Bonds

Mnuchin announces steps to avoid broaching debt limit

Treasury Secretary Steven Mnuchin is alerting Congress that he will start taking emergency measures this week to keep the government from going above the debt limit when it goes back into effect on Friday.

Kansas plan for new prison draws criticism from lawmakers

A plan to have the largest private prison operator in the U.S. build a new state prison for Kansas immediately faced bipartisan criticism from legislators Thursday because the state would pay for the project by leasing the facility from the company for 20 years.

Global Markets Seek Safety as Summer Risks Loom

Markets across the globe kicked off what’s likely to be a volatile 10-day period on a risk-averse note as investors ditched risky equity positions in favor of safe-haven assets.

Fiscal discipline? Not now, as GOP pushes tax cuts

Republicans relentlessly complained about big budget deficits during Democratic President Barack Obama's two terms, but now a growing number in the GOP are pushing for deep tax cuts even if they add to the government's $20 trillion debt.