Government debt

The Parthenon temple is illuminated atop of the Acropolis hill as a ferry approaches the port of Piraeus as another one departs in Athens, Monday, Oct. 26, 2020. (AP Photo/Thanassis Stavrakis)
November 20, 2020 - 8:20 am
Greece has downgraded its forecasts for the economy this year to include the impact of a second lockdown, and says the national debt is now expected to exceed 200% of annual output. The Finance Ministry on Friday said that it expects the economy to contract by 10.5% in 2020 and rebound by a modest...
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A man walks past the Reserve Bank of Australia headquarters in Sydney, Tuesday, Nov. 3, 2020. Australia’s central bank on Tuesday cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession.(Dan Himbrechts/AAP Image)
November 02, 2020 - 10:22 pm
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession. The move was the first since March when the Reserve Bank of Australia board made two...
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A throng of supporters listen to a video message as they await President Donald Trump for a campaign stop, Saturday, Oct. 31, 2020, at the Butler County Regional Airport in Butler, Pa. (AP Photo/Keith Srakocic)
November 01, 2020 - 10:44 pm
Expect to see a lot more of the same if there's a second Trump administration. President Donald Trump has consistently pointed to tax cuts and regulatory relief as key successes of his first four years in office. He has repeatedly pushed for the end of the Obama-era health law but has yet to...
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President Donald Trump speaks at a campaign rally Friday, Oct. 30, 2020, in Rochester, Minn. (AP Photo/Bruce Kluckhohn)
October 31, 2020 - 9:18 am
Expect to see a lot more of the same if there's a second Trump administration. President Donald Trump has consistently pointed to tax cuts and regulatory relief as key successes of his first four years in office. He has repeatedly pushed for the end of the Obama-era health law but has yet to...
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Democratic presidential candidate former Vice President Joe Biden holds his face mask during a rally at the Minnesota State Fairgrounds in St. Paul, Minn., Friday, Oct. 30, 2020. (AP Photo/Andrew Harnik)
October 31, 2020 - 3:58 am
Stop and reverse. Restore and expand. Joe Biden is promising to take the country on a very different path from what it has seen over the past four years under President Donald Trump, on issues ranging from the coronavirus and health care to the environment, education and more. The Democratic...
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FILE - In this June 23, 2020, file photo, President Donald Trump tours a section of the border wall in San Luis, Ariz. During his 2016 primary run, Trump sought to mark his ground as a hard-line immigration enforcer who would build “a great, great wall on our southern border.” Nearly four years later, Trump still has work to do completing his wall and much that has been completed has been paid by U.S. taxpayers despite promises otherwise. (AP Photo/Evan Vucci, File)
October 24, 2020 - 5:41 am
WASHINGTON (AP) — President Donald Trump swept into office nearly four years ago as an outsider who promised to get things done quickly on behalf of the American people through sheer force of will and unrivaled knowledge about the art of the deal. He has checked off some items on his to-do list...
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The TIPCO tower stands in Bangkok, Thailand, Wednesday, Sept. 2, 2020. One of Asia's biggest asphalt companies, Tipco Asphalt, is helping Venezuela skirt harsh U.S. sanctions by moving hundreds of millions of dollars on behalf of the state-run oil company PDVSA, according to an Associated Press investigation. (AP Photo/Gemunu Amarasinghe)
October 08, 2020 - 5:31 am
MIAMI (AP) — Back in January, a yearlong campaign of U.S. sanctions was taking its toll at Venezuela’s state-run oil company. Many of PDVSA’s overseas bank accounts had been frozen or closed, hampering its ability to pay vendors on whom it relies to keep the nation’s crude flowing. So, as the bills...
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German Finance Minister Olaf Scholz, right, delivers a speech during a budget debate as part of a meeting of the German federal parliament, Bundestag, at the Reichstag building in Berlin, Germany, Tuesday, Sept. 29, 2020. At left is German Chancellor Angela Merkel. (AP Photo/Michael Sohn)
September 29, 2020 - 2:58 am
BERLIN (AP) — Germany's debt load won't reach the level it did in the financial crisis a decade ago as a result of the coronavirus pandemic, the finance minister said Tuesday, and it will still look better than that of Germany's peers in the Group of Seven did before the virus outbreak. Olaf Scholz...
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Shoppers pass a sale sign in a shop window on Oxford Street in London, Thursday, Aug. 13, 2020. The British economy is on course to record the deepest coronavirus-related slump among the world's seven leading industrial economies after official figures showed it shrinking by a 20.4% in the second quarter of 2020 alone said The Office for National Statistics. (AP Photo/Kirsty Wigglesworth)
August 21, 2020 - 3:26 am
LONDON (AP) — Britain's government debt has breached the 2 trillion-pound ($2.6 trillion) mark for the first time after heavy borrowing to support the economy during the coronavirus pandemic. The Office for National Statistics said Friday that the government borrowed a further 26.7 billion pounds...
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FILE -In this June 16, 2020 file photo, a sign for a Wall Street building is shown in New York. Stocks are opening mostly lower on Wall Street Thursday, Aug. 13, a day after the S&P 500 closed just below its pre-pandemic record high. (AP Photo/Mark Lennihan, File)
August 13, 2020 - 2:09 pm
NEW YORK (AP) — Another afternoon fade for stocks left Wall Street just shy of a record on Thursday, after the S&P 500 briefly crossed above its all-time closing high for the second straight day. The S&P 500 dipped 6.92 points, or 0.2%, to 3,373.43. At one point during the day, it climbed...
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