Elevate your local knowledge

Sign up for the iNFOnews newsletter today!

Select Region

Selecting your primary region ensures you get the stories that matter to you first.

Relief around world as US lawmakers reach agreement to avoid default, reopen government

CP25518272
In this image from House Television, with partial voting totals on the screen, a woman, at the rostrum just below the House presiding officer, seen between the "yea" and "nay" wording, is removed from the House chamber after she began shouting during the vote for the bill to end the partial 16-day government shutdown and to fund the government. The woman was described by lawmakers and aides as a long-time House stenographer. (AP Photo/House TV)

BEIJING, China – The International Monetary Fund appealed to Washington for more stable management of the nation’s finances as Asian stock markets rose after U.S. leaders agreed to avoid a default and end a 16-day government shutdown.

“World heaves sigh of relief as U.S. barely averts debt default,” said the Times of India newspaper in a headline.

The Tokyo stock market rose as much as 1.1 per cent on Thursday. Markets in China, Hong Kong and South Korea also gained.

Asian companies and investors had expressed confidence Washington would avoid a default. But some sold Treasurys or put off buying stocks that might be exposed to a U.S. downturn.

IMF managing director Christine Lagarde appealed to Washington to “reduce uncertainty” by raising its debt limit “in a more durable manner.”

News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Associated Press

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.

Related Articles