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Wednesday, July 17, 2019  Spokane, Washington  Est. May 19, 1883


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Stories tagged: default

Trump administration rolls back protections for people in default on student loans

Days after a report on federal student loans revealed a double-digit rise in defaults, President Trump’s administration revoked federal guidance Thursday that barred student debt collectors from charging high fees …

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.

Puerto Rico enters new financial era after historic default

Puerto Rico entered a new financial era Friday following a historic default as it prepares for the implementation of a federal oversight board that will have control over the island’s …

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.

Puerto Rico skips bond payments, says Congress must help

Puerto Rican officials say the island’s default on a $422 million bond payment is only the beginning if the U.S. Congress doesn’t help resolve the situation soon.

Government: Student loan defaults won’t result in jail time

It won’t help your credit history, but defaulting on student loans will not earn you a one-way ticket to jail. That word comes from the Education Department in a blog …

US avoids debt default as Congress passes two-year fiscal plan

WASHINGTON – Congress passed a two-year bipartisan budget plan that avoids a catastrophic default on U.S. debt, increases spending on domestic and defense programs and ends months of turmoil among …