Latest Sovereign debt News

US budget deficit eases to $165B in October, down 42%

Nov. 10, 2021 14:51 PM EST

The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic. The Treasury Department reported Wednesday that the federal government posted...

Treasury says plans to borrow $1.02 trillion this quarter

Nov. 01, 2021 16:28 PM EDT

WASHINGTON (AP) — The Treasury Department said Monday it plans to borrow $1.02 trillion during the current quarter, the largest amount since the government began passing trillion-dollar rescue packages for the economy in the spring of 2020. Treasury said the borrowing...

Malaysia plans record budget to bolster economic recovery

Oct. 29, 2021 11:05 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysia's government on Friday proposed a record budget for 2022 to bolster an economic recovery following the coronavirus pandemic, with various industrial incentives and cash handouts for the poor and a one-time tax for high-income companies. ...

US budget deficit hits $2.77 trillion in 2021, 2nd highest

Oct. 22, 2021 15:41 PM EDT

WASHINGTON (AP) — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020. The deficits in both years reflect trillions of dollars in government spending to counteract the devastating...

Crunch time: Biden faces critical next 2 weeks for agenda

Oct. 18, 2021 13:59 PM EDT

WASHINGTON (AP) — President Joe Biden is entering a crucial two weeks for his ambitious agenda, racing to conclude contentious congressional negotiations ahead of both domestic deadlines and a chance to showcase his administration’s accomplishments on a global stage. ...

Biden signs debt limit hike, but December standoff looms

Oct. 14, 2021 20:08 PM EDT

WASHINGTON (AP) — President Joe Biden on Thursday signed into law a bill raising the nation's debt limit until early December, delaying the prospect of an unprecedented federal default that would cause economic disaster. The House passed the $480...

Editorial Roundup: U.S.

Oct. 13, 2021 12:38 PM EDT

Excerpts from recent editorials in the United States and abroad: Oct. 8 The Los Angeles Times on the danger of turning the debt limit into political theater: Congratulations to Congress for avoiding economic catastrophe for...

House sends debt limit hike to Biden, staving off default

Oct. 13, 2021 07:01 AM EDT

WASHINGTON (AP) — The House has approved a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy. The $480...

House sends debt limit hike to Biden, staving off default

Oct. 12, 2021 19:28 PM EDT

WASHINGTON (AP) — Members of the House on Tuesday pushed through a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy. ...

Congress off the rails? Lawmakers barrel toward fall fights

Oct. 11, 2021 10:10 AM EDT

WASHINGTON (AP) — Year-end pileups of crucial legislation and the brinkmanship that goes with them are normal behavior for Congress. This autumn, lawmakers are barreling toward battles that are striking for the risks they pose to both parties. Though few doubt that...