BBCNEWS Asia Business Report June 4, 2024 00:34:00
To the banking sector. it's playing out in congress as well with the two sides of the aisle once again involved in a bitterfight over the debt limit. the us treasury secretary janet yellen said in a letter to congress that the agency will be unlikely to meet all us government payment obligations "by earlyjune, and potentially as early asjune one" without action by congress. in 2011, a similar debt ceiling fight took the country to the brink of default and prompted a downgrade of its top—notch credit rating. to australia now, where the country's central bank is due to make its monetary policy...