Tag: Government debt

Yellen outlines to Congress emergency measures on debt limit

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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

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WASHINGTON — Senate Democrats accused Republicans on Wednesday of a “shameless, cynical” ploy that would damage the economy and the government's credit rating after...

As stock prices peak, markets begin to fear looming threats

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NEW YORK — With the U.S. economy humming, corporate profits flowing and stock prices peaking, investors on Wall Street are beginning to pose an...

Acclaim, fundraising spread unevenly among Black colleges

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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...

US average mortgage rates continue to fall; 30-year at 2.90%

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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

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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

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The Congressional Budget Office says that the federal budget deficit will again hit $3 trillion this year, $745 billion more than its estimate five...

Can pandemic recovery plan end Italy’s years of stagnation?

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MILAN — The COVID-19 pandemic hit Italy especially hard, killing more than 127,000 people and sending the European Union's third-largest economy into a devastating...

Yellen: Failure to raise debt limit would be ‘catastrophic’

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WASHINGTON — Treasury Secretary Janet Yellen told a congressional panel Wednesday that failing to raise the federal debt ceiling would have “catastrophic consequences” that...

Greece taps markets for 4th time in 2021, raises 2.5bn euros

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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...