Latest Debt and bond markets News

Northam announces plans to refinance college bonds

Sep. 22, 2020 2:48 PM EDT

RICHMOND, Va. (AP) — Virginia Gov. Ralph Northam is announcing a new plan to refinance debt related to construction on college campuses, a move he said will save public colleges $300 million over the next two years. Northam made the announcement Tuesday at George Mason University, which the governor's...

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York.  Stocks are falling early on Wall Street Thursday, Sept. 17,  as the late selling from the previous day carries over.  (AP Photo/Mary Altaffer, File)

Soaring wealth during pandemic highlights rising inequality

Sep. 21, 2020 2:56 PM EDT

WASHINGTON (AP) — Americans' household wealth rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in March. Yet the gains flowed mainly to the most affluent households even as tens of millions of people endured job losses and shrunken incomes. The...

UA board approves loan to cover athletic department's debt

Sep. 10, 2020 4:13 PM EDT

FAYETTEVILLE, Ark. (AP) — An Arkansas university board has approved a loan of up to $19.1 million that will allow its athletic department to pay off debt due this year and next year on bonds issued for its facilities. The University of Arkansas System board of trustees approved the loan agreement Tuesday,...

Republican House Minority Leader James Townsend speaks in front of GOP candidates for the state House and Senate on Wednesday, March 11, 2020, at a press conference in Albuquerque, N.M. Republicans introduced Wednesday a diverse slate of candidates they hope will flip the Democratic-controlled New Mexico House amid rural angry over a new red-flag gun law and uncertainty over oil prices. (AP Photo/Russell Contreras)

New Mexico GOP unveils 'Fair Deal' plan to flip Legislature

Sep. 8, 2020 4:39 PM EDT

RIO RANCHO, N.M. (AP) — New Mexico Republicans say they have unveiled Tuesday a “moderate agenda” centered around economic development and criminal justice reform in a bid to capture the state House and Senate. GOP House Minority Leader James Townsend and Republican Senate Minority Whip Craig...

FILE - In this April 29, 2020 file photo, a sign displaying the size of the national debt is displayed along an empty K Street in Washington.  The Congressional Budget Office has warned that the government this year will run the largest budget deficit, as a share of the economy, since 1945, the year World War II ended. Next year, the federal debt — made up of the year-after-year gush of annual deficits — is forecast to exceed the size of the entire American economy for the first time since 1946.  (AP Photo/Andrew Harnik, File)

AP Explains: US debt will soon exceed size of entire economy

Sep. 5, 2020 11:06 AM EDT

WASHINGTON (AP) — The U.S. government's war against the coronavirus is imposing the heaviest strain on the Treasury since America's drive to defeat Nazi Germany and imperial Japan three-quarters of a century ago. The Congressional Budget Office has warned that the government this year will run the largest...

Alaska Supreme Court rules bonding plan is unconstitutional

Sep. 4, 2020 9:08 PM EDT

JUNEAU, Alaska (AP) — The Alaska Supreme Court on Friday rejected as unconstitutional former Gov. Bill Walker’s proposal to use bonding to pay Alaska’s oil and gas tax credit obligations. The court, in a written ruling, said the plan, which was approved by the Legislature in 2018, is...

FILE - In this Aug. 3, 2020, file photo dark clouds and heavy rain sweep over the U.S. Capitol in Washington. The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said Wednesday, Sept. 2. (AP Photo/J. Scott Applewhite, File)

Budget deficit to hit record $3.3T due to virus, recession

Sep. 3, 2020 12:13 AM EDT

WASHINGTON (AP) — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said. The spike in the deficit means that...

Treasury Secretary Steven Mnuchin is sworn in before the House Select Subcommittee on the Coronavirus Crisis during a hybrid hearing, Tuesday, Sept. 1, 2020, on Capitol Hill in Washington (Nicholas Kamm/Pool via AP)

Budget deficit to hit record $3.3T due to virus, recession

Sep. 2, 2020 3:14 PM EDT

WASHINGTON (AP) — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expeditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said Wednesday. That’s more than triple...

FILE - In this Dec. 31, 2016 file photo, the sun rises over the city skyline with the Burj Khalifa, the world's tallest building, on a foggy day in Dubai, United Arab Emirates. Dubai is tapping the global financial market to potentially raise billions of dollars for the first time in years. That's according to a bond prospectus seen on Tuesday, Sept. 1, 2020, by The Associated Press. It reveals the deepening toll of the coronavirus pandemic on Dubai's economy. (AP Photo/Kamran Jebreili, File)

Dubai, hit hard by virus, returns to global financial market

Sep. 1, 2020 9:43 AM EDT

DUBAI, United Arab Emirates (AP) — Dubai is tapping the global financial market to potentially raise billions of dollars for the first time in years, a new bond prospectus shows, revealing the deepening toll of the coronavirus pandemic on its economy. From long-haul carrier Emirates to its delayed Expo...

Germany to issue 'green bonds' worth up to $13B this year

Aug. 24, 2020 10:09 AM EDT

BERLIN (AP) — The German government plans to generate up to 11 billion euros ($13 billion) for clean transportation and renewable energy projects this year by issuing so-called green bond, officials said Monday. The step is part of an effort to meet demand for environmentally friendly investments and...