Debt and bond markets

December 12, 2017 - 2:00 pm
WASHINGTON (AP) — The federal government collected a record amount of tax income for the month of November and also had a record level of spending for the month, producing a budget deficit of $138.5 billion, up slightly from a year ago. The Treasury Department says the November deficit was 1.4...
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FILE- In this Nov. 30, 2017, file photo, with reporters looking for updates, Sen. Susan Collins, R-Maine, and other senators rush to the chamber to vote on amendments as the Republican leadership works to craft their sweeping tax bill in Washington. Collins said she is confident President Donald Trump and Senate Majority Leader Mitch McConnell will ensure passage of two bills aimed at shoring up the insurance markets, a demand she made before supporting the Republican tax overhaul. (AP Photo/J. Scott Applewhite, File)
December 11, 2017 - 2:00 pm
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...
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An anti Brexit demonstrator waves EU and British flags in Westminster in London, Friday, Dec. 8, 2017. British Prime Minister Theresa May, met with European Commission President Jean-Claude Juncker early Friday morning following crucial overnight talks on the issue of the Irish border. (AP Photo/Kirsty Wigglesworth)
December 08, 2017 - 1:00 pm
BRUSSELS (AP) — The Latest on the Brexit talks (all times local): 5:30 p.m. The leader of Britain's Labour Party wants Prime Minister Theresa May to provide more "clarity" about an alleged breakthrough deal in Brexit negotiations with the European Union. Jeremy Corbyn reiterated Friday that his...
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December 05, 2017 - 6:00 pm
PORTLAND, Ore. (AP) — Municipal governments worry the tax overhaul in Washington, D.C. could chill the construction of affordable housing as homelessness reaches a crisis point on the West Coast. Officials with the housing authority in Portland, Oregon, said Tuesday that the U.S. could lose nearly...
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Senate Majority Leader Mitch McConnell, R-Ky., answers a reporters question during a news conference Saturday, Dec. 2, 2017, in Louisville, Ky. The Senate passed the tax bill early Saturday morning with a 51-49 vote. (AP Photo/Timothy D. Easley)
December 02, 2017 - 6:34 pm
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. Back home in Kentucky just hours after the Senate narrowly pushed through the...
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From left, Senate Majority Leader Mitch McConnell, R-Ky., Senate Finance Committee Chairman Orrin Hatch, R-Utah, and Treasury Secretary Steven Mnuchin, make statements to reporters as work gets underway on the Senate's version of the GOP tax reform bill, on Capitol Hill in Washington, Thursday, Nov. 9, 2017. (AP Photo/J. Scott Applewhite)
November 09, 2017 - 10:07 pm
WASHINGTON (AP) — Senate Republicans revealed the details of their sweeping tax legislation Thursday, including a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party. Their bill would leave the prized mortgage interest...
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Members of the tax-writing House Ways and Means Committee work to shape the GOP's far-reaching tax overhaul, on Capitol Hill in Washington, Monday, Nov. 6, 2017. (AP Photo/J. Scott Applewhite)
November 07, 2017 - 3:42 pm
WASHINGTON (AP) — The Latest on Republican tax overhaul legislation (all times local): 3:35 p.m. An influential conservative congressman predicts "there's no way" the House tax bill will include a repeal of a mandate in President Barack Obama's health care law that individuals buy health insurance...
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House Speaker Paul Ryan, R-Wis., walks through Statuary Hall to his office on Capitol Hill in Washington, Friday, Nov. 3, 2017. Ryan introduced a far-reaching tax overhaul Thursday that will be a priority for the GOP. (AP Photo/J. Scott Applewhite)
November 05, 2017 - 3:57 pm
WASHINGTON (AP) — House Speaker Paul Ryan said Republicans are discussing whether their tax plan should include a repeal of the Obama health law's requirement that people have insurance coverage or face a penalty, a step pushed by President Donald Trump but seen by some GOP lawmakers as possibly...
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President Donald Trump holds an example of what a new tax form may look like during a meeting on tax policy with Republican lawmakers in the Cabinet Room of the White House, Thursday, Nov. 2, 2017, in Washington, with House Speaker Paul Ryan, R-Wis., and Chairman of the House Ways and Means Committee Rep. Kevin Brady, R-Texas, right. (AP Photo/Evan Vucci)
November 03, 2017 - 2:21 pm
WASHINGTON (AP) — President Donald Trump is pressuring Republicans to repeal a health care law penalty in their tax rewrite, a step the House's top tax writer indicated is politically problematic. Rep. Kevin Brady, chairman of the Ways and Means Committee, said Friday the president had spoken to...
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This Tuesday, Oct. 17, 2017, photo shows a home for sale in Fort Washington, Pa. On Thursday, Oct. 26, 2017, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Matt Rourke)
October 26, 2017 - 10:57 am
WASHINGTON (AP) — The costs of borrowing to buy a home increased slightly this week, but U.S. mortgage rates are still near relative lows. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages rose to 3.94 percent from 3.88 percent last week. At this time...
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