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The Debt Collection Business Isn't Pretty Businessweek As the credit bubble inflated, so did the business of collecting on bad debts. When a loan sours, lenders will often sell it to a third party that buys debts. On average, a buyer will pay 4¢ on the dollar for the IOUs and hope it can get people to pay ... See all stories on this topic » | ||
Congress Passes Debt Bill as a $1 Trillion Ax Looms New York Times WASHINGTON — The Senate gave final approval on Thursday to legislation suspending the statutory debt ceiling until May, officially turning Congress's attention to the next budget showdown: $1 trillion in across-the-board military and domestic spending ... See all stories on this topic » | ||
UPDATE 1-Moody's downgraded record debt in 2012, pace to slow Reuters WASHINGTON Feb 1 (Reuters) - Moody's Investors Service downgraded a record $311 billion of U.S. public finance debt in 2012 due to economic and budget stresses, the rating agency said on Friday, adding that it expects the pace of downgrades to slow ... See all stories on this topic » | ||
Rogge confident Pyeongchang will overcome debt obstacle Reuters Despite an increase in sales and visitors since Pyeongchang won the bid in 2011, the main Alpensia resort venue has witnessed a huge rise in debt as only 26.3 percent of vacation homes have been sold because of the economic downturn. The resort is ... See all stories on this topic » | ||
California Debt Upgrade Fuels Rally Past Treasuries: Muni Credit Bloomberg The municipal-bond market is staging its best performance in a year as rising demand for tax-free income and an upgrade of California's debt outweigh the busiest borrowing wave since 2010. Localities borrowed about $24 billion through Jan. 30, up 52 ... See all stories on this topic » | ||
US debt woes are not so dire, experts say Los Angeles Times WASHINGTON — Listening to the political shouting match and seeing Washington lurch from one fiscal crisis to another, one might think the federal budget deficit is the economic equivalent of a giant meteor hurtling toward America, about to hit any day. See all stories on this topic » | ||
Myanmar leader says clearing debt is first stage in escaping least-developed ... Washington Post YANGON, Myanmar — Myanmar's reformist president said Friday that his country's recent clearing of billions of dollars of foreign debt is its first step toward ending its least-developed nation status. Thein Sein said in his second radio address to the ... See all stories on this topic » | ||
RLPC-Bankers prepare 2 bln euro debt package for Ista sale Reuters LONDON Feb 1 (Reuters) - Bankers are working on a debt package of around 2 billion euros ($2.7 billion) to offer to potential buyers of German energy-metering firm Ista, put up for sale by private equity groups Charterhouse and CVC, banking sources ... See all stories on this topic » | ||
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FINNEWS LATAM-Banco do Brasil's debt sales seen boosting capital ratios-filing Reuters ... capital index to rise by 1.37 percentage point should the central bank approves as capital funding instrument proceeds from the sale of more than 5.2 billion reais ($2.6 billion) in subordinated local debt and $2 billion in perpetual subordinated ... See all stories on this topic » | ||
Debt-ceiling bill clears Senate; Obama expected to sign Los Angeles Times WASHINGTON – Legislation to suspend the nation's debt ceiling for a few months is on its way to the White House for President Obama's signature, clearing the Senate on Thursday after a series of failed votes on Republican-backed amendments to also cut ... See all stories on this topic » | ||
US Treasuries debt pares losses after non-farm payrolls data Chicago Tribune Benchmark 10-year U.S. government debt prices traded up 5/32 after the data to yield 1.969 percent, despite having hit yields above 2 percent earlier in the session. Prices for 30-year bonds traded up 3/32 to yield 3.163 percent, after yielding 3.203 ... See all stories on this topic » | ||
Five problems bigger than the national debt MarketWatch WASHINGTON (MarketWatch) – With even top Republicans such as Eric Cantor beginning to question the political wisdom of waging perpetual warfare over the deficit, it's possible that Washington may slowly turn its attention to other, more pressing matters. See all stories on this topic » | ||
