Tag: Debt and bond markets
Yellen outlines to Congress emergency measures on debt limit
WASHINGTON — Treasury Secretary Janet Yellen told Congress on Friday that she will start taking emergency measures next week to keep the government from...
Dems hit McConnell, who says GOP won’t back debt limit boost
WASHINGTON — Senate Democrats accused Republicans on Wednesday of a “shameless, cynical” ploy that would damage the economy and the government's credit rating after...
Acclaim, fundraising spread unevenly among Black colleges
ATLANTA — Two recent high-profile faculty appointments could be a fundraising and enrollment bonanza for Howard University, one of the nation’s most prestigious Black...
Europe’s central bank intensifies focus on climate change
FRANKFORT, Germany — The European Central Bank has adopted a new approach to managing the economy that would allow the bank to tolerate transitory...
US average mortgage rates continue to fall; 30-year at 2.90%
WASHINGTON — Mortgage rates continued to fall this week, tracking a decline in yields on Treasury securities as the bond market continues to signal...
San Francisco Fed’s Daly: Healthy economy needs less support
WASHINGTON — With interest rates ultra-low even as the U.S. economy swiftly improves, Federal Reserve officials are divided over how quickly they should adjust...
CBO projects federal deficit will hit $3 trillion this year
The Congressional Budget Office says that the federal budget deficit will again hit $3 trillion this year, $745 billion more than its estimate five...
Yellen: Failure to raise debt limit would be ‘catastrophic’
WASHINGTON — Treasury Secretary Janet Yellen told a congressional panel Wednesday that failing to raise the federal debt ceiling would have “catastrophic consequences” that...
Pioneering investor dubbed ‘China’s First Shareholder’ dies
BEIJING — A former factory worker known as “China’s First Shareholder” after he amassed a fortune trading in the country’s infant financial markets starting...
Greece taps markets for 4th time in 2021, raises 2.5bn euros
ATHENS, Greece — Greece raised 2.5 billion euros ($3.1 billion) on Wednesday after reopening a 10-year bond auction, with demand reportedly more than 10...