Greece has downgraded its forecasts for the economy this year to include the impact of a second lockdown, and says the national debt is now expected to exceed 200% of annual output.
Greece's 10-year government bond yield fell below 1% Wednesday for the first time, bolstering the country's effort to ease strict budget conditions set by bailout lenders.
ATHENS, Greece (AP) — Greece says it plans to issue a 15-year bond, tapping international markets for financing after the country's sovereign credit rating was upgraded.
ATHENS, Greece (AP) — Greek lawmakers approved a series of one-off benefits Wednesday that the new center-right government is justifying in terms of the country's better than expected budget...
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 difficult for...
WASHINGTON (AP) — The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that...
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin told congressional leaders that the debt ceiling should be raised before lawmakers leave for their August recess to avert the potential of an...
BEIRUT (AP) — Dozens of Lebanese military and security veterans burned tires and shouted angrily outside government offices on Friday, their second protest in less than two weeks amid fears a...
BEIRUT (AP) — Prime Minister Saad Hariri warned Wednesday that Lebanon is heading toward an economic "catastrophe" unless the government implements strict austerity measures to reduce a ballooning...
WASHINGTON (AP) — The Treasury Department is taking the first steps to keep the government from exceeding the $22 trillion debt limit which goes back into effect on Saturday, setting off what will...
WASHINGTON (AP) — The government surpassed a dubious milestone this week: Its debt topped $22 trillion — that's trillion, with a "t'' — for the first time.
Piles of federal debt have been growing ever higher for years, fueled by accumulating annual deficits, which themselves have been driven by tax cuts, government spending increases and the mounting costs of Medicare and Social Security and interest on the debt itself.
WASHINGTON (AP) — The government surpassed a dubious milestone this week: Its debt topped $22 trillion — that's trillion, with a "t'' — for the first time.
Piles of federal debt have been growing ever higher for years, fueled by accumulating annual deficits, which themselves have been driven by tax cuts, government spending increases and the mounting costs of Medicare and Social Security and interest on the debt itself.
WASHINGTON (AP) — The national debt has passed a new milestone, topping $22 trillion for the first time.
The Treasury Department's daily statement showed Tuesday that total outstanding public debt stands at $22.01 trillion. It stood at $19.95 trillion when President Donald Trump took office on Jan. 20, 2017.
KUALA LUMPUR, Malaysia (AP) — Malaysian Prime Minister Mahathir Mohamad said Tuesday that proceeding with a multibillion-dollar China-backed rail link project would impoverish the country, saddling the government with excess debt for the next 30 years.
Since winning a historic vote last May, Mahathir's government has axed or reviewed large-scale infrastructure projects to rein in a surging national debt that it blames mostly on corruption in the previous government.
MADISON, Wis. (AP) — Outgoing House Speaker Paul Ryan on Thursday named immigration and the national debt as his two biggest regrets as he prepares to leave office after 20 years in Congress, saying he has no immediate plans to return to public office.
WASHINGTON (AP) — President Donald Trump is distorting the truth on U.S. economic growth and jobs, pointing to record-breaking figures that don't exist and not telling the full story on black unemployment.
WASHINGTON (AP) — President Donald Trump is pulling numbers out of thin air when it comes to the economy, jobs and the deficit.
BALTIMORE (AP) — President Donald Trump has elevated his tax cuts to an act of biblical proportions, misleadingly claiming at a White House speech Friday that they triggered an "economic miracle."
BALTIMORE (AP) — President Donald Trump has elevated his tax cuts to an act of biblical proportions, misleadingly claiming at a White House speech Friday that they triggered an "economic miracle."
ROME (AP) — The economist who tried to form an Italian government amid political gridlock said Friday he's "truly worried" that the costly measures on the new populist leaders' agenda will further swell Italy's national debt and trigger a negative reaction by the financial markets.
Carlo Cottarelli told reporters in Rome that a policy of increasing the public debt, as proposed by new Premier Giuseppe Conte, is "something that will leave Italy exposed to speculation" by the markets.
KUALA LUMPUR, Malaysia (AP) — Malaysia's new Prime Minister Mahathir Mohamad said Wednesday the government will set up a trust fund to let the public contribute to easing the country's huge national debt.
BOISE, Idaho (AP) — Republican candidates vying for Idaho's open 1st Congressional District on Sunday all promised to support President Donald Trump's agenda during their latest televised debate.
NEW YORK (AP) — Peter G. Peterson, a billionaire and business executive who became one of the most prominent voices to argue for entitlement reform and reducing the U.S. national debt, died of natural causes early Tuesday, his family said. He was 91.
Born in the small town of Kearney, Nebraska, to Greek immigrants, Peterson was CEO of two major U.S. companies and co-founded one of the world's largest private-equity firms.
NORTH HUNTINGDON, Pa. (AP) — In southwest Pennsylvania, Democratic congressional hopeful Conor Lamb hammers the new Republican tax law as a gift to corporations and the wealthy that will add to the national debt and give the GOP-led Congress an excuse to gut Social Security and Medicare.
WASHINGTON (AP) — The Treasury Department just gave Republicans ammunition that their tax cuts would pay for themselves.
But the one-page memo relies on a mathematical gimmick: It includes an assumption that tax cuts and other Trump administration policies would cause the economy to expand at a 2.9 percent annual pace over 10 years. Economic growth at that level would, in theory, be enough to keep the national debt from rising.
WASHINGTON (AP) — When did Republicans stop worrying and learn to love budget deficits?
Over the next decade, their tax plan would add at least $1 trillion to the national debt. That would be on top of an additional $10 trillion in deficits over the same period already being by forecast by the Congressional Budget Office. As a share of the economy, the national debt would be rising to levels last seen during the height of World War II.
LOUISVILLE, Ky. (AP) — Fresh off his biggest legislative victory of the Trump era, Senate Majority Leader Mitch McConnell on Saturday disputed projections that the Senate's tax bill would add to the nation's debt woes.
WASHINGTON (AP) — Senate Republicans have run into a problem with their proposed tax cuts: Under Senate rules, the cuts would expire after 10 years.
Problem is, most economists say temporary tax cuts would swell the national debt while doing little for economic growth. And without faster growth, few individuals would stand to benefit from the pay raises and job gains being promised by President Donald Trump and Republican congressional leaders.