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CNNMoney

China has a huge debt problem. How bad is it?
CNNMoney
That spending spree has resulted in a domestic debt hangover, particularly among some of the country's bloated and inefficient state-owned companies. Corporate debt in China soared to around 170% of GDP in 2016, roughly double the average of other ...
Why China's Growing Debt Load Worries the WorldNew York Times
China's Downgrade Could Lead to a Mountain of DebtBloomberg
China's debt mountain: Should we worry?BBC News
USA TODAY -Reuters -Forbes -Moodys.com
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News Chief

Ryan: Lawmakers will meet new debt deadline
News Chief
WASHINGTON — 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. Ryan said Thursday that “the debt ceiling ...
Congress faces debt limit vote sooner than expected as revenue slowsUSA TODAY

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NBCNews.com

Trump Needles NATO Allies on Debt, Raising Eyebrows at 9/11 Ceremony
NBCNews.com
BRUSSELS — President Donald Trump slammed fellow NATO leaders for not meeting financial obligations in a public broadside Thursday that surprised seasoned observers. Some world leaders appeared surprised or bemused as the president said 23 of ...

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New York Times

China's Addiction to Debt Now Threatens Its Growth
New York Times
A major credit rating agency sounded the alarm on Wednesday, saying the steady buildup of debt would erode China's financial strength in the years ahead. The agency, Moody's Investors Service, cut the country's debt rating, its first downgrade for the ...



Reuters

China's reforms not enough to arrest rising debt, another downgrade possible: Moody's
Reuters
Moody's believes that the reforms may slow the pace at which debt is building up, but China's debt will not drop dramatically and it will not be enough to arrest rising debt, Diron said. Diron, associate managing director of Moody's Sovereign Risk ...
Why China's Rise Is Built on Debt (And the Bill Keeps Getting Bigger)The National Interest Online
China's State Media Hits Out at Debt Downgrade With a Buffett QuoteBloomberg
China risks another downgrade if debt bubble not fixed, says Moody'sThe Guardian

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USA TODAY

Student loan scam: Strategic Student Solutions accused of bilking ...
USA TODAY
Strategic Student Solutions is accused of bilking at least $11M from consumers.

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The Hill

Trump admin considers shifting student debt from Education to Treasury: report
The Hill
The Trump administration is considering shifting oversight for more than $1 trillion in student debt to the Treasury from the Education Department, according to a new report. The New York Times reported Thursday that the possible change was revealed in ...

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Chicago Tonight | WTTW

US Household Debt Exceeds Peak Levels of 2008 Recession
Chicago Tonight | WTTW
After nearly a decade, household debt in the U.S. has surpassed its peak levels of the 2008 Great Recession. Total household debt – which incorporates mortgage debt, student loan debt, auto loan debt and other types of debt – reached $12.73 trillion in ...

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BBC News

Sri Lanka: A country trapped in debt
BBC News
China is investing billions of dollars in infrastructure and developments in Sri Lanka, but many local citizens feel the country is being sold to the Chinese. Normally the roads leading to Asian ports are bustling. Trucks loaded with cargo. Small shops ...

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CNBC

A man who paid off $116000 to become debt-free by 30 shares his strategy
CNBC
Derek Sall speaks from experience when it comes to paying off debt: He conquered more than $100,000 worth of loans by the time he turned 30, and he did it not with a windfall but with a spreadsheet. Sall, who chronicles his financial journey on his ...


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