The downgrade follows a change in the outlook on the sovereign in 2023 due to wider fiscal deficit and higher interest payments, and comes as Congress debates tax and spending plans that could deepen the fiscal hole.

Wendy McMahon, president and CEO of Paramount Global's CBS News, will step down from her position, telling staffers that she and the company have differing views on the path forward, according to a me...

Longer-dated Treasury yields gained while global stock indexes and the dollar eased on Monday amid concerns about a U.S. tax bill and the U.S. debt load and following Moody's downgrade of the U.S. sov...