Sovereign debt

FILE - In this Sept. 25, 2017 file photo, Ivanka Trump stands before President Donald Trump signs a memorandum to expand access to STEM, science technology engineering and math, education, in the Oval Office of the White House in Washington. The Trump administration on Monday proposed new limits on federal student loans taken out by parents and graduate students as part of a broader plan to curb the cost of college. White House officials included the plan in a list of suggested changes to the Higher Education Act, a sweeping federal law that governs student lending and is in the process of getting its first overhaul from Congress in more than a decade. Ivanka Trump, the daughter and adviser of President Donald Trump, unveiled the plan at a meeting of the National Council for the American Worker, an advisory group created last July that Ivanka helps lead. (AP Photo/Alex Brandon)
March 18, 2019 - 6:00 pm
The Trump administration on Monday proposed new limits on federal student loans taken out by parents and graduate students as part of a broader proposal to curb the cost of college. White House officials included the plan in a list of suggested changes to the Higher Education Act, a sweeping...
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Office of Management and Budget Acting Director Russell Vought testifies before the House Budget Committee on Capitol Hill in Washington, Tuesday, March 12, 2019, during a hearing on the fiscal year 2020 budget. (AP Photo/Susan Walsh)
March 12, 2019 - 11:54 am
WASHINGTON (AP) — The White House's top budget official acknowledged Tuesday that the federal deficit is ballooning to $1.1 trillion alongside the Republican tax plan but vowed the fiscal picture would improve as a result of projected economic growth. Russ Vought, acting director of the Office of...
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President Donald Trump's 2020 budget outline arrives on Capitol Hill at the House Budget Committee, in Washington, Monday morning March 11, 2019. Trump's new budget calls for billions more for his border wall, with steep cuts in domestic programs but increases for military spending. (AP Photo/J. Scott Applewhite)
March 11, 2019 - 6:35 pm
WASHINGTON (AP) — President Donald Trump proposed a record $4.7 trillion budget on Monday, pushing the federal deficit past $1 trillion but counting on optimistic growth, accounting shuffles and steep domestic cuts to bring future spending into balance in 15 years. Reviving his border wall fight...
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File-This Feb. 6, 2019, file photo shows Treasury Secretary Steve Mnuchin speaking with reporters outside the White House, in Washington. Mnuchin has informed Congress that he will stop making payments into two government retirement funds now that the debt limit has gone back into effect. In a letter Monday, March 4, 2019, to congressional leaders, Mnuchin said that he would stop making investments into a civil service retirement fund and a postal service retirement fund. (AP Photo/ Evan Vucci, File)
March 04, 2019 - 6:38 pm
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin informed Congress on Monday that he will stop making payments into two government retirement funds now that the debt limit has gone back into effect. In a letter to congressional leaders, Mnuchin said that he would stop making investments into a...
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FILE - This June 8, 2017, file photo shows the U.S. Treasury Department building in Washington. The national debt has passed a new milestone, topping $22 trillion for the first time. The Treasury Department's daily statement shows 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. (AP Photo/Pablo Martinez Monsivais, File)
February 12, 2019 - 8:06 pm
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...
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FILE - In this Monday, Jan. 21, 2019, file photo, Malaysia's Prime Minister Mahathir Mohamad arrives for meeting at the federal chancellery in Vienna, Austria. On Tuesday, Jan. 29, 2019, Mahathir says that proceeding with a multi-billion-dollar rail link project backed by China will “impoverish” the country, saddling it with heavy debts for the next 30 years. (AP Photo/Ronald Zak, File)
January 29, 2019 - 8:57 am
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,...
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Speaker of the House Paul Ryan, of Wis., speaks after Secretary of Defense Jim Mattis awarded him with the Department of Defense Medal for Distinguished Public Service at the Pentagon, in Washington, Wednesday, Nov. 28, 2018. (AP Photo/Cliff Owen)
November 29, 2018 - 1:15 pm
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. The Republican lawmaker from Wisconsin, the...
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This combination of file photos show, from left to right; then Malaysia’s President-elect Mahathir Mohamad, Maldives President-elect Ibrahim Mohamed Solih and Pakistan politician Imran Khan. The three Muslim-majority South Asian countries have recently elected leaders who campaigned on promises to move away from China’s growing sphere of influence. The surprising elections of nonagenarian Mahathir Mohamad in Malaysia, cricketer Imran Khan in Pakistan and longtime opposition lawmaker Ibrahim Mohamed Solih in the Maldives could signal problems for the continued development of Beijing’s “Belt and Road” initiative to build ports, highways and other trade-related infrastructure. (AP Photo, File)
September 26, 2018 - 3:31 am
NEW DELHI (AP) — Three Muslim-majority Asian countries have elected leaders who campaigned on a promise to temper China's growing influence, but analysts say reducing the foothold of the world's second-largest economy won't be easy because of the billions of dollars in development projects that are...
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Malaysian Prime Minister Mahathir Mohamad, center, speaks to Chinese President Xi Jinping (not pictured) during their meeting at Diaoyutai State Guesthouse in Beijing, Monday, Aug. 20, 2018. (Roman Pilipey/Pool Photo via AP)
August 21, 2018 - 5:47 am
BEIJING (AP) — Multibillion-dollar China-financed projects in Malaysia have been canceled because they aren't needed and will saddle the country with an unsustainable amount of debt, Malaysian Prime Minister Mahathir Mohamad told reporters on the final day of a visit to Beijing on Tuesday. Mahathir...
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In this July 26, 2018, photo, President Donald Trump acknowledges the audience after speaking at the United States Steel Granite City Works plant in Granite City, Ill. Trump's trade policies are turning long-established Republican orthodoxy on its head. There are tariff fights, and there’s now $12 billion in farm aid that represents the type of government intervention GOP voters railed against a decade ago. (AP Photo/Jeff Roberson)
July 28, 2018 - 6:18 am
WASHINGTON (AP) — President Donald Trump's trade policies are turning long-established Republican orthodoxy on its head, marked by tariff fights and now $12 billion in farm aid that represents the type of government intervention GOP voters railed against a decade ago. President George W. Bush...
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