Latest in Somalia’s Debt
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U.S. forgives $4.5 billion in student debt for 60,000 public employees
The Biden administration's latest round of relief should have borrowers learning of their canceled debt in coming weeks.Top stories - CBS News - October 17 -
Intrum seeks U.S. bankruptcy protection to restructure $4.7 billion net debt
Intrum, Europe's biggest debt collector, said on Friday it will file for voluntary Chapter 11 bankruptcy protection in the United States as it seeks to restructure its own finances. The company ...Sports - Yahoo Sports - October 18 -
Spirit Airlines extends debt refinancing deadline hours before expiration
Spirit Airlines on Friday again extended a deadline with its credit card processor to renegotiate more than $1 billion in debt.Business - CNBC - October 18 -
El Salvador commits savings from creative debt refinancing to river conservation
One of Central America’s longest rivers will be the primary beneficiary of El Salvador’s deal to refinance $1 billion of debt with support from the United States government, in the latest example ...World - ABC News - October 18 -
Debt will overshadow IMF gathering as World Bank boss pleads for poorest countries
In Washington, finance ministers will face pressure for action to reduce their own debt and offer more resources to poorer nations. Debt, and why governments need to reduce it, will top the agenda ...World - The Guardian - October 20 -
U.S. and Europe Agree to Finalize $50 Billion Ukraine Loan Backed by Russian Assets
Treasury Secretary Janet L. Yellen said an agreement was close. She also rebuked China’s lending practices and called for more debt relief.Business - The New York Times - October 22 -
Housing, Tariffs and Debt: Four Experts Debate How to Fix the American Economy
One set of writers on the left and another on the right lay out competing visions for what the next president should do.Top stories - The New York Times - October 23 -
Global public debt will hit $100 trillion by year-end, says IMF
The IMF warned of the risks posed by unsustainable public debt levels.Business - CNBC - October 23 -
‘King of debt’ Donald Trump needs to reassure the bond markets — now
Millions of investors are watching the value of their bond funds sag almost daily as concerns about the impact of Trump’s policies on the national debt grow.Business - MarketWatch - October 26 -
Chancellor to change debt rules to release billions for infrastructure spending
Rachel Reeves tells the BBC the change will allow the government to borrow more money - but cuts are still expected in her first Budget next week.Top stories - BBC News - October 25 -
Medical debt is hurting millions of credit reports — but now there’s a cure
Even responsible, prudent people can end up thousands of dollars in debt if they get sick or injured.Business - MarketWatch - October 26 -
Biden unveils new student debt plan for people with financial hardships
President Joe Biden's plans to forgive student debt have hit legal roadblocks. Now a new plan would look to help people experiencing financial hardships.Top stories - CBS News - October 25 -
Bond market braced for rise in UK debt issuance to £300bn this year
Investment banks pencil in second-biggest annual gilt sales figure on record ahead of Labour’s first BudgetBusiness - Financial Times - October 28 -
The real monster this Halloween: Our national debt and a dysfunctional Congress
Congress is facing a potential government shutdown on Dec. 20 due to its reliance on continuing resolutions and bloated omnibus bills, and is being urged to address the monster of reckless spending.Politics - The Hill - October 28 -
Former British colonies owe ‘debt of gratitude’, says Robert Jenrick
Tory leadership candidate wades into reparations debate, arguing empire brought democratic institutions. UK politics live – latest updates Britain’s former colonies should be thankful for the ...World - The Guardian - October 29 -
S&P downgrades Thames Water debt further into ‘junk’ territory
Decision comes after troubled UK utility reached tentative deal on £3bn of emergency financingBusiness - Financial Times - October 29 -
They're middle class and insured, yet childbirth left them with crippling debt
Some middle-class families with private insurance face a risk of medical debt after childbirth. The group has been left behind by recent health care reforms.Top stories - NBC News - October 30 -
How long can delinquent credit card debt be collected?
The timeline for collecting late credit card debt may surprise you. Here's how long debt collectors can pursue it.Top stories - CBS News - October 30 -
How to have your credit card debt forgiven this November
Need to have your credit card debt forgiven? There are a few ways to pursue this type of debt relief now.Top stories - CBS News - October 30 -
Poor nations are choking on debt — we must grasp the solutions
Political instability and meagre investment hobble large parts of the worldBusiness - Financial Times - 5 days ago -
3 important credit card debt relief moves to make this November
Dealing with credit card debt issues? You may want to take these steps toward debt relief this month.Top stories - CBS News - 5 days ago -
7 credit card fees that increase the cost of your debt
Interest charges aren't the only things that can cause your credit card debt to balloon. These fees can, too.Top stories - CBS News - 5 days ago -
Can a 10-year-old credit card debt still be collected?
It's common for debt collectors to pursue old debts, but do you still owe the money? Here's what to know.Top stories - CBS News - 2 days ago -
Southern Water at risk of debt default in event of further credit downgrades
Bond issue documentation shows UK utility under pressure over high financing costsBusiness - Financial Times - Yesterday -
Can a 7-year-old credit card debt still be collected?
Credit card debt this old could still be collected on — but only in certain circumstances. Here's what to know.Top stories - CBS News - 9 hours ago -
What happens when a credit card charge-off is sold to a debt collector?
Has your charged-off debt been sold to a debt collector? Here's what you can expect to happen next.Top stories - CBS News - 8 hours 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 -
Boeing’s Woes Mount, as Debt, Minimal Income, and a Hardening Strike Risk Bankrupting Company
Boeing announces layoffs and aircraft delays to cut costs, even as it continues racking up billions in losses from a month-long strike becoming more bitter each day.Business - Inc. - 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