Debt Market

MADRID (Reuters) - Cut off from regular loan financing after a spectacular banking collapse, Spain's mid-sized companies are being forced into the costly junk bond market to meet their funding needs. The good news? Borrowing costs have slumped, investors...

LONDON (Reuters) - Britain's budget deficit barely fell in the last 12 months despite a government austerity drive, official data showed on Tuesday, pointing to further pain to come. The fact borrowing fell at all will be some comfort for finance...

WASHINGTON — President Obama will unveil a budget proposal Wednesday that curbs spending on Social Security, raises the minimum wage, closes tax loopholes for top earners and invests in infrastructure — an overdue document that the White House...

Contrary to rumor, Nero did not fiddle while Rome burned. He couldn't have; fiddles did not exist in first century Rome. Far more likely, however, is that Nero lit the fire that burned nearly one-third of the city in 64 AD because he wanted to clear the...

The Orland Fire Protection District Board of Trustees has voted to reduce the amount of property taxes it is requesting from taxpayers for this year, effectively asking taxpayers for the same amount collected in 2012. Trustees approved the abatement...

Romeoville voters will have the final say April 9 in the village's contentious mayoral race between incumbent John Noak and former Chicago Bear Steve McMichael in one of the area's most closely watched municipal contests. The two candidates have...

 Contrary to rumor, Nero did not fiddle while Rome burned. He couldn’t have; fiddles did not exist in first century Rome.  Far more likely, however, is that Nero lit the fire that burned nearly one-third of the city in 64 AD because he wanted to...

The city will be forced to dip into its general fund for $1 million to help the city-owned Hilton Baltimore make debt payments this year, city officials said Wednesday. Harry E. Black, Baltimore's director of finance, said the hotel needs the money to...

Baltimore water officials have been dogged in the past year by a series of extremely public problems: widespread billing errors that required millions in refunds, massive water main breaks that closed downtown streets, and a collapsed stormwater culvert...

It's not unusual to lose your balance while standing on a peak. And so it goes with the stock market. Investors suffered some fear of heights Monday and sent the Dow Jones industrial average tumbling. It was the worst day of this year, with a triple-...

A major luxury apartment complex meant to be a catalyst for Orland Park's new urban-inspired downtown area is only a few months away from opening its doors to residents. The developer of Ninty7Fifty On the Park is on schedule to finish 80 of its 295...

WASHINGTON (AP) — With tacit support from President Barack Obama, House Republicans were moving Wednesday to try to defuse a potential debt crisis with legislation to prevent an economy-rattling fiscal crisis for at least four months. The GOP...