Latest Government securities News

This photo provided by the Jackson County Sheriff’s Office shows Joseph Morrison. Agents foiled a stunning plot to kidnap Michigan Democratic Gov. Gretchen Whitmer, authorities said Thursday, Oct. 8, 2020 in announcing charges in an alleged scheme that involved months of planning and even rehearsals to snatch her from her vacation home. According to an FBI affidavit, Morrison is one of the founding members of the Wolverine Watchmen, which authorities described as “an anti-government, anti-law enforcement militia group.” (Jackson County Sheriff’s Office via AP)

Bond greatly reduced for man linked to Whitmer kidnap plot

Nov. 13, 2020 5:19 PM EST

JACKSON, Mich. (AP) — A judge greatly reduced bond to $150,000 Friday for a man accused of allowing his property to be used by an anti-government group plotting to kidnap Michigan's governor. Joseph Morrison, described as the commander of the Wolverine Watchmen, has been in custody in Jackson County for...

FILE - In this Thursday Sept. 24, 2020 file photo, Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, on Capitol Hill in Washington. Three of the globe's top central banks said on Thursday, Nov, 12 the world economy continues to need help despite news of progress toward a COVID-19 vaccine, with U.S. Federal Reserve Chair Jerome Powell saying that the U.S. Congress “may have to do more” to cushion the blow from the pandemic. (Drew Angerer/Pool via AP, file)

Top central bankers: Economy needs help despite vaccine news

Nov. 12, 2020 3:58 PM EST

FRANKFURT, Germany (AP) — Three of the globe's top central bankers said their economies continue to need help despite progress toward a COVID-19 vaccine, with U.S. Federal Reserve Chair Jerome Powell saying that the U.S. Congress “may need to do more” to cushion the blow from the pandemic....

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Nov. 12, 2020. Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. (AP Photo/Eugene Hoshiko)

Asian shares slip on faltering hopes for COVID vaccines

Nov. 11, 2020 11:21 PM EST

Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. News of potentially effective vaccines for COVID-19 has been countered by concerns over the logistical challenges of ensuring access to billions of people and over rising caseloads that are...

A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong,, Thursday, Nov. 5, 2020. Asian shares have advanced after stocks rallied on Wall Street as investors embraced the upside of more gridlock in Washington, sending the S&P 500 index up 2.2%.(AP Photo/Kin Cheung)

Asia tracks Wall St rally as markets shrug at election limbo

Nov. 4, 2020 10:55 PM EST

Asian shares advanced Thursday after stocks rallied on Wall Street as investors embraced the upside of more gridlock in Washington, sending the S&P 500 index up 2.2% while the outcome of the U.S. presidential election remained in limbo. Hong Kong's benchmark led the region, gaining 2.4%, while shares also...

Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, Thursday Sept. 24, 2020 on Capitol Hill in Washington about the CARES Act and the economic effects of the coronavirus pandemic. (Drew Angerer/Pool via AP)

Fed confronts a shaky US economy that likely needs more help

Nov. 4, 2020 1:01 PM EST

WASHINGTON (AP) — Federal Reserve officials are meeting this week with the economy facing growing threats from a resurgence of the coronavirus and from Congress' failure to provide any further aid for struggling individuals and businesses. Yet the Fed will likely end its latest policy meeting Thursday by...

A man walks past the Reserve Bank of Australia headquarters in Sydney, Tuesday, Nov. 3, 2020. Australia’s central bank on Tuesday cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession.(Dan Himbrechts/AAP Image)

Australian central bank cuts key interest rate to 0.1%

Nov. 3, 2020 1:22 AM EST

CANBERRA, Australia (AP) — Australia’s central bank on Tuesday cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession. The move was the first since March when the Reserve Bank of Australia board made two cuts...

Treasury projects borrowing $617 billion in current quarter

Nov. 2, 2020 3:53 PM EST

WASHINGTON (AP) — The U.S. Treasury is projecting that it will need to borrow $617 billion in the final three months of 2020 as the government boosts the sale of Treasury securities to cover record budget deficits. Treasury Department officials said Monday that the $617 billion in marketable borrowing in...

FILE — In this Feb. 6, 2020, file photo, a man tries on a face mask at a pharmacy in Kitwe, Zambia. Facing financial difficulties aggravated by the coronavirus pandemic, the southern African nation of Zambia seems to be headed for a default on debt owed to private investors. (AP Photo/Emmanuel Mwiche, File)

Zambia's risk of default highlights Africa's debt crisis

Nov. 1, 2020 4:21 AM EST

KAMPALA, Uganda (AP) — Facing financial difficulties aggravated by the coronavirus pandemic, the southern African nation of Zambia appears headed for a default on debt owed to private investors. One of the world's top copper producers, Zambia for years has been heavily indebted but now could get an...

The TIPCO tower stands in Bangkok, Thailand, Wednesday, Sept. 2, 2020. One of Asia's biggest asphalt companies, Tipco Asphalt, is helping Venezuela skirt harsh U.S. sanctions by moving hundreds of millions of dollars on behalf of the state-run oil company PDVSA, according to an Associated Press investigation. (AP Photo/Gemunu Amarasinghe)

To dodge sanctions Venezuela turns to Asia asphalt giant

Oct. 8, 2020 8:32 AM EDT

MIAMI (AP) — Back in January, a yearlong campaign of U.S. sanctions was taking its toll at Venezuela’s state-run oil company. Many of PDVSA’s overseas bank accounts had been frozen or closed, hampering its ability to pay vendors on whom it relies to keep the nation’s crude flowing. ...