed a debt ceiling plan put forth by House Speaker John Boehner in a vote on Friday to avoid a looming debt default crisis, but the bill is hardly possible to become law. <Full story>

Analysts: Debt crisis to hurt US economy

Analysts believe the US economy will probably take a hit, no matter how the debt crisis unfolds... full story>>

Crossover: Reasons for Republicans' delay on debt-limit bill

And for further discussion on the US debt crisis, we now go live to our correspondent Kate Moody in Washington...
full story>>

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Republicans delay vote on debt-limit bill

The Republicans in the House of Representatives abruptly delayed a vote on a short-term bill to cut federal spending and raise the government's debt limit by 900 billion U.S. dollars... full story>>

Impacts ofUS debt crisis:

Inside US: US debt deadlock strikes fears in public

The impact of a possible debt default could wreak havoc on the US economy -- but the biggest impact would not be felt by the American government, but by ordinary citizens... full story>>


Inside US: Wall Street tumbles on debt woes, weaker economy

U.S. stocks declined for the third consecutive day on Wednesday, with the Dow Jones Industrial Average down nearly 200 points, amid continuing debt deadlocks and softer economic data...
full story>>


Asian markets under pressure of US debt drama

Debt drama in the US continued to weigh over here in Asia today. In currencies, the Japanese yen hit another 4-and-a-half month high against the greenback... full story>>

Editor:Zhang Pengfei |Source: Xinhua


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