Latest Sovereign debt News

Editorial Roundup: Pennsylvania

Jan. 12, 2022 16:27 PM EST

Philadelphia Inquirer. January 10, 2022. Editorial: To help Pennsylvanians, Biden must alleviate student loan debt Fourteen percent of people in our state carry student loan debt. Forgiving those debts could be a game changer for Pennsylvania residents. ...

Editorial Roundup: Missouri

Dec. 21, 2021 16:05 PM EST

___ Kansas City Star. December 20, 2021. Editorial: Mad at Manchin? Kansas’ and Missouri’s senators vote against the people all the time Democratic Sen. Joe Manchin is catching all the heat for refusing to support the Biden administration’s...

Editorial Roundup: Kansas

Dec. 21, 2021 15:48 PM EST

Topeka Capital-Journal. December 21, 2021. Editorial: Kris Kobach culpable for $1.9M in attorney fees over failed voting law, but others to blame as well Good news: Kansas is projected to have a budget surplus of $2.9 billion. Bad news: Kansas is on the...

Congress sends Biden $2.5T debt limit hike, avoiding default

Dec. 15, 2021 01:38 AM EST

WASHINGTON (AP) — Congress averted a catastrophic debt default early Wednesday morning after Democratic majorities in both chambers voted to send a $2.5 trillion increase in the nation's borrowing authority to President Joe Biden over lockstep Republican opposition. Capping a...

Congress sends Biden $2.5T debt limit hike, avoiding default

Dec. 15, 2021 00:37 AM EST

WASHINGTON (AP) — Congress averted a catastrophic debt default early Wednesday morning after Democratic majorities in both chambers voted to send a $2.5 trillion increase in the nation's borrowing authority to President Joe Biden over lockstep Republican opposition. Capping a...

Congressional leaders reach deal to hike debt limit

Dec. 08, 2021 07:44 AM EST

WASHINGTON (AP) — Congressional leaders reached an elaborate deal Tuesday that will allow Democrats to lift the nation’s debt limit without any votes from Republicans, likely averting another last-minute rush to avoid a federal default. Hours later, the House passed legislation overwhelmingly...

US budget deficit eases to $165B in October, down 42%

Nov. 10, 2021 14:51 PM EST

The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic. The Treasury Department reported Wednesday that the federal government posted...

Treasury says plans to borrow $1.02 trillion this quarter

Nov. 01, 2021 16:28 PM EDT

WASHINGTON (AP) — The Treasury Department said Monday it plans to borrow $1.02 trillion during the current quarter, the largest amount since the government began passing trillion-dollar rescue packages for the economy in the spring of 2020. Treasury said the borrowing...

Malaysia plans record budget to bolster economic recovery

Oct. 29, 2021 11:05 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysia's government on Friday proposed a record budget for 2022 to bolster an economic recovery following the coronavirus pandemic, with various industrial incentives and cash handouts for the poor and a one-time tax for high-income companies. ...