Latest Government securities News

Editorial Roundup: US

May. 20, 2020 2:01 PM EDT

Excerpts from recent editorials in the United States and abroad: ___ May 19 The Washington Post on Education Secretary Betsy DeVos' plan on governing how schools and colleges handle sexual harassment and assault accusations: Education Secretary Betsy DeVos’s long-planned overhaul of regulations governing...

In this April 3, 2020, photo, a man wearing a face mask due to COVID-19 concerns stands outside a check cashing service center in the Brooklyn borough of New York. While millions of U.S. workers have already received a quick relief payment from the federal treasury through direct deposit, millions of others without traditional bank accounts must wait weeks for paper checks. Advocates for the poor say this is an opportunity to get many of those who are unbanked into the formal financial system. (AP Photo/Bebeto Matthews)

A 20-year Treasury bond; part of $2.99 trillion borrowing

May. 6, 2020 10:54 AM EDT

WASHINGTON (AP) — The Treasury Department is detailing how it plans to borrow a record-breaking $2.99 trillion in debt this quarter which will include issuing for the first time since 1986 a 20-year bond. The Treasury faces an unprecedented need for credit because of the trillions of dollars the government...

A man walks by the Euro sculpture in front of the old the European Central Bank in Frankfurt, Germany, Tuesday, May 5, 2020. Germany's Constitutional Court has ruled that the country's central bank must stop participating in a key European Central Bank stimulus program but gave the ECB time to demonstrate that the stimulus program is needed and appropriate. (AP Photo/Michael Probst)

German court asks ECB to justify key stimulus program

May. 5, 2020 2:31 PM EDT

FRANKFURT, Germany (AP) — Germany's highest court cast doubt on key eurozone stimulus efforts by giving the European Central Bank three months to prove that its key bond-buying program is justified and appropriate. If it doesn't make that showing, the court ruled, Germany's own national central bank can...

This Sept. 18, 2019 photo shows the U.S. Treasury Department building viewed from the Washington Monument in Washington. The Treasury Department says it will need to borrow a record $2.99 trillion during the current April-June quarter to cover the cost of various rescue efforts dealing with the coronavirus pandemic. Treasury said Monday, May 4, 2020 that the $2.99 trillion it plans to borrow this quarter will far surpass the $530 billion quarterly borrowing it did in the July-September 2008 quarter as it dealt with the 2008 financial crisis. The extraordinary sum of $2.99 trillion of borrowing in a single quarter dwarfs the $1.28 trillion the government borrowed in the bond market for all of 2019. (AP Photo/Patrick Semansky)

As US piles up debt to aid economy, even usual critics cheer

May. 5, 2020 2:05 PM EDT

WASHINGTON (AP) — The U.S. government has opened the spigots and let loose nearly $3 trillion to try to rescue the economy from the coronavirus outbreak — a river of debt that would have been unthinkable even a few months ago. And yet the response, even from people who built careers as skeptics of...

This Sept. 18, 2019 photo shows the U.S. Treasury Department building viewed from the Washington Monument in Washington. The Treasury Department says it will need to borrow a record $2.99 trillion during the current April-June quarter to cover the cost of various rescue efforts dealing with the coronavirus pandemic. Treasury said Monday, May 4, 2020 that the $2.99 trillion it plans to borrow this quarter will far surpass the $530 billion quarterly borrowing it did in the July-September 2008 quarter as it dealt with the 2008 financial crisis. The extraordinary sum of $2.99 trillion of borrowing in a single quarter dwarfs the $1.28 trillion the government borrowed in the bond market for all of 2019. (AP Photo/Patrick Semansky)

Treasury says April-June borrowing will be a record $2.99T

May. 4, 2020 5:49 PM EDT

WASHINGTON (AP) — The economic paralysis triggered by the coronavirus pandemic is forcing the U.S. Treasury to borrow far more than it ever has before — $2.99 trillion in the current quarter alone. The amount is more than five times the government’s previous record borrowing for a quarter,...

In this Wednesday, April 29, 2020 photo a man walks in front of the European Central Bank in Frankfurt, Germany. The European economy shrank by 3.8% in the first quarter, the most since records began, as business activity was frozen by shutdowns aimed at preventing the spread of the coronavirus. It was the biggest drop since statistics started in 1995 and bigger than the plunge in the midst of the global financial crisis in the first quarter of 2009 after the bankruptcy of U.S. investment bank Lehman Brothers. (AP Photo/Michael Probst)

With European economy in record drop, central bank gives aid

Apr. 30, 2020 9:58 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank is stepping up its efforts to cushion the economy against a record downturn that the bank's president, Christine Lagarde, said was “of a magnitude and speed that are unprecedented in peacetime.” The monetary authority for the 19 countries...

FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell speaks during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington.  The Federal Reserve said Friday, April 24,  it had $85.8 billion in loans outstanding last week in three of the programs it rolled out last month to protect the economy during the coronavirus pandemic.   (AP Photo/Jacquelyn Martin, File)

Fed signals it will likely hold rates near zero for months

Apr. 29, 2020 6:06 PM EDT

WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will keep its key short-term interest rate near zero for the foreseeable future as part of its extraordinary efforts to bolster an economy that is sinking into its worst crisis since the 1930s. Chairman Jerome Powell noted the gravity of the...

Editorial Roundup: New York

Apr. 29, 2020 4:20 PM EDT

Recent editorials of statewide and national interest from New York’s newspapers: The Coming GOP Spending Split Wall Street Journal April 28 The U.S. Congress has appropriated an astonishing $2.9 trillion in a mere six weeks to counter the coronavirus, and Democrats and some Republicans want trillions more....

FILE - In this Jan. 29, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference in Washington.  The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to suport American households and businesses as well as local governments as they deal with the coronavirus. The Fed said Thursday, April 9,  among the actions it is taking is the activation of a Main Street Lending Program that was authorized by the $2.3 trillion economic relief bill pass by Congress last month.(AP Photo/Manuel Balce Ceneta, File)

Questions swirl as Fed meets amid deepening economic crisis

Apr. 27, 2020 6:20 PM EDT

WASHINGTON (AP) — The Federal Reserve has largely calmed turbulent financial markets. Yet a far tougher task remains: Helping rescue an economy and job market that appear to be free-falling into the worst catastrophe since the Great Depression. Fed policymakers will meet Tuesday and Wednesday against a...

A health worker wearing a protective suit is disinfected inside a portable tent outisee the Gat Andres Bonifacio Memorial Medical Center during an enhanced community quarantine to prevent the spread of the new coronavirus in Manila, Philippines, Monday April 27, 2020. (AP Photo/Aaron Favila)

Asia Today: Officials: No more hospitalized Wuhan patients

Apr. 27, 2020 9:13 AM EDT

BANGKOK (AP) — Wuhan, the city at the center of China’s coronavirus outbreak, has no more hospitalized patients after the last 12 were discharged, the Hubei province health commission said. Hubei’s remaining patients were all in Wuhan, the provincial capital where the outbreak took the...