Government debt

Speaker of the House Nancy Pelosi, D-Calif., reflects on President Donald Trump's statement that he would accept assistance from a foreign power, saying it's so against any sense of decency, during a news conference on Capitol Hill in Washington, Thursday, June 13, 2019. An avid sports fan, Pelosi is wearing the colors of the Golden State Warriors colors, a gold jacket with blue pants. (AP Photo/J. Scott Applewhite)
June 13, 2019 - 3:23 pm
WASHINGTON (AP) — Speaker Nancy Pelosi said Thursday that the Democratic-controlled House won't pass must-do legislation to increase the government's borrowing cap until the Trump administration agrees to boost spending limits on domestic programs. The California Democrat said she'll agree to...
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June 13, 2019 - 10:08 am
BRUSSELS (AP) — European Union finance ministers urged Italy Thursday to respect its pledges to bring its blown-out deficit back into line with EU rules amid threats of possible legal action against the country. "We need to reassure everyone — Italian citizens, firms, European investors — that the...
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European Commissioner for Economic and Financial Affairs Pierre Moscovici pauses before speaking during a media conference at EU headquarters in Brussels, Wednesday, June 12, 2019. The European Commission on Wednesday took stock of the progress made to deepen Europe's Economic and Monetary Union and calls on Member States to take further concrete steps. (AP Photo/Virginia Mayo)
June 12, 2019 - 1:13 pm
BRUSSELS (AP) — Europe's economy commissioner on Wednesday urged the Italian government to quickly provide any new information it might have to explain its high debt levels or face the prospect of imminent legal action. Pierre Moscovici told reporters that "we stand ready to take into account any...
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FILE - This April 13, 2019, file photo, shows rows of homes, in suburban Salt Lake City. On Thursday, June 6, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Rick Bowmer, File)
June 06, 2019 - 12:45 pm
WASHINGTON (AP) — U.S. long-term mortgage rates fell for the sixth consecutive week, with the key 30-year loan average running below 4% and at its lowest point since September 2017. The declining rates have been a boon to potential purchasers in the spring home buying season, and the number of...
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FILE- In this Aug. 24, 2015, file photo specialist Frank Masiello is reflected in his screen on the floor of the New York Stock Exchange. The bond market is getting another whiff of a recession Bonds are supposed to be the boring corner of the finance world, but even high-flying stock investors stop and pay attention when they fall into a particular, concerning pattern. It’s called an “inverted yield curve,” and it happens when investors are willing to accept lower yields for long-term U.S. government bonds than for short-term debt. It’s been a relatively reliable predictor for recessions, and it’s happening again.(AP Photo/Richard Drew, FIle)
May 30, 2019 - 11:02 am
NEW YORK (AP) — The scent of a possible recession is wafting through the bond market again. Bonds are supposed to be the boring corner of the finance world, but even high-flying stock investors stop and pay attention when they fall into a particular, concerning pattern. It's called an "inverted...
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Trader Jonathan Corpina works on the floor of the New York Stock Exchange, Wednesday, May 29, 2019. Stocks are getting off to a weak start on Wall Street led by drops in technology and health care companies. (AP Photo/Richard Drew)
May 29, 2019 - 3:49 pm
U.S. stocks sped toward their first monthly loss of 2019 Wednesday as investors shift money into the safety of bonds while fleeing high-risk holdings in the health care and technology sectors. All the major stock indexes fell in late-afternoon trading on Wall Street as the broad sell-off put the...
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European flags blow in front of the European Central Bank as the sun rises in Frankfurt, Germany, Sunday, May 26, 2019. (AP Photo/Michael Probst)
May 29, 2019 - 12:14 pm
FRANKFURT, Germany (AP) — The European Central Bank says that challenges to financial stability in the eurozone have risen amid global trade tensions, and warns that indebted countries such as Italy could run into trouble if they don't heed rules limiting deficits. The message in an ECB report...
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Treasury Secretary Steven Mnuchin leaves a meeting with top congressional leaders, including Speaker of the House Nancy Pelosi, D-Calif., and Senate Majority Leader Mitch McConnell, R-Ky., on a potential deal to raise the budget caps, at the Capitol in Washington, Tuesday, May 21, 2019. Mnuchin said they will be coming back for more talks later in the afternoon. (AP Photo/J. Scott Applewhite)
May 21, 2019 - 4:16 pm
WASHINGTON (AP) — Top leaders of both parties in Congress made better-than-expected progress Tuesday on two must-do items on the legislative agenda: averting automatic budget cuts and meeting a deadline later this year to increase the government's borrowing limit. Senate Majority Leader Mitch...
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Italian Interior Minister and Deputy-Premier, Matteo Salvini, attends a press conference at the foreign press association in Milan, Italy, Friday, May 17, 2019. (AP Photo/Antonio Calanni)
May 17, 2019 - 12:57 pm
MILAN (AP) — The leader of Italy's right-wing League party on Friday rejected the label "far-right" for an alliance of like-minded populist leaders that are aiming to join forces and weaken European Union bureaucracy after next week's elections across the bloc. Matteo Salvini will lead a rally...
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April 23, 2019 - 8:14 am
ATHENS, Greece (AP) — Greece's budget performance in 2018 was better than expected following some revenue-boosting measures by the government. According to the country's statistical agency, Greece recorded a primary budget surplus, which excludes the cost of servicing the country's vast public debt...
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