Sovereign debt

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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Socialist leader Pedro Sanchez is surrounded by photographers in the parliament after a motion of no confidence vote at the Spanish parliament in Madrid, Friday, June 1, 2018. Opposition Socialist leader Pedro Sanchez has won the vote to replace Mariano Rajoy as prime minister, in the first ouster of a serving Spanish leader by parliament in four decades of democracy. (Emilio Naranjo/Pool Photo via AP)
June 01, 2018 - 5:02 pm
MADRID (AP) — Prime Minister-elect Pedro Sanchez vowed Friday to root out the corruption that helped bring down Spain's outgoing conservative government and pledged to help people affected by years of public spending cuts under his predecessor, Mariano Rajoy. Minutes after narrowly winning a no-...
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European Commission's mission chief for Greece, Declan Costello speaks as he attends a Economic conference in Athens, Thursday, May 31, 2018. Greece is currently negotiating the terms of its bailout exit with European creditors, including how its finances will be monitored and the conditions of a promised debt relief package. (AP Photo/Petros Giannakouris)
May 31, 2018 - 4:23 pm
ATHENS, Greece (AP) — A top European Union official in Greece says the country's access to bond markets remains "fragile" amid the ongoing financial turmoil triggered by the political uncertainty in Italy. Declan Costello, who supervises the Greek bailout program for the European Commission, made...
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FILE - In this Wednesday, May 16, 2018, file photo, Malaysian Prime Minister Mahathir Mohamad smiles during press conference in Putrajaya, Malaysia. Mahathir said Wednesday the government will set up a trust fund to let the public contribute to easing the country’s huge national debt. (AP Photo/Vincent Thian, File)
May 30, 2018 - 6:06 am
KUALA LUMPUR, Malaysia (AP) — Malaysia's new Prime Minister Mahathir Mohamad said Wednesday the government will set up a trust fund to let the public contribute to easing the country's huge national debt. Mahathir's government last week revealed that the national debt and liabilities exceed 1...
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A financial journalist checks on a monitor the course of the spread following political uncertainty, in Rome, Tuesday, May 29, 2018. The Italian stock market opened down 1.8 percent and the spread between Italian 10-year government bond and the benchmark German bund rose to 300 points, the highest level in years with interest rates at 2.9 percent, before relaxing. (Luciano Del Castillo/ANSA via AP)
May 29, 2018 - 10:29 am
FRANKFURT, Germany (AP) — Italy's political turmoil has sent a wave of concern through Europe's 19-country currency union, with serious tremors hitting the country's government debt market. One big reason for the worry: the firewalls the eurozone built to prevent a rerun of its 2010-2012 debt...
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