Latest National debt News

FILE - In this Feb. 3, 2020, file photo, Sen. Pat Toomey, R-Pa., walks at the Capitol in Washington. The nation's fiercest fiscal conservatives are largely embracing the massive economic rescue package moving through Congress. In many cases, those conservatives who support the $2 trillion coronavirus spending bill are the very same who raged against the $800 billion economic stimulus package backed by the Obama administration after the 2008 financial crisis. (AP Photo/J. Scott Applewhite, File)

Hawks no more: Fiscal conservatives embrace rescue package

Mar. 28, 2020 1:45 PM EDT

NEW YORK (AP) — Republicans who have spent the past decade howling about the danger of ballooning deficits embraced the coronavirus rescue package approved by Congress and signed by President Donald Trump, shrugging off past concerns about spending in the face of a public health crisis. In many cases, the...

In this photo released by the Lebanese Government, Lebanese Prime Minister Hassan Diab, gives a speech at the Government House in Beirut, Lebanon, Saturday, March. 7, 2020. Lebanon's prime minister said Saturday the government will suspend payment of $1.2 billion in loans, marking the crisis-hit country's first-ever default on its sovereign debt. (Dalati Nohra/Lebanese Government via AP)

Rating agencies warn Lebanon over $1.2 billion loan default

Mar. 10, 2020 8:54 AM EDT

BEIRUT (AP) — Credit ratings agency Moody's warned Tuesday that Lebanon's first-ever default on paying its sovereign debt will likely lead to significant losses for private creditors as well as serious implications for the country's banking sector. Lebanon's prime minister on Saturday said the government...

In this photo released by the Lebanese Government, Lebanese Prime Minister Hassan Diab, gives a speech at the Government House in Beirut, Lebanon, Saturday, March. 7, 2020. Lebanon's prime minister said Saturday the government will suspend payment of $1.2 billion in loans, marking the crisis-hit country's first-ever default on its sovereign debt. (Dalati Nohra/Lebanese Government via AP)

Crisis-hit Lebanon to default on $1.2 billion loan payment

Mar. 7, 2020 1:18 PM EST

BEIRUT (AP) — Lebanon's prime minister said Saturday the government will suspend payment of $1.2 billion in loans, marking the crisis-hit country's first-ever default on its sovereign debt amid ongoing popular unrest. Hassan Diab made the announcement in a televised address to the Lebanese people, saying...

President Donald Trump speaks during a FOX News Channel town hall at the Scranton Cultural Center, Thursday, March 5, 2020, in Scranton, Pa. (AP Photo/Evan Vucci)

Trump defends his rhetoric in 1st TV town hall of 2020

Mar. 5, 2020 10:35 PM EST

SCRANTON, Pa. (AP) — President Donald Trump defended the administration's response to the coronavirus and his confrontational style of name-calling political opponents as he fielded questions Thursday from select members of the public in his first TV town hall of the 2020 election cycle. Trump, who...

House road plan has no tax hike; Senate wants to curb debt

Mar. 4, 2020 11:45 PM EST

LANSING, Mich. (AP) — Republicans who control the Michigan House proposed a new transportation-funding plan Wednesday that would not raise fuel taxes but would direct an additional $800 million toward local roads. The core facet of the proposal is similar to one that was not embraced last year by...

House OKs bill targeting predatory medical debt collectors

Feb. 24, 2020 6:44 PM EST

BOISE, Idaho (AP) — Legislation to create transparency in medical bills sent to patients and to rein in predatory medical debt collectors headed to the Idaho Senate Monday after an extraordinary debate in the House. Representatives approved the legislation in a 49-20 vote after a two-hour debate where...

FILE - In this Nov. 5, 2018, file photo, supporters of President Donald Trump wait for him to arrive to speak at a rally at Allen County War Memorial Coliseum, in Fort Wayne, Ind. Vice President Mike Pence has a favorite line when he introduces President Donald Trump at rallies. He says

'Promises kept' mantra doesn't always match Trump's reality

Feb. 23, 2020 7:45 AM EST

WASHINGTON (AP) — “It's been three years of promises made and promises kept, but we’re just getting started, (insert state here)." That line from Vice President Mike Pence is a hallmark of how he introduces President Donald Trump to campaign rally audiences. Last week, he delivered versions...

The moon rises behind the ancient Acropolis hill with the 500 BC Parthenon temple in Athens, on Saturday, Feb. 8, 2020. (AP Photo/Petros Giannakouris)

Greek 10-year bond yield makes historic dip below 1%

Feb. 12, 2020 2:53 PM EST

Greece's 10-year government bond yield fell below 1% Wednesday for the first time, bolstering the country's effort to ease strict budget conditions set by bailout lenders. The yield dropped to 0.957% but remains among the highest borrowing rates in the 19-country eurozone and roughly level with Italy —...

Greece's Prime Minister Kyriakos Mitsotakis, left, speaks with the European Commissioner for Economy Paolo Gentiloni during their meeting at Maximos Mansion in Athens, Thursday, Feb. 6, 2020. Gentiloni will have a series of meetings with Greek top officials in the context of the European Semester, the EU's cycle of economic and fiscal policy coordination among member states. (AP Photo/Thanassis Stavrakis)

EU signals willingness to ease Greek budget targets

Feb. 6, 2020 10:40 AM EST

ATHENS, Greece (AP) — The European Union's new economy commissioner says Greece's bailout lenders are willing to discuss a request by Athens to ease strict budget targets that would help speed up the country's recovery. While visiting Athens Thursday, Paolo Gentiloni sai d discussions could begin as soon...