Latest Government debt News

Biden gets CEO support for economic agenda

Jan. 26, 2022 15:51 PM EST

WASHINGTON (AP) — President Joe Biden on Wednesday secured the blessing of several business leaders on his economic agenda that has stalled in the Senate, part of an effort to restart some momentum for the nearly $2 trillion in spending and tax increases that he's proposed. Biden...

How Fed hikes could affect mortgages, car loans, card rates

Jan. 26, 2022 15:20 PM EST

WASHINGTON (AP) — Will mortgage rates go up? How about car loans? Credit cards? How about those nearly invisible rates on bank CDs — any chance of getting a few dollars more? With the Federal Reserve signaling Wednesday that it will begin raising its benchmark...

Editorial Roundup: Missouri

Jan. 25, 2022 15:43 PM EST

Jefferson City News Tribune. January 22, 2022. Editorial: Massive spending proposal would help state, but at what cost? Christmas may be over, but Missouri Gov. Mike Parson had the enviable role of playing Santa Claus this past week. Like the Jolly Old...

Judge signs plan, resolves Puerto Rico bankruptcy battle

Jan. 18, 2022 20:43 PM EST

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s nearly five-year bankruptcy battle is ending after a federal judge on Tuesday signed a plan that slashes the U.S. territory’s public debt load as part of a restructuring and allows the government to start repaying creditors. ...

Puerto Rico bankruptcy battle resolved after judge slashes island's public debt load as part of restructuring

Jan. 18, 2022 15:44 PM EST
SAN JUAN, Puerto Rico (AP) — Puerto Rico bankruptcy battle resolved after judge slashes island's public debt load as part of restructuring.

Sri Lanka's leader vows rights reforms as debt crisis looms

Jan. 18, 2022 09:19 AM EST

COLOMBO, Sri Lanka (AP) — Sri Lanka’s leader on Tuesday promised human rights reforms and justice for people missing from the country's civil war, after years of resisting calls for such measures. President Gotabaya Rajapaksa was speaking before a new session of Parliament as the...

Editorial Roundup: Pennsylvania

Jan. 12, 2022 16:27 PM EST

Philadelphia Inquirer. January 10, 2022. Editorial: To help Pennsylvanians, Biden must alleviate student loan debt Fourteen percent of people in our state carry student loan debt. Forgiving those debts could be a game changer for Pennsylvania residents. ...

Editorial Roundup: Missouri

Dec. 21, 2021 16:05 PM EST

___ Kansas City Star. December 20, 2021. Editorial: Mad at Manchin? Kansas’ and Missouri’s senators vote against the people all the time Democratic Sen. Joe Manchin is catching all the heat for refusing to support the Biden administration’s...

Editorial Roundup: Kansas

Dec. 21, 2021 15:48 PM EST

Topeka Capital-Journal. December 21, 2021. Editorial: Kris Kobach culpable for $1.9M in attorney fees over failed voting law, but others to blame as well Good news: Kansas is projected to have a budget surplus of $2.9 billion. Bad news: Kansas is on the...

Congress sends Biden $2.5T debt limit hike, avoiding default

Dec. 15, 2021 01:38 AM EST

WASHINGTON (AP) — Congress averted a catastrophic debt default early Wednesday morning after Democratic majorities in both chambers voted to send a $2.5 trillion increase in the nation's borrowing authority to President Joe Biden over lockstep Republican opposition. Capping a...