Latest Sovereign 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...

Federal Reserve Chair Jerome Powell speaks during a news conference, Tuesday, March 3, 2020, to discuss an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus

Q&A: What did the Fed do Monday and who will it help?

Mar. 24, 2020 12:01 AM EDT

WASHINGTON (AP) — The Federal Reserve took several aggressive steps Monday to support an economy ravaged by the effects of the coronavirus. The amount of money involved is huge and the Fed's ambitions are vast: It wants to make loans available to companies and governments so they can pay bills and...

Editorial Roundup: US

Mar. 18, 2020 5:15 PM EDT

Excerpts from recent editorials in the United States and abroad: ___ March 18 The New York Times on providing cash assistance to Americans because of rising economic turmoil due to the spread of the new coronavirus: The United States has never experienced anything quite like the economic disjuncture caused by the...

Editorial Roundup: New York

Mar. 18, 2020 4:14 PM EDT

Recent editorials of statewide and national interest from New York's newspapers: Give Every American $2,000, Immediately The New York Times March 18 The United States has never experienced anything quite like the economic disjuncture caused by the spread of the new coronavirus. Airports and malls are empty....

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...

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...

FILE - In this Jan. 15, 2020 file photo, people look at the broken facade of Bank of Beirut that was smashed by anti-government protesters in Beirut, Lebanon. Fitch Ratings said Tuesday, Feb. 18, 2020, that Lebanon's financial position points to a likely restructuring of the country's massive debt and financial sector as the Arab nation passes though its worst financial and economic crisis in decades. Fitch Ratings' report comes as Lebanese officials are debating whether to pay back $1.2 billion worth of Eurobonds that will mature on March 9. (AP Photo/Bilal Hussein, File)

Banker: Lebanese debt holders ready to discuss refinancing

Feb. 19, 2020 12:44 PM EST

BEIRUT (AP) — If the government decides to refinance Lebanon's massive debt, it should be orderly and include negotiations with debt holders as foreign funds are ready for such discussions, the head of Lebanon's banking association said Wednesday. Lebanon is going through its worst financial and economic...

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 —...