Latest Sovereign 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...

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...

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. ...

McConnell says GOP open to $600 billion for infrastructure

May. 03, 2021 16:33 PM EDT

LOUISVILLE, Ky. (AP) — Senate Minority Leader Mitch McConnell, R-Ky., said Monday that Republicans are willing to spend up to $600 billion on infrastructure, far less than President Joe Biden is seeking, even as he ruled out supporting a higher corporate tax rate to pay for it. ...

Greece closer to investment grade with ratings upgrade

Apr. 23, 2021 18:08 PM EDT

Greece moved closer to investment grade late Friday after Standard & Poor’s upgraded its sovereign rating for the debt-strapped country by one notch to BB from BB- with a positive outlook. “The upgrade reflects our expectation of a rapid improvement in Greece’s...

Groups push for easier student loan relief for the disabled

Apr. 19, 2021 15:52 PM EDT

Advocates for the disabled are pressing the Biden administration to cancel student debt for hundreds of thousands of Americans who have disabilities that make them eligible for federal debt forgiveness but who have not applied for the benefit. Using a rarely pursued...

Stores in Greece open amid virus surge to help save economy

Apr. 05, 2021 08:46 AM EDT

ATHENS, Greece (AP) — Retail stores across most of Greece were allowed to reopen Monday despite an ongoing surge in COVID-19 infections, as the country battles to emerge from deep recession. Stores in greater Athens opened for pickup services only but remain closed in...