There is no debt ceiling crisis, at least for now
As Washington policymakers battle over President Donald Trump's cornerstone economic initiatives, they won't have to worry about the U.S. becoming a global deadbeat — yet. The debt ceiling deadline came and went earlier this month with little of the ...
How China's Bank Behemoths Make Money on the Debt War
The key money-market rate spiked to its highest level since 2015 last week, spurring the People's Bank of China to inject hundreds of billions of yuan into the financial system as small banks were said to have failed to make debt payments in the ...
Man guilty of murder in gambling debt case - Cincinnati Enquirer
A 39-year-old Forest Park man was found guilty late Monday of killing a man he worked for, in an incident prosecutors said stemmed from gambling debts.
UK debt charity says demand for help hits record high
LONDON (Reuters) - The number of people seeking help from a leading British debt advice service hit a record high last year, reflecting a surge in borrowing by consumers and the financial strains on younger workers, the charity said on Tuesday. Last ...
South Korea's new president will have an astronomical level of household debt to deal with
One of the legacies of the recently-ended Park Geun-hye administration in South Korea is an explosion in household borrowing as Koreans took out loans at a record pace for homes, education, and to start small businesses. “This year, household debt risk ...
The Black Debt Problem
On March 3, the Radcliffe Institute for Advanced Study hosted a conference “to explore the relationship between slavery and universities.” During the conference, University President Drew G. Faust and journalist Ta-Nehisi Coates discussed the prospect ...
Pension debt triggers NJ's 11th credit downgrade under Christie
TRENTON -- Moody's Investors Service downgraded New Jersey's credit rating Monday over concerns with the state's growing pension debt, low cash reserves and an economy that's growing only "moderately." Moody's action marks the record 11th time a ...
Inside Higher Ed
The State of Personal Finance, Faculty-Staff Edition
Inside Higher Ed
A majority of professors fear they could outlive their retirement savings, while administrative employees are more concerned about shorter-term issues: paying off debt and meeting their monthly household expenses. Those are among the results of a new ...
The sagacity of Ross Perot
Exhibit A is the national debt, which reached $20 trillion this year — or $164,000 for every income taxpayer in the country. Because politicians don't have a plan to address this issue that satisfies most of their constituency, they operate as if it ...
Deutsche Bank in Bind Over How to Modify $300 Million Trump Debt ...
A small detail in Deutsche Bank AG's loans to Donald Trump's real-estate business has turned into a headache at the bank, as its effort has stalled to restructure ...