Latest in Risk Debt Default
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By Firing Gallant, Netanyahu Removes One Threat but Risks Another
Yoav Gallant, the departing defense minister, had opposed Prime Minister Benjamin Netanyahu on key policies. His dismissal removes an opponent but has stirred public discontent.World - The New York Times - 21 minutes ago -
China's Ministry of Finance is taking aim at local debt problems before tackling broader economic challenges
In his opening remarks on Saturday, Minister of Finance Lan Fo'an laid out four measures, starting with increasing support for local governments in resolving debt risks.Business - CNBC - October 14 -
‘They are ruining my life’: how the shadowy world of debt collection can wreck your finances
A stranger’s bill can be passed, in your name, down a chain of companies until it reaches the courts without you knowing anything about it. The result can be catastrophic. James Barnett and his ...World - The Guardian - October 14 -
IRS ruling on 401(k) company matches could open doors to pay off debt
A new Internal Revenue Service ruling on 401(k) company matches could change the way employees apply the contributions made by their employers. CBS News senior business and technology correspondent ...Top stories - CBS News - October 14 -
Global public debt to hit $100tn this year, says IMF; Boeing to raise up to $25bn to shore up balance sheet – business live
Rolling coverage of the latest economic and financial news, as IMF warns that future debt levels could be higher than currently projected. Cooling labour market adds to Reeves’s tax-raising ...World - The Guardian - October 15 -
Boeing’s bonds signal view that company has bought time with credit-raters to avoid slide to junk
Boeing Co., under pressure to boost liquidity, filed a $25 billion shelf registration Tuesday to offer equity or debt over the next three years and announced a new credit agreement with lenders.Business - MarketWatch - October 16 -
Wars, debt, climate crisis and Covid have halted anti-poverty fight – World Bank
Setbacks mean UN goal of ending extreme poverty by 2030 is impossible to hit, report finds. Wars, debt, the climate crisis and the pandemic have combined to halt progress in the fight against ...World - The Guardian - October 15 -
Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound
Morgan Stanley rounds off strong earnings seasonBusiness - Financial Times - October 16 -
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Student debt cancelled for 1 million public servants, as other relief remains in limbo
Biden administration touts the milestone while courts are blocking other parts of the White House’s student-loan agendaBusiness - MarketWatch - October 17 -
Biden forgives more student loans: 60,000 borrowers will get notices canceling $4.5 billion in debt
The Biden administration announced on Thursday that it was forgiving another $4.5 billion in student debt for over 60,000 borrowers.Business - CNBC - October 17 -
Biden’s Student Loan Forgiveness Program Has Canceled Debt for Over One Million People
An effort to revive and maximize use of the Public Service Loan Forgiveness program has resulted in student loan forgiveness for over one million people.Top stories - The New York Times - October 17 -
4.8M borrowers, including 1M in public service, have had student debt forgiven, Biden admin says
The Biden administration announced it has provided student debt relief to more than 1 million borrowers who work in public service and 4.8 million borrowers in total.Top stories - NBC News - October 17 -
Trump and Harris would add trillions to the national debt. Here’s why it could lead to higher costs for households.
The combined cost in new debt of former President Donald Trump’s and Vice President Kamala Harris’s tax and spending proposals would dwarf those put forward in previous election cycles, according ...Business - MarketWatch - October 18 -
El Salvador gets $1bn US-backed loan from JPMorgan to refinance debt
Deal linked to promise of river conservation is latest example of increasingly popular ‘debt for nature swaps’World - Financial Times - October 17 -
Have $20,000 in credit card debt? Here's how much a forgiveness plan could cover.
Credit card debt forgiveness can help you dig out of debt. Here's how much of a $20,000 debt a forgiveness plan can cover.Top stories - CBS News - October 17 -
Bondholders could make $14bn from emerging market restructurings, says Debt Justice
Campaign group says debt resolution in countries from Ghana to Ukraine means potential big profits for investorsWorld - Financial Times - October 18 -
China needs stimulus with 'beautiful deleveraging' to avoid debt crisis, says Ray Dalio
China must employ a “beautiful deleveraging” in addition to its recent stimulus measures in order to avoid debt crisis, says Ray Dalio.Business - CNBC - October 18 -
Stuck with $30,000 in credit card debt? Here's how much a forgiveness plan can cover.
A $30,000 debt balance can be debilitating for your finances. Here's how much a forgiveness plan can reduce it by.Top stories - CBS News - October 18 -
As nervous investors worry about the presidential election, public debt is a top concern financial advisors say
The impacts of outstanding U.S. debt could have long-lasting implications beyond the November election, according to new research.Business - CNBC - October 18 -
U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark
The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.Business - CNBC - October 18
