After an earlier announcement sent markets into a tailspin, the prime minister and the chancellor are under pressure to restore fiscal credibility.
Tag: Government Bonds
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In Global Slowdown, China Holds Sway Over Countries’ Fates
The lender of choice for many nations over the past decade, Beijing now has the power to cut them off, lend more or forgive some of their debts.
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U.S. National Debt Tops $31 Trillion for First Time
America’s borrowing binge has long been viewed as sustainable because of historically low interest rates. But as rates rise, the nation’s fiscal woes are getting worse.
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Economists Nervously Eye the Bank of England’s Market Rescue
The Bank of England stepped in to save a critical market this week. Economists say it was necessary but also worry about the precedent.
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Stocks Rise Strongly for a Second Day
The rally brings some relief to Wall Street at the beginning of October, after the previous months ended on a sour note, capping a long streak of losses.