Senate delays debt limit deadline CNN Washington (CNN) -- The Democratic-controlled Senate passed legislation on Thursday extending the federal government's ability to borrow new money through mid-May, delaying a partisan standoff that some analysts warn could derail a fragile economic ... See all stories on this topic » | ||
Suspension of debt limit wins final congressional approval Reuters WASHINGTON (Reuters) - A bill allowing the government to keep borrowing money for at least a few more months, beyond its record $16.4 trillion debt limit, won final congressional approval on Thursday, clearing the way for President Barack Obama to sign ... See all stories on this topic » | ||
Senate approves bill to suspend debt limit, sends to Obama Fox News WASHINGTON – Congress passed must-do legislation Thursday to permit the government to borrow hundreds of billions of dollars more to meet its obligations, averting a first-ever government default that had loomed as early as mid-February. The 64-34 vote ... See all stories on this topic » | ||
Treasury able to buy more time if debt limit returns Reuters A bill allowing the U.S. government to borrow money beyond its record $16.4 trillion debt limit won final Congressional approval earlier on Thursday. The bill, which needs to be signed by President Barack Obama, suspends the debt limit until May 19. See all stories on this topic » | ||
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Hold the Gold Watch. Kid in College. New York Times "Education debt is contributing to the huge increase in overall financial debt in this country, which is likely delaying the ability of people to retire," said Lori A. Trawinski, senior strategic policy adviser for the AARP Public Policy Institute ... See all stories on this topic » | ||
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Italy threatens to sue Diego Maradona ESPN But the collection agency, the Agenzia delle Entrate, issued a statement saying that it had not "annulled, declared extinct, nor modified" Maradona's debts, and that "to the contrary" it had rejected a request from the Argentine. The agency adds that ... See all stories on this topic » | ||
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Templeton Says US, Japan Debt'Bad Value' Bloomberg Templeton, which manages $782 billion in assets, sees Italian debt as a viable alternative to U.K. gilts and German bunds, whose yields dropped to all-time lows last year, according to John Beck, the London-based co-director of global fixed income ... See all stories on this topic » | ||
Senate Passes a Short-Term Debt Limit Suspension ABC News (blog) The Senate has passed a three-month suspension of the nation's borrowing limit, avoiding, for a few months, a nasty and drawn-out fight over the debt ceiling that has plagued Congress in the past as the deadline neared. The bill was passed by a vote of ... See all stories on this topic » | ||
Cameron Rebuked by Statistics Chief Over Statement on U.K. Debt Bloomberg Dilnot explained the difference between public-sector net debt, which is what the U.K. owes at a given time, and net borrowing, also known as the deficit, which is the difference between government receipts and spending over a specified time. Net debt... See all stories on this topic » | ||
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Distressing Times for Distressed Debt Investors Barron's (blog) Corporate default rates are low, cash balances are high, borrowing rates are low and corporate bond markets are more overbought than they've ever been. That leaves slim pickings for one breed of bond buyer: distressed debt investors, who specialize in ... See all stories on this topic » | ||
Editorial: Student debt and bankruptcy OCRegister The greatest personal debt problem for Americans today is the $1 trillion-plus owed for education. It halts careers and even the forming of new families. Money that might pay for children instead goes to student loan debt that can rise well aboe $100,000. See all stories on this topic » |
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Temporary Debt Limit Extension Passed, is Osama Bin Laden ... By Ed Krayewski Said back in 2004 he intended to force America into bankruptcy. Reason.com Full Feed | ||
Senate Debt Ceiling Vote - Business Insider By Brett LoGiurato The debt-ceiling bill is that it is not technically a clean hike in the nation's debt limit. It's a suspension of the debt ceiling for a certain time period. On May 19, the debt limit will be raised by an amount "necessary to fund commitment incurred by ... Business Insider | ||
