Latest Government securities News

Colorado debates bonding for closing, cleaning orphan wells

Nov. 25, 2021 10:16 AM EST

DENVER (AP) — Proposed reforms meant to ensure taxpayers don’t get stuck paying to clean up oil and gas sites could actually leave the public open to eventually covering billions of dollars in costs, environmentalists and local governments contend. The Colorado Oil...

Japan Cabinet OKs record stimulus package to fix economy

Nov. 19, 2021 08:15 AM EST

TOKYO (AP) — Japan's Cabinet approved on Friday a record 56 trillion yen ($490 billion) stimulus package, including cash handouts and aid to ailing businesses, to help the economy out of the doldrums worsened by the coronavirus pandemic. “The package has more than...

Gun discharges during cleaning in Indianapolis state office

Nov. 18, 2021 09:57 AM EST

INDIANAPOLIS (AP) — A gun accidentally discharged as an officer was cleaning the weapon inside Indiana's state government complex in downtown Indianapolis, but no one was injured, authorities said. A law enforcement officer assigned to the Indiana secretary of state’s...

Editorial Roundup: Alabama

Nov. 17, 2021 13:16 PM EST

Decatur Daily. November 14, 2021. Editorial: Local government cooperation pays off The Issue It took a decade, but the announcement that Cerrowire will be the first tenant in Morgan Center Business Park is a reminder that good...

The stock market is happy; the bond market is showing worry

Nov. 11, 2021 09:11 AM EST

NEW YORK (AP) — Things look great across most financial markets, with everything from stocks to Bitcoin near record highs. That’s not the case in the market often seen as the most steady and sober of them all: government bonds. In the bond market, yield can be thought...

US average long-term mortgage rates fall; 30-year at 2.98%

Nov. 10, 2021 14:10 PM EST

WASHINGTON (AP) — Average long-term mortgage rates in the U.S. fell this week, as the key 30-year rate again retreated below the 3% mark. Mortgage buyer Freddie Mac reported Wednesday that the average rate on the benchmark home loan declined to 2.98% from 3.09% last...

Puerto Ricans fearful of plan to restructure public debt

Nov. 09, 2021 16:22 PM EST

SAN JUAN, Puerto Rico (AP) — Puerto Rican citizens got a chance Tuesday to express their fears about a massive debt overhaul plan before a judge with the power to decide Puerto Rico’s economic future. After months of wrangling by attorneys, economists and bondholders,...

Text of the Federal Reserve's statement after its meeting

Nov. 03, 2021 14:21 PM EDT

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price...

Treasury to trim debt auctions that accelerated in pandemic

Nov. 03, 2021 09:44 AM EDT

WASHINGTON (AP) — The U.S. Treasury Department plans to start scaling back the size of some of its government debt auctions, a sign that the government's huge pandemic-driven borrowing needs are starting to ease. The government began selling debt at accelerated levels...

Editorial Roundup: Iowa

Nov. 01, 2021 10:04 AM EDT

De Moines Register. Oct. 30, 2021. Editorial: Confronted by state inaction, voters can help Polk County invest in conservation and recreation Polk County’s plan to build on a successful borrowing program for conservation and recreation would...