Latest Government securities 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...

Inflation, Fed action set stage for higher mortgage rates

Oct. 21, 2021 11:33 AM EDT

LOS ANGELES (AP) — Mortgage rates have hovered near all-time lows for much of this year, even as inflation has increased sharply across much of the economy. That could begin to change in the weeks to come, now that the Federal Reserve has signaled it could announce as...

German central bank chief to step down after 10 years

Oct. 20, 2021 08:29 AM EDT

BERLIN (AP) — The head of Germany's central bank announced Wednesday that he will step down after a decade at the helm, removing a key hawkish voice from the European Central Bank’s governing council. A statement from the Bundesbank said Jens Weidmann will leave...

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...