Latest Debt and bond markets News

Yellen: Failure to raise debt limit would be 'catastrophic'

Jun. 23, 2021 16:55 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen told a congressional panel Wednesday that failing to raise the federal debt ceiling would have “catastrophic consequences” that could bring on a financial crisis. Testifying before a Senate Appropriations...

No more tolls for Hilton Head's Cross Island Parkway

Jun. 23, 2021 14:12 PM EDT

HILTON HEAD ISLAND, S.C. (AP) — At the end of the month, motorists traveling Hilton Head Island's Cross Island Parkway will no longer have to pay a toll. The South Carolina Department of Transportation said it will stop collecting tolls June 30. At 11:59:59 p.m., the...

Student loan payments to restart; here's how to get help

Jun. 23, 2021 08:35 AM EDT

For 42.9 million student loan borrowers , it’s been 18 months without a payment. That ends in October — ready or not. The interest-free federal student loan payment pause, known as a forbearance, was extended three times after it initially went into effect in March...

Arizona GOP budget holdouts near win on tax cut changes

Jun. 17, 2021 21:00 PM EDT

PHOENIX (AP) — A pair of Republican Arizona lawmakers who objected to a $1.9 billion tax cut in a $12.8 billion GOP budget deal were close Thursday to winning major concessions that would secure their support for the spending plan before the whole deal came to a halt over the tax cut's...

Let the recovery begin: EU chief OKs first virus plans

Jun. 16, 2021 11:56 AM EDT

MADRID (AP) — The European Union moved a step closer Wednesday to deploying the bloc’s massive pandemic recovery fund, with a top executive going to Portugal and Spain to announce the bloc’s initial endorsement of their national spending plans. European Commission...

EU raises €20 billion in 10-year bond to fund virus recovery

Jun. 15, 2021 13:21 PM EDT

BRUSSELS (AP) — The European Commission said on Tuesday it has raised €20 billion ($24.2 billion) through a 10-year bond as part of its plans to finance the 27-nation bloc's recovery from the coronavirus crisis. EU Commission president Ursula von der Leyen said the...

Pioneering investor dubbed 'China's First Shareholder' dies

Jun. 15, 2021 04:47 AM EDT

BEIJING (AP) — A former factory worker known as “China’s First Shareholder” after he amassed a fortune trading in the country’s infant financial markets starting in the 1980s has died, news reports said Tuesday. Yang Huaiding died Sunday at 71, the state-owned...

Stocks notch modest gains and a 3rd winning week for S&P 500

Jun. 11, 2021 17:07 PM EDT

Wall Street closed out a mostly listless week Friday with a wobbly day of trading that helped nudge the S&P 500 to its third straight weekly gain. The benchmark index edged up 0.2% after spending much of the day in the red. The small uptick was enough to lift the...

Greece taps markets for 4th time in 2021, raises 2.5bn euros

Jun. 09, 2021 10:23 AM EDT

ATHENS, Greece (AP) — Greece raised 2.5 billion euros ($3.1 billion) on Wednesday after reopening a 10-year bond auction, with demand reportedly more than 10 times the received amount. Finance Minister Christos Staikouras said the yield at the latest auction was close...

Editorial Roundup: Michigan

Jun. 07, 2021 09:10 AM EDT

Detroit Free Press. May 30, 2021. Editorial: Michigan senators chart a path to real police reform There is growing consensus that the status quo in policing is unacceptable: among police officers, who find themselves at odds with the communities...