Government debt

1010 WINS Newsroom
December 09, 2019 - 2:38 pm
WASHINGTON (AP) — The Federal Reserve is expected to send a clear message when its latest policy meeting ends Wednesday: Interest rates will likely stay ultra-low for the foreseeable future. Behind that message is a view that has gained support at the Fed as the U.S. economic expansion has entered...
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1010 WINS Newsroom
November 21, 2019 - 9:32 am
ATHENS, Greece (AP) — The Greek government has pledged to exceed the strict surplus targets demanded by its former bailout lenders for this year and next. In the 2020 budget submitted to Parliament Thursday, the government says it will outperform its primary surplus target— the annual balance...
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FILE - This June 12, 2019, file photo shows the U.S. Capitol dome in Washington. On Wednesday, Nov. 13, the Treasury Department releases federal budget data for August. (AP Photo/Patrick Semansky, File)
1010 WINS Newsroom
November 13, 2019 - 5:08 pm
WASHINGTON (AP) — The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record. The Treasury Department said Wednesday that the deficit last month...
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Republican presidential candidate former South Carolina Gov. Mark Sanford speaks during a news conference in front of the Statehouse, Tuesday, Nov. 12, 2019, in Concord, N.H., where he announced he is ending his longshot 2020 presidential bid. Sanford centered his Republican primary challenge to President Donald Trump on warnings about the national debt. But he struggled to gain traction since announcing his run in September. (AP Photo/Elise Amendola)
1010 WINS Newsroom
November 12, 2019 - 3:11 pm
CONCORD, N.H. (AP) — Mark Sanford dropped his challenge to President Donald Trump for the Republican presidential nomination on Tuesday, saying the focus on impeachment has made it difficult for his campaign to gain traction. "You've got to be a realist," Sanford said outside the New Hampshire...
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This Sept. 18, 2019, photo shows the view of the U.S. Capitol building from the Washington Monument in Washington. The federal deficit for the 2019 budget year is expected to have soared to near $1 trillion, up more than $200 billion from last year and the largest such gap in seven years. (AP Photo/Patrick Semansky)
1010 WINS Newsroom
October 25, 2019 - 7:07 pm
WASHINGTON (AP) — The Trump administration reported a river of red ink Friday. The federal deficit for the 2019 budget year surged 26% from 2018 to $984.4 billion — its highest point in seven years. The gap is widely expected to top $1 trillion in the current budget year and likely remain there for...
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President of European Central Bank Mario Draghi comes to a press conference after chairing his last policy meeting in Frankfurt, Germany, Thursday, Oct. 24, 2019. (AP Photo/Michael Probst)
1010 WINS Newsroom
October 24, 2019 - 9:12 am
FRANKFURT, Germany (AP) — As he winds up his eight-year term, European Central Bank President Mario Draghi said Thursday that his legacy isn't dented by the unusual public criticism by some ECB officials of a key part the bank's last stimulus package. Draghi said that criticism of the decision to...
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Anti-government protesters cheer as they wait for a bus to return them home, in the aftermath of violent protests against the government, in Quito, Ecuador, Monday, Oct. 14, 2019. Ecuador celebrated a deal President Lenín Moreno and indigenous leaders struck late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead. (AP Photo/Fernando Vergara)
1010 WINS Newsroom
October 14, 2019 - 9:41 pm
QUITO, Ecuador (AP) — Thousands of indigenous demonstrators, student volunteers and local residents launched a mass cleanup Monday of a Quito park where anti-austerity protesters fought police for days, leaving piles of burning tires, trees and construction material. President Lenín Moreno signed a...
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Indigenous leaders attend negotiations with President Lenin Moreno in Quito, Ecuador, Sunday, Oct. 13, 2019. The government and indigenous protesters started negotiations aimed at defusing more than a week of demonstrations that have paralyzed the nation's economy. (AP Photo/Fernando Vergara)
1010 WINS Newsroom
October 13, 2019 - 11:14 pm
QUITO, Ecuador (AP) — President Lenín Moreno and leaders of Ecuador's indigenous peoples struck a deal late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead. Under the agreement announced just before 10 p.m.,...
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1010 WINS Newsroom
October 11, 2019 - 1:39 pm
WASHINGTON (AP) — The Federal Reserve said Friday that it will buy short-term Treasury bills each month until the second quarter of 2020 to inject cash into the banking system and make it easier to control its benchmark lending rate. The action marks the Fed's latest response to a shortage of cash...
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1010 WINS Newsroom
October 11, 2019 - 7:50 am
BEIJING (AP) — China announced a timetable Friday for carrying out a promise to allow full foreign ownership of some finance businesses, starting with futures traders on Jan. 1, as Beijing tries to make its slowing economy more competitive and efficient. Ownership limits will be ended for mutual...
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