China clears last muni bond hurdle

Chinese authorities have removed the last hurdles on a massive local government debt swap that should also jump start the growth of a market-driven municipal bond market.

China says local government debt soars

BEIJING: China on Monday announced the results of a long-awaited debt audit, revealing that liabilities carried by local governments ballooned to 17.9 trillion yuan ($2.95 trillion) as of the end of June.

Reinhart and Rogoff correct austerity research error

Two Harvard economists whose widely-cited research on austerity was called into question last month have published a formal correction.

Bank of England hands QE income to Treasury

The Bank of England has said it will give the Treasury the interest it earns on certain government debts it holds.