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US debt reckoning escalates sharply as top bond buyer pulls back from long-term Treasuries

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Pimco said it's reducing exposure to long-term U.S. bonds amid concerns about soaring federal deficits and debt. Instead, it...
Bussiness

S&P Sticks With France Rating in Reprieve for Premier Barnier

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(Bloomberg) -- French Prime Minister Michel Barnier won a minor reprieve in his battle to pass a budget and remain...
Bussiness

BofA CEO urges Trump administration to tackle US budget

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(Reuters) - Bank of America CEO Brian Moynihan said on Tuesday he expected President-elect Donald Trump's incoming administration to tackle...
Bussiness

US Interest Burden Hits 28-Year High, Escalating Political Risk

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(Bloomberg) -- The US debt interest-cost burden climbed to the highest since the 1990s in the financial year that’s just ended, escalating the risk...

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