Rather, I'm interested in the global reaction to these political convulsions. Remember, no matter what you read, the U.S. remains the financial hegemon — and in theory, a superpower is supposed to provide "hegemonic stability" to the world economic …

President Barack Obama and Vice President Joe Biden meets with House Democratic leaders, including Minority Leader Nancy Pelosi (D-CA), Minority Whip Steny Hoyer (D-MD), Rep. James Clyburn (D-SC), Rep. Steve Israel (D-NY), Rep. Xavier Becerra …

Otherwise they risk the government of the world's biggest economy being unable to honour IOUs on Treasury debt, or pay staff wages or benefit payments to veterans. A US government shutdown caused by the deadlock, which has seen thousands of staff told …

Those countries become isolated from the rest of the Internet economy… For many of these countries, if this payment system works, if the U.S. and Congress can support and tolerate a reputable, well-paid industry, this will be a big connector to the …

As part of a novel approach to tracking the global economy from the bottom up, the company has a daily feed of onion prices from stores around India. More than 700 people in cities around the globe use a mobile app to log the prices of key products in …

Given the dire consequences of a U.S. default on the global economy, it appears that global investors are so far assigning a small probability of such an event (judging by the behavior of U.S. Treasury yields and U.S. Sovereign CDS spreads). Credit …

Predictions about the potential effects on the global economy of a U.S. default have verged on the apocalyptic. This weekend, World Bank President Jim Yong Kim characterized the possibility as "disastrous" for both the developing world and developed …

On the other hand, the BRICS and its two associate members, Iran and Venezuela, recovered rapidly from the first shock, as their new strong currency gave them a boost vis-à-vis the other half of the world economy which was still teetering on the dollar …

The world economy is still in disarray five years after the financial crash, a new U.N. economic report released Monday said. The U.N. Conference on Trade and Development issued a gloomy assessment of a stagnant global economy. "The global economy is …