Latest Government debt News

Farmers of color sue government for promised federal aid

Dec. 06, 2022 11:22 AM EST

DES MOINES, Iowa (AP) — The federal government has illegally broken a promise to pay off the debts of a group of Black farmers, according to a class-action lawsuit. The group hopes to put pressure on officials to keep their word and to restore funding that was dropped after a group of white...

EXPLAINER: Can Ukraine pay for war without wrecking economy?

Dec. 03, 2022 02:26 AM EST

FRANKFURT, Germany (AP) — Even as Ukraine celebrates recent battlefield victories, its government faces a looming challenge on the financial front: how to pay the enormous cost of the war effort without triggering out-of-control price spikes for ordinary people or piling up debt that could hamper...

Japan OKs $216B extra budget to counter impact of inflation

Dec. 02, 2022 06:24 AM EST

TOKYO (AP) — Japan’s parliament approved a hefty 29 trillion yen ($216 billion) supplementary budget Friday aimed at countering the blow to household finances from rising food and utility costs and the weaker yen. It is the second batch of supplementary spending this year to...

How major US stock indexes fared Thursday 12/1/2022

Dec. 01, 2022 16:34 PM EST

Stocks ended mixed after an uneven day of trading and bond yields fell broadly after the government reported that a measure of inflation that’s closely watched by the Federal Reserve eased in October. The S&P 500 ended 0.1% lower Thursday. The benchmark index is coming off its...

El Salvador to repurchase more of its debt

Nov. 29, 2022 19:41 PM EST

SAN SALVADOR, El Salvador (AP) — El Salvador’s government announced Tuesday that it will make a second buyback of its sovereign debt bonds maturing in 2023 and 2025 as it tries to calm market concerns that it could default on its debt. The government set the maximum for the...

Editorial Roundup: Missouri

Nov. 29, 2022 07:17 AM EST

Kansas City Star. November 28, 2022. Editorial: Missouri’s Jay Ashcroft aims to ‘hold libraries accountable,’ opening door to book bans A new rule proposed by Missouri Secretary of State Jay Ashcroft could kick open the door for special interest groups to...

Greek economic growth seen lower in 2023 amid energy woes

Nov. 21, 2022 09:43 AM EST

ATHENS, Greece (AP) — Greece’s economy is projected to grow by 1.8% next year, according to the country’s 2023 budget, slightly lower than the figures predicted last month as higher energy costs and inflation take a toll. The final 2023 budget submitted to parliament on Monday...

Britain's vulnerable await PM's spending plans with anxiety

Nov. 15, 2022 02:44 AM EST

LONDON (AP) — Thirugnanam Sureshan maneuvers his wheelchair into the tiny kitchen of his one-bedroom apartment, flips the switch on an electric kettle and brews a mug of instant coffee. It’s his second hot drink of the day, and it will be his last. The humble countertop kettle...

Kenya to spend $37 million on sending forces to Congo

Nov. 10, 2022 05:32 AM EST

NAIROBI, Kenya (AP) — Kenya’s parliament has approved the deployment of nearly 1,000 troops for a new regional force in eastern Congo amid questions about the $37 million cost for the first six months of the mission. A parliament committee report says the money will be spent on...

EU proposes more forgiving debt plans a decade after crisis

Nov. 09, 2022 10:25 AM EST

BRUSSELS (AP) — The European Union is considering more lenient economic recovery proposals that veer away from the grinding, top-down austerity rules that hit Greece and several other countries during the debt crises a decade ago and helped push millions into poverty, homelessness and...