Latest Government debt News

Office lights of the European Central Bank in Frankfurt, Germany, Wednesday, Jan. 13, 2021. (AP Photo/Michael Probst)

European Central Bank faces gloomier picture for economy

Jan. 21, 2021 4:07 AM EST

FRANKFURT, Germany (AP) — The European Central Bank is looking at a darkening picture for the economy as infections and deaths surge. With more than a trillion euros of pandemic stimulus still in the pipeline, President Christine Lagarde is expected to underline Thursday that the bank has the means keep...

Editorial Roundup: New York

Jan. 20, 2021 5:45 PM EST

Recent editorials of statewide and national interest from New York’s newspapers: Biden’s Stimulus Plan Will Bring Relief, but There’s One Flaw The New York Times Jan. 19 Joe Biden will take the oath of office as the 46th president of the United States on Wednesday in the center of a city...

President-elect Joe Biden and his wife Jill Biden arrive at Andrews Air Force Base, Tuesday, Jan. 19, 2021, in Andrews Air Force Base, Md. (AP Photo/Evan Vucci)

Biden charts new US direction, promises many Trump reversals

Jan. 20, 2021 12:34 AM EST

WASHINGTON (AP) — Stop. Stabilize. Then move — but in a vastly different direction. President-elect Joe Biden is pledging a new path for the nation after Donald Trump’s four years in office. That starts with confronting a pandemic that has killed 400,000 Americans and extends to sweeping...

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Friday, Jan. 15, 2021. Asian shares were mixed on Friday after a late slide in several Big Tech stocks left major indexes lower on Wall Street. (AP Photo/Lee Jin-man)

Asian shares mixed following Biden speech, Wall St retreat

Jan. 14, 2021 11:08 PM EST

Asian shares were mixed on Friday after a late slide in several Big Tech stocks left major indexes lower on Wall Street. U.S. futures were trading slightly lower after President-elect Joe Biden announced his plans to propose a $1.9 billion package to help along a recovery from the coronavirus pandemic. Biden...

A home for sale is seen Tuesday, Dec. 8, 2020, in Orlando, Fla.  U.S. long-term mortgage rates rose this week in an indication that the long period of record-low rates could soon be over. Home loan rates touched new record lows last week. Mortgage buyer Freddie Mac reports that the average rate on the benchmark 30-year fixed-rate home loan jumped to 2.79% this week from 2.65% last week.   (AP Photo/John Raoux)

US long-term mortgage rates rise; 30-year at 2.79%

Jan. 14, 2021 1:29 PM EST

WASHINGTON (AP) — U.S. long-term mortgage rates rose this week in an indication that the long period of record-low rates could soon be over. Home loan rates touched new record lows last week, as the year opened against the continuing backdrop of damage from the coronavirus pandemic on the U.S. and global...

FILE - A for sale sign stands in front of a house, Tuesday, Oct. 6, 2020, in Westwood, Mass.   The long period of ultra-low rates on home loans may be over. Long-term bond yields, which can influence interest rates on mortgages, have climbed this month amid expectations of ramped-up U.S. government stimulus spending, economic growth and higher inflation.  (AP Photo/Steven Senne, File)

Mortgage rates poised to rise as U.S. Treasury yields surge

Jan. 14, 2021 11:15 AM EST

LOS ANGELES (AP) — The long period of record-low rates on home loans could soon be over. Long-term bond yields, which can influence interest rates on mortgages and other consumer loans, are climbing this month amid expectations of higher U.S. government spending on pandemic relief and an economy recovery...

A currency trader passes by monitors showing the Korea Composite Stock Price Inde, and foreign exchange rate at the foreign exchange dealing room of a KB Kookmin Bank branch in Seoul, South Korea, Thursday, Jan. 14, 2021. Shares were mostly higher in Asia on Thursday after a lackluster day on Wall Street, where major indexes spent the day drifting up and down near their record highs. (AP Photo/Ahn Young-joon)

Asian shares mixed after lackluster day on Wall Street

Jan. 13, 2021 10:11 PM EST

Shares were mostly higher in Asia on Thursday after a lackluster day on Wall Street, where major indexes spent the day drifting up and down near their record highs. Benchmarks rose in Hong Kong, Tokyo and Sydney but fell in Shanghai. U.S. futures were trading slightly higher after the U.S. House of...

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, Jan. 12, 2021. Asian stocks advanced Tuesday as investors watched for details of U.S. President-elect Joe Biden's promised economic stimulus plan. (AP Photo/Vincent Yu)

Asian stocks gain as markets watch for Biden stimulus plan

Jan. 12, 2021 12:02 AM EST

BEIJING (AP) — Asian stocks advanced Tuesday as investors watched for details of President-elect Joe Biden's promised economic stimulus plan. Shanghai, Tokyo and Hong Kong were higher. Seoul declined while Sydney swung between gains and losses. Overnight, Wall Street declined following a string of...

Sudanese Prime Minister Abdullah Hamdok, right, welcomes US Treasury Secretary Steven Mnuchin to the Cabinet Building, in Khartoum, Sudan, Wednesday, Jan. 6, 2021. The U.S. and Sudan have agreed to settle the African country's debt to the World Bank. The move comes after Mnuchin arrived in Sudan, the first visit by a senior American official since President Donald trump removed Sudan from the list of state sponsors of terrorism. (AP Photo)

Sudan says it signs pact on normalizing ties with Israel

Jan. 6, 2021 11:40 AM EST

CAIRO (AP) — Sudan on Wednesday said it had signed an agreement with the United States that paves the way for the cash-strapped African nation to normalize relations with Israel and help clear some of its massive debt to the World Bank. Justice Minister Nasredeen Abdulbari signed the deal with visiting...

Pedro Pierluisi, gubernatorial candidate with the New Progressive Party (PNP), arrives at Vivo Beach Club to celebrate a slim lead of the pro-statehood party in the Puerto Rican general elections, in Carolina, Puerto Rico, Tuesday, Nov. 3, 2020. Pierluisi briefly served as governor following last year's massive protests that led to the resignation of former Gov. Ricardo Rosselló. (AP Photo/Carlos Giusti)

New governor sworn in as a wary Puerto Rico demands changes

Jan. 2, 2021 4:31 PM EST

SAN JUAN, Puerto Rico (AP) — Pedro Pierluisi vowed to achieve statehood for Puerto Rico and fight against poverty, corruption and COVID-19 after he was sworn in Saturday as the U.S. territory’s new governor. Pierluisi, a Democrat who previously served as Puerto Rico’s representative in...