The Latest Breaking News from Janet Yellen

Leaders from the Group of Seven wealthy democracies are meeting in Hiroshima, Japan, Friday with Ukrainian President Volodymyr Zelensky expected to join the group in person on Sunday.

Leaders of the Group of Seven advanced economies are generally united in voicing concern about China

All the hand-wringing over a potential government default if Congress doesn’t increase the national debt limit has conjured up images of past government shutdowns

Recurring struggles over the borrowing limit undermine the status of the US as an economic superpower.

"We write to emphasize the potentially disastrous consequences of a failure by the federal government to meet its obligations,” the group wrote Tuesday.

The United States is rapidly running out of money to pay its bills unless the Republicans and Democrats can agree on a new deal. Here's how the US got here, and what it means for Australia.

The Australian share market closes lower as Incitec Pivot records a lower profit result, and the US Treasury secretary warns a recession is likely unless a deal is struck over the debt ceiling. Look back on the day's business and market news with our blog.

Republican lawmakers continue to insist on cuts to social programmes as US debt default looms on the horizon.

The Harvard professor has argued since 2017 that the debt ceiling no longer helps restrain the national debt as intended.

President will return to the US on Sunday immediately following G7 to ensure Congress takes action to avoid 1 June default

Stock futures slip lower with debt ceiling talks in focus; Retail sales on deck after consumers powered Q1 GDP growth; Home Depot earnings in focus as retail week heats up; Warren Buffett's Berkshire Hathaway takes new position in Capital One and Horizon Therapeutics plunges on report FTC will sue to…