Tue, 21-Oct-2025

Saudi holdings of US Treasuries drop to four-year low in October

Saudi

RIYADH: Saudi Arabia’s holdings of US Treasuries fell to the lowest level in about four years in October, Arab News reported. The kingdom’s stocks of US government debt fell by $8 billion, the most in a year, to $116.5 billion, the lowest level in four years, according to US Treasury Department data. Saudi Arabia was the biggest … Read more

Congress reaches agreement to avert calamitous US debt default

US

WASHINGTON: US senators struck a deal on Tuesday to create a one-time law, allowing Democrats to lift the nation’s borrowing authority and avert a catastrophic credit default without requiring votes from the opposition Republicans. The House of Representatives approved the fix in an evening vote and it is expected to be approved by the Senate in … Read more