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KUALA LUMPUR: The government's fiscal policy committee will meet next week and discuss measures to strengthen the country's current economic position.
WASHINGTON: Senate negotiations to bring a boiling fiscal crisis to an end showed signs of progress on Sunday, but there were no guarantees that the U.S. federal government shutdown was about to end or that a historic default would be avoided.
HATFIELD, Pennsylvania: With barely a month left before the fiscal cliff, Republicans and Democrats remained far apart on Friday in talks to avoid the across-the-board tax hikes and spending cuts that threaten to throw the country back into recession.
Malaysia's blue chips advanced on Tuesday, sending the FBM KLCI to an intra-morning high of 1,658.57, the highest since Nov 2 as expectations that the US could avert the fiscal cliff boosted investors' sentiment.
WASHINGTON: The Federal Reserve's aggressive easing of monetary policy is proving surprisingly effective at blunting the blow to the U.S. economy from tighter fiscal policy, according to economists who have been scrambling to raise their growth forecasts.
NEW YORK: With a possible U.S. government shutdown days away, Wall Street still hasn't come down with a critical case of fiscal fever despite forecasts that failure to resolve the federal budget standoff could be catastrophic.
BEIJING: China Vice Finance Minister Zhu Guangyao demanded the U.S. government take "concrete steps" to resolve the fiscal cliff issue and prevent a treasury bond default, the latest warning from the biggest holder of such assets two days ahead of the debt ceiling deadline.
KUALA LUMPUR: Malaysia will find it challenging to meet its 3% fiscal deficit target for next year due to uncertainties around the US-China trade war, the finance minister told Reuters in an interview on Monday.