Latest Government debt News

S&P 500 hits another record, marks 4th weekly gain in a row

Apr. 16, 2021 16:50 PM EDT

Stocks added to their recent gains Friday, driving the S&P 500 and Dow Jones Industrial Average to new highs. The S&P 500 rose 0.4%, led by gains in companies that rely directly on consumer spending, health care stocks and banks, which benefited from higher...

Asian shares gain despite virus worries; China exports rise

Apr. 13, 2021 00:04 AM EDT

TOKYO (AP) — Asian shares were mostly higher on Tuesday with hopes growing for a global economic rebound despite surging coronavirus cases in many places. China reported its exports rose nearly 31% in March, in line with expectations but weaker than the 60% growth seen...

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...

Safety last: Risky investments soared at start of 2021

Apr. 01, 2021 10:18 AM EDT

NEW YORK (AP) — Who needs safety when the world's about to get back to normal? Risky stocks seen as nearly untouchable a year ago burst to the market's best performances during the first three months of 2021, headlining a fourth straight quarter of gains for the S&P...

Biden announces huge infrastructure plan to 'win the future'

Mar. 31, 2021 23:00 PM EDT

PITTSBURGH (AP) — President Joe Biden outlined a huge $2.3 trillion plan Wednesday to reengineer the nation’s infrastructure in what he billed as “a once-in-a-generation investment in America” that would undo his predecessor’s signature legislative achievement — giant tax cuts for...

Yellen says regulatory panel to look at 2020 market turmoil

Mar. 31, 2021 18:33 PM EDT

WASHINGTON (AP) — Last year’s coronavirus-triggered market turmoil exposed vulnerable areas in the U.S. economy that need to be addressed by the nation's top-level financial supervisory group, Treasury Secretary Janet Yellen said Wednesday. Yellen told members of the...

Wyoming lawmakers again vote to reject Medicaid expansion

Mar. 31, 2021 15:24 PM EDT

CHEYENNE, Wyo. (AP) — Wyoming lawmakers have once again voted against expanding the federal Medicaid health insurance program to cover more people in the state. The all-Republican Senate Labor, Health and Social Services Committee voted 3-2 Wednesday to kill a Medicaid...

Path from Clinton to Biden takes U-turn on debt, trade, more

Mar. 28, 2021 07:48 AM EDT

WASHINGTON (AP) — When Bill Clinton spoke of how to build a bridge to the 21st century, it was to be constructed with balanced budgets, welfare recipients who found jobs and expanded global trade. Three decades later, President Joe Biden is dealing with harsh 21st...

Asian markets push higher despite tech sell-off on Wall St

Mar. 25, 2021 00:35 AM EDT

BANGKOK (AP) — Shares advanced in Asia on Thursday after a broad decline on Wall Street led by selling of tech heavyweights like Facebook and Apple. Japan’s Nikkei 225 index jumped 0.9%, while other regional benchmarks logged modest gains. ...

Cooper seeks big debt package, pay hikes, Medicaid expansion

Mar. 24, 2021 22:11 PM EDT

RALEIGH, N.C. (AP) — North Carolina Democratic Gov. Roy Cooper on Wednesday proposed a spending and borrowing spree by state government that he said is critical to fulfilling education, health care and infrastructure demands that were evident before the pandemic but have been exacerbated...