Debt Ceiling Extension Passes Senate, Bill Heads to Obama's Desk ... By Becket Adams WASHINGTON (TheBlaze/AP) -- Congress sent President Barack Obama legislation on Thursday authorizing a three-month increase in the nation's debt limit. The measure cleared the Senate on a vote of 64-34 after winning House approval ... TheBlaze.com - Stories | ||
Senate approves debt ceiling extension - Marine Corps Times By Staff writer The Senate agreed Thursday to a short-term extension in government borrowing power while rejecting an amendment that would have guaranteed military paychecks even if the government runs out of money. Marine Corps Times - News | ||
Congress postpones 'debt ceiling' deadline | The Raw Story By Agence France-Presse The US Congress on Thursday suspended the country's debt ceiling until May, giving lawmakers three months for high-stakes budget negotiations and averting a potentially catastrophic default. The Senate voted 64 to 34 in favour of the bill, ... The Raw Story | ||
DNC Debt Totals $21 Million At Start Of 2013; Obama Campaign ... By The Huffington Post News Editors WASHINGTON -- After running the most expensive campaign in U.S. political history, President Barack Obama's reelection team and the Democratic National Committee are going to have to settle their debts. Both Obama for America and the ... The Huffington Post | Full News Feed | ||
Senate passes legislation to hike debt ceiling | The Daily Caller By Associated Press 'Every single American would feel the economic impact' The Daily Caller | ||
Frozen Generation: US Youth Immobilized by Student Debt | Via ... By Walter Russell Mead Frozen Generation: US Youth Immobilized by Student Debt. On Wednesday TransUnion LLC released an alarming report confirming one of our greatest fears: one-third of all student loans are going to subprime borrowers, and many of these ... Via Meadia | ||
Oklahoma Senators Vote Against Bill To Raise Debt Ceiling ... By NewsOn6.com H.R. 325 passed the Senate 64-33. It will increase the federal government's debt limit through May 19, 2013. Both Oklahoma Senators voted against it. NEWS ON 6 - News | ||
Sens. Cornyn, Cruz vote against debt ceiling bill | Trail Blazers Blog By Alexandria Baca Sen. John Coryn at the Texas Public Policy Foundation on Jan. 10 in Austin. (AP/Eric Gay). Updated 5:25 p.m.: Ted Cruz's camp has also issued a statement on his vote against the bill. "Suspending the debt ceiling without significant cuts or ... Trail Blazers Blog | ||
Senate passes debt limit bill, sending it to Obama | MinnPost By Devin Henry WASHINGTON — The Senate passed legislation Thursday ending Congress's debt limit debate for at least a few months, delaying enforcement of the limit on federal borrowing until mid-May and making timely congressional pay contingent on ... The Latest posts on MinnPost | ||
Brian Williams Thinks Raising the Debt Ceiling Means Increasing ... By Beverly Mann Big mistake. Because now I'm really confused. I was pretty darn sure until then that "raising the debt ceiling" meant allowing the Treasury Department to pay financial obligations already incurred, such as interest on bonds, Medicare payments, ... Angry Bear | ||
Why Any Debt-to-GDP Projection for the U.S. Is Too Low | Tim ... By Tim Iacono Per the CBO's latest report from last summer, it seems that government economists have been rather optimistic about the nation's growth track (see Debt-to-GDP and Misdiagnosing a Bubble Economy's Ills from last week for reasons why) and ... Financial Sense |
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The Debt Deniers' Fantasy | Michael D. Tanner | Cato Institute Prominent liberals are now insisting that we face no debt problem at all. www.cato.org/publications/commentary/debt-deniers-fantasy | ||
Public debt skyrockets, while private debt plunges? | AEIdeas The public policy blog of the American Enterprise Institute. www.aei-ideas.org/.../public-debt-skyrockets-while-private-de... | ||
Take The Guesswork Out Of Debt Collection | Bankrate.com Debt collection agencies may not be the best communicators. Here's how to verify you have the right one. www.bankrate.com/.../take-guesswork-out-of-debt-collection.a... | ||
The Debt Ceiling Confrontation Is Playing With Fire | The Baseline ... By Simon Johnson Congressional Republicans are again threatening not to increase the ceiling on the amount of federal government debt that can be issued . baselinescenario.com/.../the-debt-ceiling-confrontation-is-playi... |
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