Latest Sovereign debt News

Former Westwood College students get federal debt canceled

Aug. 30, 2022 11:37 AM EDT

WASHINGTON (AP) — Any federal student loans used to attend the for-profit Westwood College from 2002 through 2015 will be canceled after federal officials found that the school greatly exaggerated the job prospects of its graduates, the Biden administration announced Tuesday. The...

Student loan forgiveness could help more than 40 million

Aug. 25, 2022 13:14 PM EDT

WASHINGTON (AP) — More than 40 million Americans could see their student loan debt reduced — and in many cases eliminated — under the long-awaited forgiveness plan President Joe Biden announced Wednesday, a historic but politically divisive move in the run-up to the midterm elections. ...

Biden administration forecasts $1.03T deficit, down $400B

Aug. 23, 2022 15:24 PM EDT

WASHINGTON (AP) — The Biden administration is forecasting that this year’s budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending, and an economy that has recovered all of the jobs lost during the...

Greece rid of budget watch but inflation, energy woes bite

Aug. 20, 2022 09:35 AM EDT

ATHENS, Greece (AP) — With more of a whisper than a resounding clang, Greece has shed another restriction dating to its painful financial bailout years. Saturday's formal end of “enhanced surveillance” by European Union creditors means the country will no longer face quarterly...

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 21:42 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 large 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. ...