Australia to Raise Debt Ceiling

Move to Raise Debt Ceiling to $483 Billion as Mining Slowdown Bites SYDNEY—Australia’s new conservative government said it would seek to raise the ceiling on government borrowing to fund its policies and day-to-day operations, highlighting the dire state of...


Congress Passes Debt, Budget Deal

Bill to Reopen Government Through Jan. 15, Lift Debt Ceiling Until Feb. 7 A potentially crippling U.S. debt default was averted late Wednesday, as Congress passed legislation to break a political showdown that had rattled financial markets, splintered the...


Italy Projections Show Hung Parliament on Berlusconi

Italy’s inconclusive election triggered renewed market jitters over Europe’s debt crisis as recession-scarred voters repudiated budget rigor and established former comedian Beppe Grillo as a political force. In the four-way race, pre-election favorite Pier Luigi Bersani won the lower house...