Government debt

August 05, 2019 - 4:12 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks dropped 3% on Wall Street, their worst loss of the year, after China countered President Donald Trump's latest tariff threat by letting its currency weaken to the lowest level in more than 10 years...
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FILE - In this July 19, 2019, file photo specialist Michael Pistillo, right, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Aug. 2. (AP Photo/Richard Drew, File)
August 02, 2019 - 5:22 pm
Investors rattled by President Donald Trump's latest escalation in his trade war with China drove another round of selling on Wall Street Friday. The latest losses marked the fifth straight drop for the S&P 500 and the worst week of the year for the market just seven days after the benchmark...
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FILE - In this July 31, 2019, file photo trader Tommy Kalikas, center, works on the floor of the New York Stock Exchange. Stocks took a nosedive and bond prices spiked after President Donald Trump said the U.S. would raise tariffs on more Chinese goods, increasing the stakes in an ongoing trade battle. The market had been on track for its biggest gain in nearly two months Thursday, Aug. 1. (AP Photo/Richard Drew, File)
August 01, 2019 - 5:11 pm
Stocks slumped Thursday and bond prices spiked after President Donald Trump surprised markets with a new 10% tariff on $300 billion worth of goods from China beginning next month. The news erased a broad rally on Wall Street, leading to the market's fourth straight loss. Bond prices surged, sending...
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Senate Majority Leader Mitch McConnell of Ky., arrives to speak with reporters following the weekly policy lunches on Capitol Hill in Washington, Tuesday, July 23, 2019. (AP Photo/Susan Walsh)
July 31, 2019 - 9:02 am
WASHINGTON (AP) — A hard-won, warts-and-all budget pact between House Speaker Nancy Pelosi and President Donald Trump is facing a key vote in the GOP-held Senate, with many conservatives torn between supporting the president and risking their political brand with an unpopular vote to add $2...
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FILE - In this July 24, 2019, file photo Treasury Secretary Steve Mnuchin walks away from the microphones after speaking to members of the media at the White House in Washington. The Treasury Department says it expects to borrow $433 billion in the current July-September quarter. (AP Photo/Pablo Martinez Monsivais, File)
July 29, 2019 - 3:47 pm
WASHINGTON (AP) — The Treasury Department said Monday it expects to borrow $433 billion in the current July-September quarter. That would be the largest quarterly borrowing total since early 2018, as the government replenishes its cash reserves following the expected resolution over raising the...
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Speaker of the House Nancy Pelosi, D-Calif., addresses the NAACP convention, Monday, July 22, 2019, in Detroit. (AP Photo/Carlos Osorio)
July 23, 2019 - 4:53 am
WASHINGTON (AP) — The Latest on the debt and budget agreement between the White House and Congress (all times local): 6:35 p.m. Majority Leader Mitch McConnell is promising the Senate will vote on the budget deal agreed to by congressional leaders and the White House before senators leave town for...
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Treasury Secretary Steve Mnuchin speaks during a news briefing at the White House, in Washington, Monday, July 15, 2019. (AP Photo/Carolyn Kaster)
July 15, 2019 - 9:04 pm
WASHINGTON (AP) — It's House Speaker Nancy Pelosi and top Senate Republican Mitch McConnell vs. hardliners in the White House as lawmakers pursue a deal on federal spending and the debt. And the hardliners, wary of further increases to federal spending, appear to be losing. Talks between Pelosi and...
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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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House Speaker Nancy Pelosi of Calif. listens to a question as she meets with reporters on Capitol Hill in Washington, Thursday, July 11, 2019. (AP Photo/Andrew Harnik)
July 11, 2019 - 9:45 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi said Thursday that she wants to complete a deal with President Donald Trump this month that would raise the government's borrowing limit and set spending levels for the coming budget year. Pelosi's office said the California Democrat spoke twice with...
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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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