Latest Debt and bond markets News

Editorial Roundup: West Virginia

Aug. 04, 2022 16:29 PM EDT

The Register-Herald. July 30, 2022. Editorial: Manchin does what’s best for civilization To be sure, this 11th-hour legislative compromise between Sen. Joe Manchin and Senate leaders on climate change did not produce a muscular twin of President Joe Biden’s $1.8...

Treasury says borrowing needs increased by $262 billion

Aug. 01, 2022 18:48 PM EDT

WASHINGTON (AP) — The Treasury Department is seeking to borrow $444 billion in the current quarter through September as the Federal Reserve tightens its portfolio. Figures released Monday by the department show that to be a $262 billion increase compared to estimates announced in...

Manchin, Schumer in surprise deal on health, energy, taxes

Jul. 27, 2022 21:02 PM EDT

WASHINGTON (AP) — In a startling turnabout, Senate Majority Leader Chuck Schumer and Sen. Joe Manchin announced an expansive agreement Wednesday that had eluded them for months addressing health care and climate, raising taxes on high earners and corporations and reducing federal debt. ...

Text of the Federal Reserve's statement after its meeting

Jul. 27, 2022 17:10 PM EDT

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains...

In turnaround, Sen. Manchin says he has deal with top Democrat to cut health care and energy costs, reduce federal debt

Jul. 27, 2022 17:06 PM EDT
WASHINGTON (AP) — In turnaround, Sen. Manchin says he has deal with top Democrat to cut health care and energy costs, reduce federal debt.

Report: Federal debt lower in 2022; still poised to climb

Jul. 27, 2022 14:14 PM EDT

The Congressional Budget Office said Wednesday that the end of pandemic-era spending, fast economic growth and higher tax revenues have caused the federal debt this year to be lower than forecast. But the non-partisan office also includes a warning in its 30-year outlook about how...

Louisiana bailout fund to borrow $600M to pay insurer claims

Jul. 17, 2022 17:39 PM EDT

NEW ORLEANS (AP) — A state-chartered bailout fund is seeking to borrow $600 million after seven Louisiana insurers went bust following 2021's Hurricane Ida. The Times-Picayune ' The New Orleans Advocate reports that the Louisiana Insurance Guaranty Association will seek approval of...

Moody's downgrades Mexican government's debt rating

Jul. 08, 2022 19:32 PM EDT

MEXICO CITY (AP) — Moody’s Investors Service downgraded Mexican government debt Friday from Baa1 to Baa2, citing concerns about debt servicing costs and Mexico's support for the state-owned oil company. Baa2 is still one step above the lowest investment-grade rating, Baa3. ...

Alabama bond sale for mega prisons falls $200 million short

Jun. 30, 2022 19:43 PM EDT

MONTGOMERY, Ala. (AP) — Alabama officials said Thursday that they will move forward with plans to build two supersize prisons despite a bond sale falling more than $200 million short amid a volatile market and pressure from activists. The Alabama Corrections Institution Finance...

How major US stock indexes fared Thursday 6/30/2022

Jun. 30, 2022 16:40 PM EDT

Stocks fell again on Wall Street Thursday, closing out the worst quarter for the market since the onset of the pandemic in early 2020. The S&P 500 fell and is now down 21% since hitting a record high at the beginning of the year, having entered a bear market earlier in June. The...