Sovereign debt

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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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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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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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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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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