Latest Government debt News

EXPLAINER: How do we know when a recession has begun?

Aug. 05, 2022 14:54 PM EDT

WASHINGTON (AP) — Whether the U.S. economy is heading for a recession got more difficult to answer Friday, when a report showed employers hired hundreds of thousands more workers last month than expected. The stunning strength made clear that a linchpin of the economy remains...

Argentina: New economy chief met by market, political doubts

Aug. 04, 2022 17:13 PM EDT

BUENOS AIRES, Argentina (AP) — The market welcomed Argentina’s new Economy Minister Sergio Massa on Thursday with what appeared to be a cautiously optimistic attitude amid questions about how he would fulfill a key goal of reducing the fiscal deficit, while leftist groups criticized his initial...

Editorial Roundup: West Virginia

Aug. 04, 2022 16:29 PM EDT

The Register-Herald. July 30, 2022. Editorial: Manchin does what’s best for civilization To be sure, this 11th-hour legislative compromise between Sen. Joe Manchin and Senate leaders on climate change did not produce a muscular twin of President Joe Biden’s $1.8...

Sri Lanka leader proposes 25-year plan for crisis-hit nation

Aug. 03, 2022 07:16 AM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka's new president said Wednesday that his government is preparing a national policy roadmap for the next 25 years that aims to cut public debt and turn the country into a competitive export economy as it seeks a way out of its worst economic disaster. ...

Treasury says borrowing needs increased by $262 billion

Aug. 01, 2022 18:48 PM EDT

WASHINGTON (AP) — The Treasury Department is seeking to borrow $444 billion in the current quarter through September as the Federal Reserve tightens its portfolio. Figures released Monday by the department show that to be a $262 billion increase compared to estimates announced in...

Argentina: Markets cheer new minister, but for how long?

Jul. 29, 2022 16:06 PM EDT

BUENOS AIRES (AP) — The markets are cheering the arrival of Sergio Massa as Argentina’s third economy minister in less than a month, but analysts caution that more details are needed about his plans to get the South American country out of its dire economic straits. The local...

EXPLAINER: How do we know when a recession has begun?

Jul. 28, 2022 12:35 PM EDT

WASHINGTON (AP) — The U.S. economy has contracted for two straight quarters, intensifying fears that the nation is on the cusp of a recession — if not already in one — barely two years after the pandemic recession officially ended. Six months of contraction is a long-held...

Manchin, Schumer in surprise deal on health, energy, taxes

Jul. 27, 2022 21:02 PM EDT

WASHINGTON (AP) — In a startling turnabout, Senate Majority Leader Chuck Schumer and Sen. Joe Manchin announced an expansive agreement Wednesday that had eluded them for months addressing health care and climate, raising taxes on high earners and corporations and reducing federal debt. ...

How the Federal Reserve's rate hikes affect your finances

Jul. 27, 2022 18:04 PM EDT

WASHINGTON (AP) — Higher mortgage rates have sent home sales tumbling. Credit card rates have grown more burdensome, and so have auto loans. Savers are finally receiving yields that are actually visible, while crypto assets are reeling. The Federal Reserve's move Wednesday to...

In turnaround, Sen. Manchin says he has deal with top Democrat to cut health care and energy costs, reduce federal debt

Jul. 27, 2022 17:06 PM EDT
WASHINGTON (AP) — In turnaround, Sen. Manchin says he has deal with top Democrat to cut health care and energy costs, reduce federal debt.