Latest Government debt News

The Capitol is seen as defense arguments by the Republicans resume in the impeachment trial of President Donald Trump on charges of abuse of power and obstruction of Congress, in Washington, Monday, Jan. 27, 2020. (AP Photo/J. Scott Applewhite)

Budget deficit to break $1 trillion despite strong economy

Jan. 28, 2020 2:34 PM EST

WASHINGTON (AP) — An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy. Tuesday's Congressional Budget Office report follows a burst of new spending last year and the repeal in December of several taxes...

A general view of the city of Athens with the ancient Acropolis hill on the background, Tuesday Jan. 28, 2020. Greece has launched an auction for a 15-year bond, aimed at taking advantage of low interest rates and a recent sovereign credit rating upgrade. (AP Photo/Petros Giannakouris)

Greece says landmark 15-year bond auction successful

Jan. 28, 2020 2:03 PM EST

ATHENS, Greece (AP) — Greece raised 2.5 billion euros ($2.75 billion) in a 15-year bond auction on Tuesday at a low interest rate, as the country borrowed beyond the scope of a bailout-repayment relief plan for the first time. The Public Debt Management Agency said the yield was 1.88% — below a...

A currency trader wearing a mask watches a calendar at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Jan. 28, 2020. Asian shares continued to fall Tuesday, dragged down by worries about an outbreak of a new virus in China that threatens global economic growth. (AP Photo/Ahn Young-joon)

Asian shares sink on mounting worries over China outbreak

Jan. 27, 2020 11:30 PM EST

TOKYO (AP) — Asian shares skidded again Tuesday on deepening worries over the expanding outbreak of a new virus in China. Markets in Hong Kong and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea's benchmark tumbled 3.4% to 2,170.88 as it reopened after its own holidays. ...

FILE - In this Dec. 11, 2019, file photo Federal Reserve Chair Jerome Powell arrives to speak at a news conference after the Federal Open Market Committee meeting in Washington. For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no inclination to change them anytime soon. Powell has expressed a sense of gratification with Fed policy. (AP Photo/Jacquelyn Martin, File)

Fed seems content with low rates but confronts challenges

Jan. 27, 2020 11:28 AM EST

WASHINGTON (AP) — For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no inclination to change them anytime soon. Chairman Jerome Powell has expressed a sense of gratification with...

Members of the Presidential Guard perform during of the changing of the guards ceremony at the tomb of the unknown soldier in central Athens, on Tuesday, Jan. 21, 2020. (AP Photo/Petros Giannakouris)

Greece plans 15-year bond issue to improve debt outlook

Jan. 27, 2020 9:41 AM EST

ATHENS, Greece (AP) — Greece says it plans to issue a 15-year bond, tapping international markets for financing after the country's sovereign credit rating was upgraded. The Public Debt Management Agency, in a statement on Monday named five banks that would be involved in the auction, which is expected as...

Fitch upgrades Greek credit rating by 1 notch to BB

Jan. 24, 2020 6:51 PM EST

ATHENS, Greece (AP) — Fitch ratings agency on Friday raised Greece's credit rating by one notch to BB with a positive outlook, implying that a further upgrade could come in the future. The country emerged from a ten-year financial crisis in 2018, and its credit is still rated between two and four notches...

FILE - In this Jan. 9, 2020, file photo specialist Brian Giannettino works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 24. (AP Photo/Richard Drew, File)

Stocks fall as fears about deadly virus grow; Dow drops 170

Jan. 24, 2020 5:03 PM EST

Health care companies led a broad slide in U.S. stocks Friday as increased fears over the spread of a deadly outbreak of coronavirus rattled markets. The S&P 500 had its worst day since early October and snapped a two-week winning streak. The sell-off followed news that a Chicago woman has become the second...

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Jan. 22, 2020. Shares advanced in early Asian trading after a slide in U.S. stocks Tuesday as a virus outbreak in China rattled global markets. (AP Photo/Ahn Young-joon)

Asian shares higher after selloffs spurred by Chinese virus

Jan. 21, 2020 11:08 PM EST

Shares mostly rose in early Asian trading on Wednesday after a slide in U.S. stocks overnight as a virus outbreak in China rattled global markets. Japan's Nikkei 225 index climbed 0.6% to 24,013.15 and the Kospi in South Korea surged 0.8% to 2,256.95. In Hong Kong, the Hang Seng jumped 0.8% to 28,216.78. The...

Migrants from Bangladesh push a trolley with collected plastic items as they pass in front the Bank of Greece headquarters in Athens, Thursday, Jan. 16, 2020. (AP Photo/Thanassis Stavrakis)

Creditors start checkup as Greece seeks lower budget targets

Jan. 20, 2020 8:29 AM EST

ATHENS, Greece (AP) — Officials from Greece's bailout-creditor institutions are in Athens for an inspection of the country's public finances, as the center-right government is pressing for more lenient budget performance targets. The weeklong inspection began Monday, and involves the European Commission,...

US Treasury announces it will begin selling new 20-year bond

Jan. 16, 2020 6:29 PM EST

WASHINGTON (AP) — The U.S. Treasury, faced with financing budget deficits topping $1 trillion annually, is introducing a new 20-year bond. The new 20-year bond was chosen after officials considered proposals for a 50-year or 100-year bond, Treasury said in a statement Thursday. It said the new 20-year bond...