Stories tagged: debt
UPDATED: Fri., June 26, 2020
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 …
Mon., March 23, 2020
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 …
Mon., Jan. 6, 2020
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 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.
Fri., Dec. 14, 2018
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
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
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.
Mon., Nov. 19, 2018
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 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 …
Wed., Oct. 10, 2018
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.
Mon., Sept. 3, 2018
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 …
Sun., Dec. 3, 2017
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.
Sat., Dec. 2, 2017
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.
Tue., Nov. 14, 2017
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 …
Fri., Nov. 3, 2017
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
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.
Sun., Sept. 10, 2017
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.
Sun., Aug. 27, 2017
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 …
Mon., Aug. 21, 2017
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
A state Democratic senator has agreed to pay a fine for violating campaign disclosure laws last year.
UPDATED: Wed., July 26, 2017
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
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
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
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
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
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
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
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
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
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 …