Government debt

FILE - In this June 23, 2020, file photo, President Donald Trump tours a section of the border wall in San Luis, Ariz. During his 2016 primary run, Trump sought to mark his ground as a hard-line immigration enforcer who would build “a great, great wall on our southern border.” Nearly four years later, Trump still has work to do completing his wall and much that has been completed has been paid by U.S. taxpayers despite promises otherwise. (AP Photo/Evan Vucci, File)
October 24, 2020 - 8:41 am
WASHINGTON (AP) — President Donald Trump swept into office nearly four years ago as an outsider who promised to get things done quickly on behalf of the American people through sheer force of will and unrivaled knowledge about the art of the deal. He has checked off some items on his to-do list...
Read More
The TIPCO tower stands in Bangkok, Thailand, Wednesday, Sept. 2, 2020. One of Asia's biggest asphalt companies, Tipco Asphalt, is helping Venezuela skirt harsh U.S. sanctions by moving hundreds of millions of dollars on behalf of the state-run oil company PDVSA, according to an Associated Press investigation. (AP Photo/Gemunu Amarasinghe)
October 08, 2020 - 8:31 am
MIAMI (AP) — Back in January, a yearlong campaign of U.S. sanctions was taking its toll at Venezuela’s state-run oil company. Many of PDVSA’s overseas bank accounts had been frozen or closed, hampering its ability to pay vendors on whom it relies to keep the nation’s crude flowing. So, as the bills...
Read More
German Finance Minister Olaf Scholz, right, delivers a speech during a budget debate as part of a meeting of the German federal parliament, Bundestag, at the Reichstag building in Berlin, Germany, Tuesday, Sept. 29, 2020. At left is German Chancellor Angela Merkel. (AP Photo/Michael Sohn)
September 29, 2020 - 5:58 am
BERLIN (AP) — Germany's debt load won't reach the level it did in the financial crisis a decade ago as a result of the coronavirus pandemic, the finance minister said Tuesday, and it will still look better than that of Germany's peers in the Group of Seven did before the virus outbreak. Olaf Scholz...
Read More
FILE -In this June 16, 2020 file photo, a sign for a Wall Street building is shown in New York. Stocks are opening mostly lower on Wall Street Thursday, Aug. 13, a day after the S&P 500 closed just below its pre-pandemic record high. (AP Photo/Mark Lennihan, File)
August 13, 2020 - 5:09 pm
NEW YORK (AP) — Another afternoon fade for stocks left Wall Street just shy of a record on Thursday, after the S&P 500 briefly crossed above its all-time closing high for the second straight day. The S&P 500 dipped 6.92 points, or 0.2%, to 3,373.43. At one point during the day, it climbed...
Read More
File-This Thursday, June 6, 2019, photo shows the U.S. Treasury Department building at dusk, in Washington. The Treasury Department is projecting government borrowing of $947 billion in the current July-September period, which would be a record for the quarter but down from the all-time high of $2.75 trillion in this year's second quarter. Treasury officials announced Monday, Aug. 3, 2020, that the government also plans to borrow $1.22 trillion in the October-December period. (AP Photo/Patrick Semansky, File)
August 03, 2020 - 3:49 pm
WASHINGTON (AP) — The Treasury Department is projecting government borrowing of $947 billion in the current July-September period, which would be a record for the quarter but down from the all-time high of $2.75 trillion in this year's second quarter. Treasury officials also announced Monday that...
Read More
FILE - In this April 16, 2020, file photo, a customer puts gold bars on basket for sell to a gold shop in Bangkok, Thailand. The price of gold surged more than $30 on Monday, July 27, 2020 to over $1,926 per ounce as investors step up buying of the precious metal often sought in times of uncertainty. Gold was trading at $1,926.20 by early afternoon in Asia, up 1.5%, after surging over the weekend. (AP Photo/Sakchai Lalit, File)
July 27, 2020 - 5:16 pm
Wall Street is in the throes of a gold rush, as investors drive the price of the precious metal to new heights. Gold has been the best investment of the year so far. The price of the precious metal has climbed nearly 27% this year, more than triple the return of the largest U.S. bond funds and...
Read More
FILE - In this May 14, 2015 file photo, construction workers chat in front of a billboard for state investment fund 1 Malaysia Development Berhad (1MDB) at the fund's flagship Tun Razak Exchange development in Kuala Lumpur, Malaysia. Goldman Sachs reaches $3.9 billion settlement with Malaysia over scandal-plagued 1MDB sovereign wealth fund. (AP Photo/Joshua Paul, File)
July 24, 2020 - 9:05 am
KUALA LUMPUR, Malaysia (AP) — Malaysia’s government said Friday it has reached a $3.9 billion settlement with Goldman Sachs in exchange for dropping criminal charges against the bank over bond sales that raised money for the 1MDB sovereign wealth fund, which was looted of billions of dollars in a...
Read More
German Chancellor Angela Merkel, left, and French President Emmanuel Macron walk onto the podium prior to a media conference at the end of an EU summit in Brussels, Tuesday, July 21, 2020. Weary European Union leaders finally clinched an unprecedented budget and coronavirus recovery fund early Tuesday, finding unity after four days and as many nights of fighting and wrangling over money and power in one of their longest summits ever. (John Thys, Pool Photo via AP)
July 21, 2020 - 11:00 am
FRANKFURT, Germany (AP) — European leaders took a historic step towards sharing financial burdens among the EU's 27 countries by agreeing to borrow and spend together to pull the economy out of the deep recession caused by the virus outbreak. Pushed by Germany's Angela Merkel and France's Emmanuel...
Read More
FILE This April 16, 2020 photo shows a real estate company sign marking a home for sale in Harmony, Pa. U.S. homeowners are seizing on historically low mortgage rates to refinance their mortgages. Refinancing is outpacing home purchase loans as job losses and economic uncertainty put off would-be buyers. (AP Photo/Keith Srakocic)
July 16, 2020 - 4:26 pm
LOS ANGELES (AP) — With the 30-year mortgage rate falling this week below 3% for the first time in a half-century, more U.S. homeowners are likely to seize the chance to refinance their home loans. Americans refinanced nearly 2 million home loans from January through April, more than double the...
Read More
Builders work on ascaffolding in London, Wednesday, June 17, 2020. After the easing of lockdown during the COVID-19 pandemic, most construction companies have restarted their business but official figures show that the British economy shrank by a colossal 20.4% in April, the first full month that the country was in its lockdown. (AP Photo/Frank Augstein)
June 18, 2020 - 9:38 am
LONDON (AP) — The Bank of England unveiled another big stimulus for the U.K. economy as it tries to limit the scale of the coronavirus recession, which it now thinks will be less severe than it thought it would be last month. In a statement Thursday, the bank’s policy making panel said it was...
Read More

Pages