Latest Sovereign debt News

Report shows US deficit to exceed $1 trillion next year

Aug. 22, 2019 1:03 PM EDT

WASHINGTON (AP) — The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this summer, the Congressional Budget Office reported. The return of $1...

Missouri, Kansas farmers, GOP official rely on federal money

Aug. 9, 2019 1:07 AM EDT

KANSAS CITY, Mo. (AP) — Sixth-generation Kansas farmer Charles Atkinson said the millions of dollars in trade aid the federal government has funneled to local farmers doesn't fully make up for what growers have lost in recent years. "But it will help," he said, noting that many farmers are struggling to...

Lebanese daily publishes blank edition to protest crisis

Aug. 8, 2019 12:21 PM EDT

BEIRUT (AP) — Lebanon's only English-language daily protested the country's deteriorating economic and political conditions by publishing a blank edition Thursday, calling it an "alarm bell." Each page of The Daily Star's Thursday edition bore a single phrase referring to one of the country's problems,...

Trump signs bipartisan budget and debt deal into law

Aug. 2, 2019 1:52 PM EDT

WASHINGTON (AP) — President Donald Trump on Friday signed a bipartisan debt increase and new set of spending limits that would help lock in spending increases for the Pentagon and elsewhere in the budget. The hard-won agreement permits the government to resume borrowing to pay its bills and sets an overall...

Republicans face tough vote on budget bill Trump supports

Jul. 31, 2019 2:56 PM EDT

WASHINGTON (AP) — A hard-won, warts-and-all budget pact between House Speaker Nancy Pelosi and President Donald Trump is facing a key vote in the GOP-held Senate, with many conservatives torn between supporting the president and risking their political brand with an unpopular vote to add $2 trillion or...

Treasury projects $433 billion borrowing need this quarter

Jul. 29, 2019 3:48 PM EDT

WASHINGTON (AP) — The Treasury Department said Monday it expects to borrow $433 billion in the current July-September quarter. That would be the largest quarterly borrowing total since early 2018, as the government replenishes its cash reserves following the expected resolution over raising the debt limit....

The Latest: McConnell promises budget vote before recess

Jul. 23, 2019 7:44 AM EDT

WASHINGTON (AP) — The Latest on the debt and budget agreement between the White House and Congress (all times local): 6:35 p.m. Majority Leader Mitch McConnell is promising the Senate will vote on the budget deal agreed to by congressional leaders and the White House before senators leave town for the...

After bailouts, Greece wants easier budget targets

Jul. 22, 2019 5:40 PM EDT

ATHENS, Greece (AP) — Greece's new conservative government said it wants to ease tough budget restrictions set by bailout lenders two years ahead of schedule, as lawmakers on Monday formally confirmed the new administration. Government spokesman Stelios Petsas said Athens will seek negotiations with...

New Greek PM calls bond auction "vote of confidence"

Jul. 16, 2019 2:46 PM EDT

ATHENS, Greece (AP) — Greece launched a 7-year bond auction Tuesday, the country's third effort this year to raise money from international markets while improved borrowing rates provide an advantage. The auction aimed at raising 2.5 billion euros ($2.8 billion) followed 5-year and 10-year bond issues...

Business Highlights

Jul. 12, 2019 5:01 PM EDT

___ Report: FTC approves roughly $5B fine for Facebook SAN FRANCISCO (AP) — A Wall Street Journal report says that the FTC has voted this week to approve a fine of about $5 billion for Facebook over privacy violations. The report Friday cites an unnamed person familiar with the matter. Facebook and the FTC...