Latest Debt and bond markets News

McConnell unmoved on debt limit, risking turmoil for Biden

Sep. 16, 2021 23:00 PM EDT

WASHINGTON (AP) — The Biden administration has been enlisting one emissary after another to convince Senate Republican leader Mitch McConnell to help raise the federal debt limit. It's not working. Despite the high-level conversations, including a...

Tech slide pulls S&P 500 down for its 5th straight loss

Sep. 10, 2021 16:47 PM EDT

Wall Street capped a choppy day of trading Friday with another pullback for stocks and the S&P 500's first weekly loss in three weeks. The benchmark index fell 0.8%, its fifth straight decline, and ended 1.7% lower for the holiday-shortened week. That's it's biggest...

Asian shares rebound; Wall St headed for weekly decline

Sep. 09, 2021 22:54 PM EDT

Shares were higher in Asia on Friday as investors stepped up buying despite another decline on Wall Street that kept the S&P 500 and the Nasdaq on track for their first weekly losses in three weeks. Shares rose in Tokyo, Hong Kong and other major markets, bouncing...

Asian shares slip as Fed signals 'downshift' in economy

Sep. 08, 2021 22:34 PM EDT

Shares fell in Asia on Thursday after further losses on Wall Street following a Federal Reserve report showing U.S. economic activity slowed this summer. The report pointed to resurgent coronavirus cases and mounting supply chain problems and labor shortages — woes...

Top Dems leave door open to trimming Biden's $3.5T price tag

Sep. 08, 2021 17:10 PM EDT

WASHINGTON (AP) — Congress' two top Democrats seemed to leave the door open Wednesday to ultimately reducing the $3.5 trillion price tag of President Joe Biden's plan to boost social and environment programs, illustrating party divisions they will spend weeks trying to resolve. ...

Asian stocks mixed after lackluster day on Wall Street

Sep. 07, 2021 23:22 PM EDT

Stocks were mixed in Asia on Wednesday after Wall Street closed mostly lower as traders returned from the Labor Day holiday. Shares rose in Tokyo, Hong Kong and Shanghai but fell in Seoul and Sydney. Japan's growth for April-June was revised up to...

Referendum would create hurdle to consumer-owned utility

Sep. 07, 2021 15:49 PM EDT

AUGUSTA, Maine (AP) — Opponents of a proposal to replace the state's private utility companies with a consumer-owned utility have crafted a referendum that could create a hurdle to issuing bonds to fund the effort. The referendum proposal submitted to the secretary of...

EU commission to issue 250 billion euros in green bonds

Sep. 07, 2021 07:23 AM EDT

BRUSSELS (AP) — The European Commission said on Tuesday it would issue up to 250 billion euros in green bonds this fall as part of its plans to finance the 27-nation bloc’s recovery from the coronavirus crisis. The EU’s executive arm said the bonds will represent...

State: Newark skirted no-bid laws in $5M ice rink renovation

Sep. 01, 2021 17:05 PM EDT

NEWARK, N.J. (AP) — New Jersey's largest city violated state guidelines when it financed a $5.4 million contract to renovate a public ice skating rink when the cost should have been borne by the entity performing the work, a state comptroller's report released Wednesday concluded. ...

Projects financed with STAR bonds not meeting tourism goals

Aug. 31, 2021 12:53 PM EDT

TOPEKA, Kan. (AP) — Only three of 16 projects financed with STAR bonds are meeting requirements for bringing visitors and spending to Kansas, and it could still take decades for them to return the tax revenue diverted for the bonds, according to a new state audit. Sales...