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Saturday, July 11, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: debt

UPDATED: Fri., June 26, 2020

Merkel: Germany ‘can afford’ more debt to fund EU recovery

German Chancellor Angela Merkel says her country can afford to take more more debt to help fund an unprecedented economic recovery program for the European Union, because it’s in Germany’s …

Fed to buy as much government debt as needed to aid economy

In its boldest effort to protect the U.S. economy from the coronavirus, the Federal Reserve says it will buy as much government debt as it deems necessary and will also …

Spokane considering forgiving 14 years of unpaid utility bills they believe would be legally difficult to collect

The $450,000 write-off would apply to 174 ratepayers who the city says it would have trouble collecting money from. The debts were accrued between 1999 and 2013, coinciding with the …

UPDATED: Tue., April 16, 2019

Washington Senate votes to repeal 1881 law to help consumers in debt

Washington residents struggling with consumer debt could get some help, including lower interest rates and restrictions on collection agencies, from a series of bills the Senate passed Monday.

The debt threat: Business debt, and worries about it, are up

Homeowners appear to have learned the lesson of the Great Recession about not taking on too much debt. There is some concern that Corporate America didn’t get the message.

UPDATED: Thu., Nov. 29, 2018

Paul Ryan lists immigration, debt as biggest regrets

Outgoing House Speaker Paul Ryan on Thursday named immigration and the national debt as his two biggest regrets as he prepares to leave office after 20 years in Congress, saying …

UPDATED: Sun., Nov. 25, 2018

‘I will die before this loan is ever paid off.’ Idaho students’ debt piles up as company takes heat

One of the nation’s largest student loan servicing companies may have driven tens of thousands of borrowers struggling with their debts into higher-cost repayment plans.

UW and WSU team up to tout college affordability

WSU President Kirk Schulz and UW President Ana Mari Cauce said they are launching the initiative, called “Yes, It’s Possible,” to dispel the myth that students must incur massive amounts …

UPDATED: Mon., Oct. 22, 2018

Netflix to borrow another $2B to pay its programming bills

Netflix plans to borrow another $2 billion to help pay for the exclusive series and movies that its management credits for helping its video streaming service reel in millions of …

Tesla faces huge bills in 143 days

One hundred and forty-three days. That’s how much time Elon Musk has till the big bills start coming due in the debt market.

Global debt soars, along with fears of crisis ahead

Ten years after the worst financial panic since the 1930s, growing debt burdens in key developing economies are fueling fears of a new crisis that could spread far beyond the …

Nerd Wallet: Plan, give and spend smart to avoid holiday debt

If you don’t have a holiday savings fund stashed away, smart planning and clever shopping can ensure you don’t end up struggling to pay off debt.

McConnell: Tax bill won’t add to nation’s debt woes

Fresh off his biggest legislative victory of the year, Senate Majority Leader Mitch McConnell is disputing projections that the Senate’s tax bill would add to the nation’s debt woes.

Robert J. Samuelson: Americans aren’t taxed enough

Americans like big government. They just don’t like paying for it. Borrowing is easier. It’s largely invisible to most Americans, creating the illusion of “something for nothing.” This liberates Republicans …

Maduro moves to restructure Venezuela’s $120B foreign debt

Venezuela’s president says his socialist government will begin restructuring a foreign debt estimated at more than $120 billion, saying U.S. financial sanctions are crippling the oil-dependent economy’s ability to pay.

UPDATED: Mon., Oct. 16, 2017

Netflix sinking deeper into debt to fuel subscriber growth

The big burden that Netflix is shouldering hasn’t been a major concern on Wall Street so far, as CEO Reed Hastings’ strategy has been paying off.

Nerd Wallet: Credit bureaus ease medical debt pain for a few

The changes in medical debt reporting were designed to help people whose bills fell through the cracks between their health care providers and their insurance companies.

Nerd Wallet: How do I help my parents pay off college debt?

Help your parents live a little easier – and soothe your conscience – by looking into payment-reduction options or repaying their loans yourself. In certain situations, refinancing the loans in …

McConnell says ‘zero chance’ Congress will fail to raise debt ceiling

Senate Majority Leader Mitch McConnell, R-Ky., said Monday that there was “zero chance, no chance” Congress would fail to raise the debt ceiling by late September, though he offered no …

UPDATED: Sun., Aug. 6, 2017

Washington lawmaker to pay fine in finance disclosure case

A state Democratic senator has agreed to pay a fine for violating campaign disclosure laws last year.

UPDATED: Wed., July 26, 2017

Student-loan forgiveness has halted under Trump, records show

The Education Department says it has not approved any applications for student-loan forgiveness in cases of possible fraud since President Donald Trump took office.

UPDATED: Sat., July 15, 2017

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 …

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 …

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

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 …

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?

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.

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.

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, …

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 …