Stories tagged: debt
UPDATED: Sat., July 15, 2017, 9:24 p.m.
Trump may have to use Obama’s secret debt plan
Deep within the Treasury Department sits a once-secret plan written by the Obama administration that could lead to the first-ever default on U.S. debt. Bond traders are worried that Donald …
Sun., June 18, 2017, 3 a.m.
NerdWallet: Feds argue as ‘debt relief’ companies prey on students
U.S. enforcement agencies – the Consumer Financial Protection Bureau and the Federal Trade Commission – in recent years have closed only seven companies that lured consumers with rosy promises to …
Thu., June 15, 2017, 5:08 p.m.
Greece gets $9.5 billion, plus promise of future debt relief
Greece avoided another potential brush with bankruptcy after striking a deal Thursday with European creditors to tide it over for the rest of the year and gained assurances that its …
UPDATED: Tue., June 6, 2017, 3:58 p.m.
Trump’s America faces a $13 trillion consumer debt hangover
Americans faced with lackluster income growth have been financing more of their spending with debt instead. There are early signs that loan burdens are growing unsustainably large for borrowers with …
Tue., May 30, 2017
As Americans take on more debt, some pockets of concern
After a stint of frugality, Americans have returned to their borrowing ways. But are they getting into the kinds of debt trouble that lead to recessions?
Thu., May 25, 2017, 1:58 p.m.
U.S. won’t default on debt, House Speaker Ryan says
House Speaker Paul Ryan is assuring investors that Congress will meet a new deadline to increase the government’s borrowing authority and avert an economy-quaking default on U.S. obligations.
Wed., May 24, 2017, 3:50 p.m.
Treasury chief to Congress: Raise debt limit before August
Treasury Secretary Steven Mnuchin told lawmakers on Wednesday that they should vote to increase the government’s borrowing authority – and avert a disastrous economic default – before their August recess.
Thu., May 4, 2017
Reform taxes, but watch federal deficits
Our biggest concern is that the president’s proposal included no third Post-It note, the one that would analyze the impact of his tax cuts on the national debt and, crucially, …
Wed., May 3, 2017, 12:10 p.m.
Puerto Rico announces huge, historic debt restructuring
Puerto Rico’s governor on Wednesday announced a historic restructuring of a portion of the U.S. territory’s $73 billion debt through courts after negotiations with bondholders failed. The announcement marks the …
Sun., Jan. 22, 2017
How to dig out from December’s debt
We asked some personal finance bloggers how they manage to keep holiday celebrations from morphing into debt that lasts all year. Their advice: Once you make a mess, act fast …
Wed., Dec. 7, 2016, 1:38 p.m.
Consumers boost borrowing $16 billion in October
Consumers increased their borrowing in October at the slowest pace in four months as growth in credit card debt and the category that covers auto loans and student loans slowed.
Mon., Dec. 5, 2016, 1:36 p.m.
Ford said to issue $2 billion in auto debt for tech spending
Ford plans to issue about $2 billion in debt, the company’s first automotive borrowing in almost four years, as it boosts spending on self-driving cars, mobility services and electrified vehicles.
Sun., Oct. 23, 2016, 1:17 p.m.
Montana land transfer would resolve 127-year-old debt
Montana and the Bureau of Land Management are working to resolve a 127-year-old debt.
Tue., Oct. 4, 2016
Robert J. Samuelson: Rosy Scenario gets magic wand
The notion that Trump can wave a magic wand over these matters and – presto! – produce vast revenues is either wishful thinking or deliberate deception.
Mon., Sept. 19, 2016, 1:29 p.m.
Education Department beefs up effort to help ITT Tech students
The Department of Education announced new online resources Monday for students affected by the abrupt closure of ITT Technical Institutes, amid criticism that the government is not doing enough to …
Wed., Aug. 24, 2016, 11:17 a.m.
U.S. paid $1.3 billion to Iran 2 days after cash delivery
The Obama administration said Wednesday it paid $1.3 billion in interest to Iran in January to resolve a decades-old dispute over an undelivered military sale, two days after allowing $400 …
Tue., Aug. 16, 2016, 12:29 p.m.
Audit faults NY tourism promotion after damaging storms
Gov. Andrew Cuomo’s administration mismanaged $22 million spent to promote tourism in areas affected by three damaging storms, federal auditors said.
Fri., July 29, 2016, 10:42 a.m.
Eurozone growth halves in Q2 but inflation inches up in July
Official figures show that economic growth across the 19-country eurozone halved in the second quarter of the year, a development that’s probably more likely due to the fading boost from …
Sat., July 2, 2016, 12:46 p.m.
Creditors and iHeartMedia reach debt restructuring impasse
One of the world’s largest radio and billboard companies says it may have reached an impasse in its efforts to persuade creditors to restructure its massive debt.
Thu., June 30, 2016, 3:22 p.m.
Puerto Rico crisis enters new phase as Obama signs debt bill
Puerto Rico’s fiscal crisis reached a turning point as President Barack Obama signed bipartisan legislation Thursday that allows the island to escape from debts Wall Street once viewed as ironclad.
Mon., June 27, 2016, 3:26 p.m.
Trump’s failed Baja resort fits business pattern
When Stephenee Simms heard in 2006 that Donald Trump was building condo towers in Baja California, Mexico, the lure of a posh weekend getaway on the rustic coast just south …
Mon., June 27, 2016, 1:43 p.m.
Trump’s budget, tax plans add at least $10 trillion to debt, study shows
A new Washington study says Donald Trump’s tax and budget plans would make the national debt skyrocket by $10 trillion or more over the coming decade, mostly because of his …
Tue., June 21, 2016, 7:07 p.m.
Michigan governor signs $617 million Detroit schools bailout
Michigan’s governor signed a $617 million bailout and restructuring plan for Detroit’s public schools on Tuesday, two years after the state committed money to help end the city’s bankruptcy.
Mon., June 13, 2016, 7:57 p.m.
Supreme Court rules against Puerto Rico in debt case
The Supreme Court ruled Monday that Puerto Rico can’t restructure more than $20 billion in public debt as it tries to overcome a decadelong economic crisis.
Mon., June 6, 2016, 2:50 p.m.
HBO star John Oliver buys, forgives $15 million of people’s delinquent medical bills
Some 9,000 people stuck with delinquent medical bills had their debts forgiven courtesy of HBO host John Oliver.
Thu., June 2, 2016, 12:48 p.m.
Payday lenders face federal restrictions in aim to protect borrowers
Federal regulators are proposing a significant clampdown on payday lenders and other providers of high-interest loans, saying borrowers need to be protected from practices that wind up turning into “debt …
Fri., May 27, 2016, 5:33 p.m.
Chris Christie signs financial rescue package for Atlantic City
Republican Gov. Chris Christie has signed a package of bills to keep financially troubled Atlantic City from running out of cash.
Thu., May 19, 2016, 9:46 a.m.
Bipartisan deal in House to help Puerto Rico with $70B debt
In a breakthrough, House Republicans and Democrats have struck a deal with the White House to help rescue Puerto Rico from $70 billion in debt.
Mon., May 9, 2016, 1:30 p.m.
Euro countries hold first talks on Greek debt measures
European finance ministers on Monday debated for the first time measures to ease Greece’s massive debt burden amid concern the International Monetary Fund might withdraw from the bailout talks.
Fri., May 6, 2016, 2:42 p.m.
Trump will testify after election in Trump University suit
Donald Trump will testify after the presidential election on a class-action lawsuit that accuses the billionaire businessman and his now-defunct Trump University of defrauding people who paid up to $35,000 …