Bonds

Puerto Rico bonds sink; White House says no debt bailout

President Donald Trump helped sink Puerto Ricans bond prices with talk of wiping out the U.S. territory's debt but his budget director dismissed the idea of a bailout Wednesday as the bankrupt island fights to recover from Hurricane Maria.

Puerto Rico bonds sink; White House says no debt bailout

President Donald Trump helped sink Puerto Ricans bond prices with talk of wiping out the U.S. territory's debt but his budget director dismissed the idea of a bailout Wednesday as the bankrupt island fights to recover from Hurricane Maria.

GOP budgets to permit first steps on tax overhauls

Congressional Republicans on Wednesday kicked off debate on House and Senate budget plans that promise slashing cuts to social programs — but whose real purpose is to grease the skids for a sweeping overhaul of the U.S. tax code that would add up to $1.5 trillion to the nation's spiraling debt.