Government debt

January 16, 2020 - 5:29 pm
WASHINGTON (AP) — The U.S. Treasury, faced with financing budget deficits topping $1 trillion annually, is introducing a new 20-year bond. The new 20-year bond was chosen after officials considered proposals for a 50-year or 100-year bond, Treasury said in a statement Thursday. It said the new 20-...
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FILE - In this March 26, 2014 file photo, BlackRock Chairman and CEO Laurence Fink is interviewed by Maria Bartiromo on Fox Business Network's "Opening Bell with Maria Bartiromo," in New York. BlackRock, the world's largest asset manager, is making climate change central to its investment decisions going forward. Fink, who oversees the management of about $7 trillion in funds, said in his influential annual letter to CEOs Tuesday, Jan. 14, 2020, that he believes we are “on the edge of a fundamental reshaping of finance” because of a warming planet. (AP Photo/Mark Lennihan, File)
January 14, 2020 - 9:10 am
NEW YORK (AP) — BlackRock, the world's largest asset manager, will make climate change central to its investment decisions. Founder and CEO Laurence Fink, who oversees the management of about $7 trillion in funds, said in his influential annual letter to CEOs Tuesday that he believes we are “on the...
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December 17, 2019 - 10:15 am
HARRISBURG, Pa. (AP) — Thirteen large financial firms are agreeing to pay $337 million to settle claims by Pennsylvania's treasury department and about a dozen other government agencies and pension funds accusing them of inflating the price of bonds issued by Fannie Mae and Freddie Mac over seven...
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FILE - In this Dec. 2, 2019, file photo, Nissan Chief Executive Makoto Uchida speaks during a press conference at the automaker's headquarters in Yokohama, near Tokyo. Japanese securities regulators are recommending that automaker Nissan be fined 2.4 billion yen ($22 million) for the under-reporting of compensation of its former chairman, Carlos Ghosn. The Securities and Exchange Surveillance Commission said Tuesday, Dec. 10, 2019, it made the recommendation to the government's Financial Services Agency. (AP Photo/Eugene Hoshiko, File)
KNSS News
December 10, 2019 - 6:26 am
TOKYO (AP) — Japanese securities regulators are recommending that automaker Nissan be fined 2.4 billion yen ($22 million) for under-reporting compensation for its former chairman, Carlos Ghosn. The watchdog, the Securities and Exchange Surveillance Commission, said Tuesday it made the...
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Republican presidential candidate former South Carolina Gov. Mark Sanford holds a large check representing the national debt as he holds a news conference in front of the Statehouse, Tuesday, Nov. 12, 2019, in Concord, N.H. Sanford announced he is ending his longshot 2020 presidential bid. Sanford centered his Republican primary challenge to President Donald Trump on warnings about the national debt. But he struggled to gain traction since announcing his run in September. (AP Photo/Elise Amendola)
November 12, 2019 - 12:03 pm
CONCORD, N.H. (AP) — Mark Sanford dropped his challenge to President Donald Trump for the Republican presidential nomination on Tuesday, saying the focus on impeachment has made it impossible for his campaign to gain traction. "You've got to be a realist," Sanford said outside the New Hampshire...
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This Sept. 18, 2019, photo shows the view of the U.S. Capitol building from the Washington Monument in Washington. The federal deficit for the 2019 budget year is expected to have soared to near $1 trillion, up more than $200 billion from last year and the largest such gap in seven years. (AP Photo/Patrick Semansky)
October 25, 2019 - 6:07 pm
WASHINGTON (AP) — The Trump administration reported a river of red ink Friday. The federal deficit for the 2019 budget year surged 26% from 2018 to $984.4 billion — its highest point in seven years. The gap is widely expected to top $1 trillion in the current budget year and likely remain there for...
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The sky is orange over the European central Bank in Frankfurt, Germany, before sunrise on Tuesday, Oct. 22, 2019. (AP Photo/Michael Probst)
October 24, 2019 - 6:57 am
FRANKFURT, Germany (AP) — European Central Bank chief Mario Draghi, whose vow to do "whatever it takes" is seen as a turning point in the eurozone's debt crisis, presided over his last policy meeting Thursday amid unusually strong internal opposition to the latest stimulus package that will be part...
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An attendant shows an automotive product to a driver in front of a display with new fuel prices at a gas station in Quito, Ecuador, Tuesday, Oct. 15, 2019. The recent strike that paralyzed the Andean nation for almost two weeks, has left a gaping hole in Ecuador’s economy, this after President Lenin Moreno called back his elimination of fuel subsidies which provoked the violent protests. (AP Photo/Dolores Ochoa)
October 15, 2019 - 5:13 pm
QUITO, Ecuador (AP) — Ecuadorian President Lenín Moreno has survived the toughest political crisis of his presidency by negotiating an end to indigenous anti-austerity protests. Now he faces an even tougher challenge. Ten years of populist rule and a drop in oil prices have left Ecuador with a $64...
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Volunteers help to clean up streets in the aftermath of violent protests against the government, in Quito, Ecuador, Monday, Oct. 14, 2019. Ecuador celebrated a deal President Lenín Moreno and indigenous leaders struck late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead. (AP Photo/Fernando Vergara)
October 14, 2019 - 2:03 pm
QUITO, Ecuador (AP) — Thousands of indigenous demonstrators, student volunteers and local residents launched a massive cleanup Monday of a Quito park where anti-austerity protesters fought police for days, leaving piles of burning tires, trees and construction material. The cleanup began hours...
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Indigenous leaders attend negotiations with President Lenin Moreno in Quito, Ecuador, Sunday, Oct. 13, 2019. The government and indigenous protesters started negotiations aimed at defusing more than a week of demonstrations that have paralyzed the nation's economy. (AP Photo/Fernando Vergara)
October 13, 2019 - 10:14 pm
QUITO, Ecuador (AP) — President Lenín Moreno and leaders of Ecuador's indigenous peoples struck a deal late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead. Under the agreement announced just before 10 p.m.,...
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