5 h. ago German lawmakers debate loosening debt limits to spend more on defense as Europe’s worries grow

BERLIN (AP) — Germany ‘s likely next chancellor urged lawmakers Thursday to exempt some defense spending from the nation’s tight rules on running up debt, an issue of growing urgency as doubts increase about the U.S. commitment to European allies. The appeal comes amid long-term strains on the debt limits, and the recent shift in […]

Economics

56 h. ago European Stocks Edge Lower a Fourth Day as Growth Worries Linger

European stocks retreated for a fourth-straight session as worries about a faltering US economy fueled a global selloff. Germany’s DAX outperformed on optimism around a spending deal.

Economics

8 d. ago Germany to ease government debt limits in major step aimed at boosting economy, defense spending

FRANKFURT, Germany (AP) — The two political parties expected to form the next German government have agreed to loosen the country’s constitution restrictions on borrowing, enabling 1 trillion euros ($1.08 trillion) or more in spending on defense and infrastructure. It’s a major change in Germany’s debt-averse political culture. Intensifying debate over the debt brake throws […]

Politics

9 d. ago European Stocks Fall Most in Seven Months on Trade War Worries

European equities suffered their worst day in seven months, with tariff-exposed stocks sinking as the global trade war intensified.

Economics

2 w. ago European Stocks Steady as AI Spending Worries Offset DAX Rally

European stocks ended the day flat as worries about Microsoft Corp.’s dwindling spending on data centers tempered positivity from the German election outcome.

Economics

2 w. ago Senate Budget Vote Leaves Hurdles For Trump Tax Cuts, Debt Limit

The budget plan the Senate passed before dawn on Friday leaves large hurdles for President Donald Trump’s tax cut agenda and for raising the debt ceiling before a possible payments default in the summer.

Economics