A Canadian scholar confirms that the dollar's dominion over the global market is in decline.

The International Monetary Fund (IMF) has warned of severe consequences for the global economy if the United States defaults on its debt.

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 bank failures are occurring at an unprecedented rate, worrying bank depositors and investors indicative of another financial crisis is on the horizon given the unstable state of the US economy

US Treasury Secretary Janet Yellen warns of an emerging "financial catastrophe" if lawmakers fail to raise the nation's monumental debt ceiling.

The Republican-led House of Representatives has passed a bill that would boost the US $31.4 trillion federal debt ceiling in exchange for slashing government spending.

US Treasury Secretary Janet Yellen warned Sunday that unless Congress acts soon to raise the nation's debt ceiling, "financial and economic chaos would ensue."

Trading halts amid continued investors' jitters in the United States.

Chinese Foreign Minister give assurance to Russia and India that Beijing aims to expand its “cooperation” as Moscow and New Delhi devise new mechanisms to dump the US dollar and use other currencies for international trade.

About 50 percent of Americans in a new survey say they are worried about the safety of their money in US banks, following a string of high-profile bank collapses in the United States.