Latest Debt and bond markets News

Kansas lawmakers pass funding hike, school 'choice' proposal

May. 07, 2021 21:17 PM EDT

TOPEKA, Kan. (AP) — Kansas legislators on Friday easily approved a bipartisan measure boosting education spending to what was touted as full funding for public schools while also making more students eligible for private school scholarships. The Republican-controlled...

Greek bond sale declared a success with near-zero yield

May. 05, 2021 14:49 PM EDT

ATHENS, Greece (AP) — Greek raised 3 billion euros ($3.6 billion) in a 5-year bond auction Wednesday at a record-low, near-zero yield, authorities said. The country's Public Debt Management Agency said demand for the bond exceeded 20 billion euros ($24 billion) and the...

Treasury warns of need to deal with national debt limit

May. 05, 2021 09:56 AM EDT

WASHINGTON (AP) — The Treasury Department says it will employ measures to avoid an unprecedented default on the national debt this summer, but officials say those measures could be exhausted “much more quickly” than normal given the unusual circumstances of the global pandemic. ...

Editorial Roundup: Illinois

May. 04, 2021 15:10 PM EDT

Chicago Tribune. May 3, 2021. Editorial: Applause for merging, purging Illinois’ many layers of government Toss a rock in Illinois and you’re bound to hit a unit of government. Mosquito abatement districts, townships, drainage districts, joint...

McConnell says GOP open to $600 billion for infrastructure

May. 03, 2021 16:33 PM EDT

LOUISVILLE, Ky. (AP) — Senate Minority Leader Mitch McConnell, R-Ky., said Monday that Republicans are willing to spend up to $600 billion on infrastructure, far less than President Joe Biden is seeking, even as he ruled out supporting a higher corporate tax rate to pay for it. ...

Asian shares mostly lower; China, Japan closed for holidays

May. 02, 2021 23:46 PM EDT

Shares were mostly lower in Asia in thin trading Monday, with many markets including those in Tokyo and Shanghai closed for holidays. The declines follow a retreat Friday on Wall Street, where the S&P 500 gave up 0.7% but still closed out its best month so far this...

WSU proposes plan to achieve balance athletic budget by 2023

Apr. 30, 2021 15:06 PM EDT

PULLMAN, Wash. (AP) — Leaders of Washington State University on Friday released a plan to balance the Department of Athletics annual budget by 2023, keeping it on track to build its financial reserves and eventually retire long-term debt of more than $100 million. The school also reinforced...

Massachusetts Senate OKs $400M bill for new soldiers’ home

Apr. 29, 2021 20:24 PM EDT

BOSTON (AP) — The Massachusetts Senate voted Thursday to approve a $400 million bond bill to pay for a new facility to replace the existing Holyoke Soldiers’ Home, the site of one of the nation’s deadliest coronavirus outbreaks at a long-term care facility. The vote...

W.Va. working on $100 savings bonds for young vaccinated

Apr. 28, 2021 19:36 PM EDT

CHARLESTON, W.Va. (AP) — West Virginia officials are still working to hammer out details of how to send $100 savings bonds for residents age 16 to 35 who get a coronavirus shot. Republican Gov. Jim Justice said the incentive program to immunize young people will also...

Fed keeps key rate near zero, sees inflation as 'transitory'

Apr. 28, 2021 16:53 PM EDT

WASHINGTON (AP) — The U.S. economy is quickly strengthening, inflation is showing signs of picking up and the nation is making progress toward defeating the viral pandemic. But on Wednesday, Chair Jerome Powell made clear that the Federal Reserve isn't even close to...