Latest Debt and bond markets News

US budget deficit hits $2.77 trillion in 2021, 2nd highest

Oct. 22, 2021 15:41 PM EDT

WASHINGTON (AP) — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020. The deficits in both years reflect trillions of dollars in government spending to counteract the devastating...

Fed imposes sweeping new limits on policymakers' investments

Oct. 21, 2021 17:03 PM EDT

WASHINGTON (AP) — The Federal Reserve is imposing a broad new set of restrictions on the investments its officials can own, a response to questionable recent trades that forced two top Fed officials to resign. The Fed announced Thursday that its policymakers and senior...

How major US stock indexes fared Tuesday

Oct. 19, 2021 16:48 PM EDT

Stocks closed higher on Wall Street Tuesday, giving the S&P 500 its fifth straight gain and getting it closer to the record high it set in early September. The Dow Jones Industrial Average and the Nasdaq also closed higher. Health care companies made some of the...

Maryland Treasurer Nancy Kopp stepping down

Oct. 18, 2021 17:36 PM EDT

ANNAPOLIS, Md. (AP) — Maryland Treasurer Nancy Kopp announced Monday she will step down by the end of the year. Kopp, a Democrat, has been treasurer since 2002. She has been re-elected by the General Assembly to five four-year terms. The treasurer...

Crunch time: Biden faces critical next 2 weeks for agenda

Oct. 18, 2021 13:59 PM EDT

WASHINGTON (AP) — President Joe Biden is entering a crucial two weeks for his ambitious agenda, racing to conclude contentious congressional negotiations ahead of both domestic deadlines and a chance to showcase his administration’s accomplishments on a global stage. ...

Biden signs debt limit hike, but December standoff looms

Oct. 14, 2021 20:08 PM EDT

WASHINGTON (AP) — President Joe Biden on Thursday signed into law a bill raising the nation's debt limit until early December, delaying the prospect of an unprecedented federal default that would cause economic disaster. The House passed the $480...

Fed officials: Bond purchases could end by middle of 2022

Oct. 13, 2021 16:15 PM EDT

WASHINGTON (AP) — Federal Reserve officials agreed at their last meeting that if the economy continued to improve, they could start reducing their monthly bond purchases as soon as next month and bring them to an end by the middle of 2022. The discussion was revealed...

Editorial Roundup: U.S.

Oct. 13, 2021 12:38 PM EDT

Excerpts from recent editorials in the United States and abroad: Oct. 8 The Los Angeles Times on the danger of turning the debt limit into political theater: Congratulations to Congress for avoiding economic catastrophe for...

House sends debt limit hike to Biden, staving off default

Oct. 13, 2021 07:01 AM EDT

WASHINGTON (AP) — The House has approved a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy. The $480...

House sends debt limit hike to Biden, staving off default

Oct. 12, 2021 19:28 PM EDT

WASHINGTON (AP) — Members of the House on Tuesday pushed through a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy. ...