Latest Government securities News

Biden tells GOP to 'get out of the way' on debt limit

Oct. 05, 2021 05:24 AM EDT

WASHINGTON (AP) — President Joe Biden urged Republican senators to “get out of the way” and let Democrats suspend the nation’s debt limit, hoping to keep the U.S. government from bumping dangerously close to a credit default as Senate Republican leader Mitch McConnell refuses to lend...

Biden tells GOP to 'get out of the way' on debt limit

Oct. 04, 2021 21:55 PM EDT

WASHINGTON (AP) — President Joe Biden on Monday urged Republican senators to “get out of the way” and let Democrats suspend the nation’s debt limit, hoping to keep the U.S. government from bumping dangerously close to a credit default as Senate Republican Leader Mitch McConnell...

Asian shares skid after S&P 500 logs 1st monthly drop of '21

Sep. 30, 2021 23:45 PM EDT

Asian markets tumbled Friday on the tail of Wall Street’s worst monthly loss since the beginning of the pandemic. Tokyo skidded 2% and Australia’s benchmark sank 2.3%. Markets in Shanghai and Hong Kong were closed for holidays. The S&P 500...

Asian shares mostly gain after mixed session on Wall Street

Sep. 29, 2021 23:12 PM EDT

Asian shares were mostly higher on Thursday after a mixed trading session on Wall Street. Tokyo’s Nikkei 225 index fell 0.4% after the release of disappointing factory and retail sales data. Shares also fell in Hong Kong but other regional benchmarks advanced. ...

Asian shares track broad slide on Wall St as inflation looms

Sep. 29, 2021 00:21 AM EDT

Asian shares fell sharply on Wednesday after a broad slide on Wall Street as investors reacted to a surge in U.S. government bond yields. Tokyo's Nikkei 225 sank 2.6% to 29,395.14 and the Kospi in Seoul dropped 2% to 3,036.86. The Shanghai Composite index shed 1.8% to...

How major US stock indexes fared Tuesday

Sep. 28, 2021 16:42 PM EDT

Technology companies led a broad slide in stocks on Wall Street Tuesday as investors reacted to a surge in U.S. government bond yields. The benchmark S&P 500 index had its worst drop since May, and the tech-heavy Nasdaq had its worst drop since March. The main action...

EXPLAINER: Why the debt limit is again roiling Washington

Sep. 23, 2021 00:32 AM EDT

WASHINGTON (AP) — The idea of the U.S. government breaching its “debt limit” sounds scary. But what, exactly, are lawmakers in Washington fighting about? The debt limit is a nearly century-old artificial cap that Congress placed on the U.S. government's ability to...

Asian shares, Wall Street hold gains after Fed statement

Sep. 22, 2021 21:54 PM EDT

Asian shares were mostly higher on Thursday after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year. Shares rose in Hong Kong, Shanghai, Australia and Taiwan but fell in South Korea and Malaysia. U.S....

Fed: On track to slow support for economy later this year

Sep. 22, 2021 18:26 PM EDT

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell signaled Wednesday that the Fed plans to announce as early as November that it will start withdrawing the extraordinary support it unleashed after the coronavirus paralyzed the economy 18 months ago. Powell said...

McConnell unmoved on debt limit, risking turmoil for Biden

Sep. 16, 2021 23:00 PM EDT

WASHINGTON (AP) — The Biden administration has been enlisting one emissary after another to convince Senate Republican leader Mitch McConnell to help raise the federal debt limit. It's not working. Despite the high-level conversations, including a...