US debt rating maintained at highest level by S&P despite deteriorating public finances

LONDON — Credit ratings agency Standard & Poor’s said Thursday it is unlikely to lower its rating on the U.S. government in the near-term despite noting a “significant” weakening in public finances.

Treasurys sell off, driving yields to highest levels of the year, amid improving jobs data

NEW YORK — Bond yields jumped again on Friday as a sell-off in Treasurys continued, an ominous sign for anyone looking to buy a home or refinance their loans.

Dollar-selling accelerates as US GDP data doesn’t sink rally; multimonth lows vs euro, pound

NEW YORK — The dollar fell steeply to multimonth lows against several currencies Friday as a report saying the US economy is still shrinking couldn’t sink investors’ taste for riskier assets.

US red ink to top $1.8 trillion, 4 times record; Gov’t borrows 46 cents for every dollar spent

WASHINGTON — The government will have to borrow nearly 50 cents for every dollar it spends this year, exploding the record federal deficit past $1.8 trillion under new White House estimates. Budget office figures released Monday would add $89 billion to the 2009 red ink — increasing it to more than four times last year’s all-time high as the government hands out billions more than expected for people who have lost jobs and takes in less tax revenue from people and companies making less money.

US red ink to top $1.8 trillion, 4 times record; gov’t borrows 46 cents for every dollar spent

WASHINGTON — The government will have to borrow nearly 50 cents for every dollar it spends this year, exploding the record federal deficit past $1.8 trillion under new White House estimates. Budget office figures released Monday would add $89 billion to the 2009 red ink — increasing it to more than four times last year’s all-time high as the government hands out billions more than expected for people who have lost jobs and takes in less tax revenue from people and companies making less money.

Treasury plans to auction 30-year bonds on a monthly basis to deal with record debt levels

WASHINGTON — The Treasury Department said Wednesday it will boost the number of times it auctions 30-year bonds to 12 times a year in another move to cope with the government’s soaring debt.

Treasury needs to borrow $361 billion in April-June quarter, record amount for that period

WASHINGTON — The Treasury Department said Monday it will need to borrow $361 billion in the current April-June quarter, a record amount for that period.