Sovereign debt

April 23, 2019 - 8:14 am
ATHENS, Greece (AP) — Greece's budget performance in 2018 was better than expected following some revenue-boosting measures by the government. According to the country's statistical agency, Greece recorded a primary budget surplus, which excludes the cost of servicing the country's vast public debt...
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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 May 24, 2017 file photo, Rep. John Yarmuth, D-Ky., listens to testimony on Capitol Hill in Washington. Budget Committee Chairman John Yarmuth says he's "not very hopeful" of passing a budget plan through the House. (AP Photo/Jacquelyn Martin, File)
March 27, 2019 - 4:16 pm
WASHINGTON (AP) — House Democratic leaders appear likely to give up on passing a budget this year rather than trying to bridge divisions between progressives seeking more money for domestic programs and more moderate members in swing districts who fear being attacked on tax hikes. Budget Committee...
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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. A top House Democrat says Ivanka Trump, the president’s daughter and a powerful White House aide, is not preserving all of her official email communications as required by federal law. Rep. Elijah Cummings also says Ivanka Trump’s husband, Jared Kushner, continues to uses the messaging application, WhatsApp, to conduct official U.S. government business. (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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March 05, 2019 - 2:15 pm
WASHINGTON (AP) — The federal government recorded a budget surplus in January. But so far this budget year, the total deficit is 77 percent higher than the same period a year ago. The Treasury Department says that the deficit for the first four months of this budget year, which began Oct. 1,...
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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 - In this Feb. 27, 2019 file photo, U.S. Treasury Secretary Steven Mnuchin speaks during a news conference with France's Economy Minister Bruno Le Maire after a meeting in Paris. The Treasury Department is taking the first steps to keep the government from exceeding the $22 trillion debt limit which goes back into effect on Saturday, March 2, setting off what will likely be months of battle in Congress on finding ways to avoid an unprecedented default on the national debt. AP Photo/Christophe Ena)
March 01, 2019 - 3:10 pm
WASHINGTON (AP) — The Treasury Department is taking the first steps to keep the government from exceeding the $22 trillion debt limit which goes back into effect on Saturday, setting off what will likely be months of battle in Congress on finding ways to avoid an unprecedented default on the...
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