Latest Debt and bond markets News

Powell urges Congress to tackle growing budget deficit

Nov. 14, 2019 3:23 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell on Thursday urged Congress to tackle the growing budget deficit but also underscored the current health of the nation’s economy. Powell’s testimony before the House Budget Committee came a day after he told Congress’ Joint...

Navajo company confident about Wyoming, Montana coal bonding

Nov. 13, 2019 7:14 PM EST

CHEYENNE, Wyo. (AP) — Navajo tribal energy company officials expressed confidence Wednesday they will be able to secure necessary bonding for recently purchased coal mines in Wyoming and Montana without financial backing from the Navajo Nation. The Navajo Transitional Energy Co. has adequate potential...

US budget deficit surges to $134.5 billion in October

Nov. 13, 2019 5:10 PM EST

WASHINGTON (AP) — The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record. The Treasury Department said Wednesday that the deficit last month totaled...

Sanford suspends GOP presidential primary challenge to Trump

Nov. 12, 2019 3:12 PM EST

CONCORD, N.H. (AP) — Mark Sanford dropped his challenge to President Donald Trump for the Republican presidential nomination on Tuesday, saying the focus on impeachment has made it difficult for his campaign to gain traction. "You've got to be a realist," Sanford said outside the New Hampshire statehouse....

Tick tock, in hock: National debt clock looms over Atlanta

Nov. 7, 2019 1:34 PM EST

ATLANTA (AP) — A nonpartisan organization has placed a national debt clock in downtown Atlanta, right on time for a Democratic presidential debate coming to the city in two weeks. The Atlanta Journal-Constitution reports New York-based Peter G. Peterson Foundation placed the billboard on Ted Turner Drive...

Credit outlook improves for Maine's largest airport

Nov. 3, 2019 3:25 PM EST

PORTLAND, Maine (AP) — The credit rating of Maine's largest airport is going up a notch. The Portland International Jetport says S&P Global Ratings has improved the credit rating on Jetport Revenue Bonds from BBB+ to A-. Both scores indicate investment grade bonds, but A- is one step closer to...

Moody's wants New York to raise tolls on Thruway

Nov. 2, 2019 9:02 AM EDT

ALBANY, N.Y. (AP) — A credit ratings agency says the lack of a plan for toll increases on the New York State Thruway and on the new Gov. Mario M. Cuomo Bridge in the Hudson Valley could endanger the road's bond rating and borrowing costs. The Rochester Democrat and Chronicle reports that Moody's Investors...

Scaled-down utility finance measure heads to NC governor

Oct. 30, 2019 6:58 PM EDT

RALEIGH, N.C. (AP) — The General Assembly has finalized legislation that would let utilities like Duke Energy issue bonds to pay for storm recovery costs in North Carolina. But an idea the company also lobbied for so it could seek multiyear rates from regulators ultimately got left out. The Senate voted...

Paralyzed by protests, Lebanon's fiscal crisis worsens

Oct. 30, 2019 3:11 PM EDT

BEIRUT (AP) — Lebanese banks have been closed for the last two weeks as the government grapples with mass demonstrations that have paralyzed the country, but an even greater crisis may set in when they reopen Friday. There are concerns the government may not have enough foreign reserves to defend its...

US deficit hits nearly $1 trillion. When will it matter?

Oct. 25, 2019 7:08 PM EDT

WASHINGTON (AP) — The Trump administration reported a river of red ink Friday. The federal deficit for the 2019 budget year surged 26% from 2018 to $984.4 billion — its highest point in seven years. The gap is widely expected to top $1 trillion in the current budget year and likely remain there for...