Latest Government debt News

Greece taps markets for 4th time in 2021, raises 2.5bn euros

Jun. 09, 2021 10:23 AM EDT

ATHENS, Greece (AP) — Greece raised 2.5 billion euros ($3.1 billion) on Wednesday after reopening a 10-year bond auction, with demand reportedly more than 10 times the received amount. Finance Minister Christos Staikouras said the yield at the latest auction was close...

Biden's $6T budget: Social spending, taxes on business

May. 29, 2021 00:04 AM EDT

WASHINGTON (AP) — President Joe Biden is proposing a $6 trillion budget for next year that’s piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the nation’s spiking debt from spiraling totally...

Biden's $6T budget: Social spending, taxes on business

May. 28, 2021 17:54 PM EDT

WASHINGTON (AP) — President Joe Biden on Friday unveiled a $6 trillion budget for next year that’s piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the nation’s spiking debt from spiraling...

NU reaps $400M in sale of municipal bonds for renovations

May. 27, 2021 15:32 PM EDT

LINCOLN, Neb. (AP) — The University of Nebraska has netted $400 million in financing through the sale of municipal bonds to be used for a growing list of renovations and replacement projects, ranging from new building complexes to new roofs, windows and HVAC systems. ...

States tap federal aid to shore up empty unemployment funds

May. 27, 2021 15:16 PM EDT

Businesses could be spared billions of dollars of higher taxes in coming years — potentially freeing up money to spend on employees or invest in their operations — as a result of federal coronavirus aid flowing to the states. Governors and lawmakers in more than half...

Louisiana could make first levee debt payment without loan

May. 21, 2021 13:36 PM EDT

BATON ROUGE, La. (AP) — Rather than borrowing, Louisiana could make its first $400 million payment in cash to the federal government for upgrades made to the New Orleans region's flood protection system after Hurricane Katrina, if lawmakers agree to the spending. The...

EXPLAINER: Why are fears of high inflation getting worse?

May. 12, 2021 12:14 PM EDT

WASHINGTON (AP) — Gas prices are rising. Auto prices are soaring. Consumer goods companies are charging more for household basics like toilet paper, peanut butter and soft drinks. All of which is resurrecting fears of an economic threat that has all but disappeared over...

MLBPA increases investments to $178M ahead of bargaining

May. 11, 2021 15:44 PM EDT

NEW YORK (AP) — The Major League Baseball Players Association increased its liquid assets by about $19 million to $178.5 million ahead of collective bargaining that could lead to a spring training lockout next year. The union had $178.5 million in cash, U.S. Treasury...

Greek bond sale declared a success with near-zero yield

May. 05, 2021 14:49 PM EDT

ATHENS, Greece (AP) — Greek raised 3 billion euros ($3.6 billion) in a 5-year bond auction Wednesday at a record-low, near-zero yield, authorities said. The country's Public Debt Management Agency said demand for the bond exceeded 20 billion euros ($24 billion) and the...

Treasury warns of need to deal with national debt limit

May. 05, 2021 09:56 AM EDT

WASHINGTON (AP) — The Treasury Department says it will employ measures to avoid an unprecedented default on the national debt this summer, but officials say those measures could be exhausted “much more quickly” than normal given the unusual circumstances of the global pandemic. ...