Latest Sovereign debt News

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...

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...

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. ...

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.

Report: Federal debt lower in 2022; still poised to climb

Jul. 27, 2022 14:14 PM EDT

The Congressional Budget Office said Wednesday that the end of pandemic-era spending, fast economic growth and higher tax revenues have caused the federal debt this year to be lower than forecast. But the non-partisan office also includes a warning in its 30-year outlook about how...

Moody's downgrades Mexican government's debt rating

Jul. 08, 2022 19:32 PM EDT

MEXICO CITY (AP) — Moody’s Investors Service downgraded Mexican government debt Friday from Baa1 to Baa2, citing concerns about debt servicing costs and Mexico's support for the state-owned oil company. Baa2 is still one step above the lowest investment-grade rating, Baa3. ...

EXPLAINER: What's the impact of a Russian debt default?

Jun. 27, 2022 18:32 PM EDT

LONDON (AP) — Russia has defaulted on its foreign debt for the first time since the Bolshevik Revolution more than a century ago, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine. Moscow owed $100 million in...

EXPLAINER: What's the impact of a Russian debt default?

Jun. 26, 2022 17:18 PM EDT

Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine. The country faces a Sunday night deadline to meet a 30-day...

Settlement would forgive $6B for defrauded college students

Jun. 23, 2022 16:37 PM EDT

The Biden administration has agreed to cancel $6 billion in student loans for about 200,000 former students who say they were defrauded by their colleges, according to a proposed settlement in a Trump-era lawsuit. The agreement filed Wednesday in San Francisco federal court would...

EXPLAINER: Why Sri Lanka's economy collapsed and what's next

Jun. 23, 2022 14:01 PM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka’s prime minister says the island nation’s debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel. Short of cash to pay for imports of such necessities and already defaulting on its debt, it is seeking help from neighboring...