Debt and bond markets

FILE- In this May 15, 2019, file photo Treasury Secretary Steve Mnuchin testifies about the budget during a Financial Services and General Government subcommittee hearing on Capitol Hill in Washington. In a letter Friday, July 12, to House and Senate leaders, Mnuchin told congressional leaders that Congress should raise the debt ceiling before leaving for its August recess. He says he could run out of maneuvering room to avoid an unprecedented default on the national debt before lawmakers return. (AP Photo/Jacquelyn Martin, File)
July 12, 2019 - 12:54 pm
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 unprecedented default on the national debt. In a letter to House and Senate leaders Friday, Mnuchin said...
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In this Wednesday, July 10, 2019 photo Los Angeles Police Department Chief Michel Moore pauses during an interview with The Associated Press in Los Angeles. Moore says homelessness is a public health and safety concern rather than a law enforcement issue that requires more mental health, sanitation and housing resources. (AP Photo/Damian Dovarganes)
July 11, 2019 - 8:17 pm
LOS ANGELES (AP) — Los Angeles Police Chief Michel Moore said he is working to eliminate thousands of homeless people's old warrants for minor offenses in the coming weeks as part of a solution to help get people off the streets. "This is a humanitarian crisis of our generation," Moore said...
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FILE - Presidential hopeful H. Ross Perot speaks at a rally in Austin, Texas, in this 1992 file photo. Perot, the Texas billionaire who twice ran for president, has died. He was 89. (AP Photo, File)
July 09, 2019 - 4:36 pm
DALLAS (AP) — H. Ross Perot rose from a childhood of Depression-era poverty to become a self-made billionaire who twice ran for president with a mixture of folksy sayings and simple solutions to America's problems. His 19% of the vote in 1992 stands among the best showings by an independent...
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Peter Tuchman, center, works with fellow traders on the floor of the New York Stock Exchange, Wednesday, June 19, 2019. Investors are in wait-and-see mode hours ahead of a widely anticipated Federal Reserve decision on interest rates. (AP Photo/Richard Drew)
June 20, 2019 - 12:43 am
BANGKOK (AP) — Asian shares were higher on Thursday, with the Shanghai benchmark up 2.6%, after the Federal Reserve reaffirmed that it's prepared to cut interest rates if needed to shield the U.S. economy from trade conflicts or other threats. The Thursday tracked modest gains on Wall Street. The...
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Senate Minority Leader Chuck Schumer, D-N.Y., talks to reporters at the Capitol in Washington, Tuesday, June 18, 2019. (AP Photo/J. Scott Applewhite)
June 19, 2019 - 6:45 pm
WASHINGTON (AP) — Trump administration bargainers offered a one-year budget freeze and said Democratic spending demands remained too high as talks with congressional leaders aimed at averting deep cuts in defense and domestic programs this autumn seemed no closer to resolution. Firing back,...
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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
NEW YORK (AP) — U.S. stocks sped toward their first monthly loss of 2019 as investors continued shifting money into the safety of bonds while fleeing high-risk holdings in the technology and industrial sectors. Every major index and sector fell in midday trading on Wall Street Wednesday, putting...
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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 - 3:41 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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FILE - This Jan. 14, 2019, photo, shows a sign outside a home that has been sold, in Mount Lebanon, Pa. On Thursday, May 9, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Gene J. Puskar, File)
May 09, 2019 - 12:20 pm
WASHINGTON (AP) — U.S. long-term mortgage rates declined this week for a second straight week, reversing the upward trend in April as a lure to potential home buyers. Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage fell to 4.10% from 4.14% last week. By...
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In this Sept. 8, 2017, photo, visitors view a scale model of the ECRL (East Coast Rail Link) during the launching of the train project in Kuantan, east coast of peninsula Malaysia. Malaysia’s government says it has decided to resume a China-backed rail link project after the Chinese contractor agreed to cut construction cost by one-third. (AP Photo)
April 12, 2019 - 5:15 am
KUALA LUMPUR, Malaysia (AP) — Malaysia's government said Friday it has decided to resume a China-backed rail link project, after the Chinese contractor agreed to cut the construction cost by one-third. The deal follows months of vacillating over the East Coast Rail Link, which connects Malaysia's...
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European Union Finance ministers prepare for a session at the informal meeting of European Union Economic Financial Affairs in Bucharest, Romania, Friday, April 5, 2019. (AP Photo/Vadim Ghirda)
April 05, 2019 - 8:34 am
ATHENS, Greece (AP) — Greece's bailout creditors on Friday backed a payout worth more than $1 billion as part of a debt-relief package that is contingent on the government enacting a series of reforms. Mario Centeno, who heads the grouping of the eurozone's 19 finance ministers, told reporters...
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