US treasury secretary has urged Congress to raise the nation's debt ceiling to ward off an economic crisis.

US Treasury Secretary Janet Yellen has called on Congress to raise the $31.4 trillion federal debt limit and avert an unprecedented default that would trigger a global economic crisis. 

US Treasury warns that the government will be unlikely to meet payment obligations by early June if the debt ceiling is not raised.

Beijing says the US is weaponizing trade and technology under the guise of national security.

African countries prefer to engage with Russia and China rather than Western powers because the former comply with the United Nations’ principle of non-intervention in other countries, according to an analyst.

Janet Yellen says the Trump administration ‘decimated’ the US Treasury’s and she’s focused on repairing the ‘cracks’.

Yellen warns of irreparable harm to the US economy if Congress does not deal with the debt limit.