Latest Sovereign debt News

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...

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...

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...

Editorial Roundup: Louisiana

Mar. 24, 2021 15:44 PM EDT

Recent editorials from Louisiana newspapers: ___ March 24 The Advocate on the national debt and the question of bringing back budget earmarks: The federal debt has surged with the triple whammy of all time,...

Yellen sees room for US to borrow, opens door to tax hike

Mar. 24, 2021 13:57 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen believes the U.S. government has more room to borrow, but said higher taxes would likely be required in the long run to finance future spending increases. Yellen appeared Wednesday before the Senate Banking Committee...

Editorial Roundup: Alabama

Mar. 24, 2021 08:18 AM EDT

Recent editorials from Alabama newspapers: ___ March 21 The Decatur Daily on U.S. Sen Richard Shelby and a proposed balanced budget amendment: U.S. Sen Richard Shelby has been in office since 1987. Last month,...

Idaho governor outlines plan for coronavirus relief money

Mar. 18, 2021 21:18 PM EDT

BOISE, Idaho (AP) — Idaho Gov. Brad Little said Thursday that the state will be deliberative in spending about $2.2 billion it is receiving in the latest round of federal coronavirus relief money. It is the third round of federal relief money coming to Idaho following...

US budget deficit hits record $1.05 trillion after 5 months

Mar. 11, 2021 05:32 AM EST

WASHINGTON (AP) — The U.S. government's budget deficit through February hit an all-time high of $l.05 trillion for the first five months of this budget year, as spending to deal with the coronavirus pandemic surged at a pace far above an increase in tax revenue. The...

$1.9T Biden relief package a bet government can help cure US

Mar. 09, 2021 08:15 AM EST

WASHINGTON (AP) — President Joe Biden wants America to know that he’s from the government and he’s here to help. That sentiment became a well-worn punchline under Ronald Reagan and shaped the politics of both parties for four decades. Democrat Bill Clinton declared...