Connecticut’s general-obligation bonds are riskier than ever as plummeting income-tax collections and a $2.3 billion budget deficit moved all three credit rating companies to downgrade its debt. As Bloomberg details, tax receipts for...Show More Summary
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The operator of two Louisiana state-owned hospitals is again in a dispute with Louisiana State University's medical school over unpaid debts. G.E. Ghali, chancellor of LSU Health Sciences Shreveport, told … Click to Continue »
Broad Equity Market Tone: Advance/Decline Line: Modestly Lower Sector Performance: Mixed Volume: Light Market Leading Stocks: Performing In Line Equity Investor Angst: Volatility(VIX) 9.80 -1.9 % Euro/Yen Carry Return Index 1 29.72 -.87...Show More Summary
The Trump Administration is considering moving oversight for more than $1 trillion in student loan debt from the Department of Education (ED), where it currently resides, to the Treasury Department, The New York Times reports. The possible change was referenced in the resignation memo of James Runcie, which The Times obtained. Show More Summary
Credit scores are confusing. You can pay off your student loans and see your credit score drop. You can add significant credit card debt and see your score soar. It's no wonder there are so many misconceptions about how to build or improve credit.
The IRS may be able to collect delinquent tax debt from a non-liable spouse in some cases. This means that tax debt that was accrued by one spouse on a return filed separately, may still result in collection action being taken on the other spouse. However, the IRS cannot pursue collection from a non-liable spouse […]
Real Housewives of New Jersey felons, Teresa and Joe Giudice, have finally satisfied their massive debt in their federal fraud case. On May 24, Bankruptcy Judge Stacey Meisel, signed off on an order that expunges 13 outstanding debts in the couple’s 2009 bankruptcy case. Those debts include, but are not limited to: North Hudson IVF Fertility Clinic, Joe Mastropole, Jersey […]
The oft-maligned agency's debt will now total $43 billion by 2024, board members warned.
Authored by Michael Snyder via The Economic Collapse blog, Should everyone in America receive a “basic income” directly from the federal government? Considering the fact that we are already 20 trillion dollars in debt, such a concept...Show More Summary
With 179 locations worldwide the cancer treatment firm expects to cut debts and stay open.
The Wall Street Journal (subscription required) reports, “Metropolitan Transportation Authority board members warned of the danger posed by the agency’s rising debt Wednesday [May 24], even as they approved a $2.9 billion capital spending...Show More Summary
Beijing - China's structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at Moody's said. Show More Summary
TransUnion found that many consumers prioritize paying personal loans. That might not be the best strategy.
A program that handles more than $1 trillion in debt for 43 million students is in play, and the head of it has resigned in protest.
House Speaker Paul Ryan promised Thursday that Congress will resolve the issue before the government runs out of money to pay its bills.
After yesterday Goldman mocked Trump's budget (ironic as it was Trump's ex-Goldman Chief Economic Advisor who conceived it) and said it had zero chance of being implemented, today it was JPM's turn to share some purely philosophicalShow More Summary
``With its decision, Moody's essentially recognized that the task of resolving China's debt problems is going to bear more and more heavily on the state and the economy. "The downgrade," the agency explained, "reflects Moody's expectation...Show More Summary
CHINA’S DEBT PROBLEM: Credit rating agency Moody’s downgraded China this week, warning that the country’s financial health is suffering from rising debt and slowing economic growth. It’s the first time the agency has cut China’s rating in nearly three decades. The article is short but makes several relevant points, including the fact that this situation […]
The NYT left this off the list of possible solutions in an artice on China's rapidly growing private sector debt. The basic story is a simple one. Creditors are given an equity stake in a company in exchange for reducing or eliminating the company's debt liability. Show More Summary