Government debt

Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, June 19, 2019. (AP Photo/Manuel Balce Ceneta)
June 19, 2019 - 1:55 pm
NEW YORK (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 2:55 p.m. Federal Reserve Chairman Jerome Powell says he would serve his full-term as head of the U.S. central bank even if President Donald Trump tries to demote him. Powell tells reporters at a...
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Senate Majority Leader Mitch McConnell, R-Ky., joined by his GOP leadership team, answers questions on Iran and the withdrawal of acting Defense Secretary Patrick Shanahan, during a news conference at the Capitol in Washington, Tuesday, June 18, 2019. (AP Photo/J. Scott Applewhite)
June 18, 2019 - 6:17 pm
WASHINGTON (AP) — The top Republican and Democrat on a key Senate panel have agreed on a $4.6 billion measure to house and care for immigrant refugees flocking across the U.S.-Mexico border — a long-delayed step toward averting a humanitarian tragedy at overcrowded and inadequate federal facilities...
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In this June 13, 2019 file photo, Speaker of the House Nancy Pelosi, D-Calif., speaks during a news conference on Capitol Hill in Washington. While Speaker Pelosi says Congress shouldn’t impeach for political reasons or not impeach for political reasons, political considerations overhang the decision making. (AP Photo/J. Scott Applewhite)
June 13, 2019 - 12:24 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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WWL AP Feed General
June 13, 2019 - 9:08 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 - 12:13 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 - 11:45 am
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 - 10:02 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 - 2:49 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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FILE - This Jan. 15, 2019 file photo shows treasurer of Pennsylvania Joe Torsella before Pennsylvania Gov. Tom Wolf takes the oath of office for his second term at the state Capitol in Harrisburg, Pa. Pennsylvania’s treasury department is accusing about a dozen large financial firms of working together to illegally inflate the price of bonds issued by Fannie Mae and Freddie Mac over seven years. A federal court filing by Torsella on Thursday, May 23, cites what his office says is evidence from a “cooperating co-conspirator” in a U.S. Department of Justice investigation into price-fixing in the secondary market for bonds issued by government-controlled companies. (AP Photo/Matt Rourke, File)
May 24, 2019 - 2:41 pm
HARRISBURG, Pa. (AP) — Pennsylvania's treasury department is accusing about a dozen large financial firms of working together to illegally inflate the price of bonds issued by Fannie Mae and Freddie Mac over seven years. A federal court filing by Pennsylvania Treasurer Joe Torsella cites what his...
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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 - 11:57 am
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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