The numbers: The U.S. federal budget deficit narrowed to $87.8 billion in October, down from $165.1 billion in the same month last year, the Treasury Department said Wednesday. This is Read more
Tag: borrowing
U.S. Treasury to auction $96 billion next week in refunding
The refunding: As part of its regular quarterly refunding, the U.S. Treasury announced Wednesday it would sell $96 billion in notes and bonds next week. The department said it would Read more
U.S. consumer borrowing picks up speed in August
The numbers: Total U.S. consumer credit rose $32.2 billion in August, up from $26.1 billion in the prior month, the Federal Reserve said Friday. That translates into a 8.3% annual Read more
U.K government borrowing almost twice higher than forecasted
U.K government borrowing hit £11.8 billion ($13.4 billion) in August — £5.8 billion more than was estimated in May by the Office for Budget Responsibility. The Office for National Statistics Read more
Apple is again borrowing in the debt market to raise money to reward shareholders
Apple Inc. AAPL, -0.42% is again planning to issue debt to reward its shareholders by buying back its own shares and paying dividends, according to a regulatory filing. The iPhone Read more
‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard
The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and services. While economists say raising Read more