Latest in Somalia’s Debt
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US cancels $1.1bn of Somalia’s debt in ‘historic’ financial agreement
Commitment by Mogadishu’s largest single lender is latest in series of deals to forgive ‘unsustainable’ $4.5bn debt. Somalia has announced that more than $1.1bn (£860m) of outstanding loans will be ...World - The Guardian - 8 hours ago -
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7 killed in suicide bomber attack at a cafe in Somalia's capital
Police said seven people died and six others were injured after a suicide bomber detonated an unidentified device at a café outside a police training school in Somalia’s capital, MogadishuWorld - ABC News - October 18 -
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Shifting alliances in the Horn of Africa: An Egypt-Eritrea-Somalia axis
Egypt, Eritrea and Somalia have formed a trilateral summit to boost cooperation and maintain territorial integrity, with the big elephant in the room being Ethiopia, as tensions over its activities ...Politics - The Hill - October 28 -
What debt types does debt consolidation cover?
Debt consolidation can be a smart way to cut down on interest charges — but there are limitations to know about.Top stories - CBS News - October 21 -
The great wall of debt
Given the pile of maturing financing, 2025 and 2026 will prove challenging years for investorsBusiness - Financial Times - October 17 -
Will credit card debt forgiveness cover my $40,000 debt?
Getting rid of your credit card debt is important, but is debt forgiveness the right approach? Here's what to know.Top stories - CBS News - October 14 -
Will credit card debt forgiveness cover my $15,000 debt?
If you're trying to tackle $15,000 in credit card debt, it's important to find the right strategy first.Top stories - CBS News - October 15 -
Will credit card debt forgiveness cover my $25,000 debt?
With credit card interest rates high, many borrowers may need forgiveness now. But can it cover $25,000 worth of debt?Top stories - CBS News - October 16 -
Will credit card debt forgiveness cover my $3,000 debt?
Stuck with a $3,000 credit card bill? Here's how to get help now.Top stories - CBS News - October 23 -
Will debt collectors sue over a $3,000 credit card debt?
A $3,000 credit card debt may seem minor, but some debt collectors could still aggressively pursue it. Here's why.Top stories - CBS News - Yesterday -
IMF chief warns of ‘unforgiving’ debt backdrop and low growth
Kristalina Georgieva says governments’ reluctance to rein in spending heightens public finances challengeBusiness - Financial Times - October 17 -
Biden Cancels Another $4.5 Billion in Student Debt
The executive decision will help 60,000 borrowers, bringing the total number of public service workers getting loan forgiveness to more than 1 million.Business - Inc. - October 17 -
Debt rule to change to fund major projects
Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.Top stories - BBC News - October 18 -
Harris and Trump are equally silent on the expanding US debt
The nation is borrowing to finance current consumption rather than to make much-needed long-term investmentsWorld - Financial Times - October 18 -
'Holiday home dream left us crippled with debt'
Families who lost tens of thousands of pounds buying holiday caravans want the industry to change.Top stories - BBC News - October 24 -
Atos Debt Grows as Restructuring Effort Continues
Atos said its debt pile grew in the third quarter as the beleaguered French IT firm seeks to implement a financial restructuring aimed at restoring profitability.Business - The Wall Street Journal - October 24 -
Economist on whether the national debt is cause for concern
The national debt has reached a staggering $35 trillion, yet some economists argue it's not a problem. Stephanie Kelton, author of "The Deficit Myth," joins "CBS Mornings Plus" to explain how ...Top stories - CBS News - October 28 -
How to qualify for a debt consolidation program this November
There could be big benefits to enrolling in a debt consolidation program now, but you'll have to qualify first.Top stories - CBS News - October 29 -
3 reasons to consider debt relief this November
Not sure if your situation warrants the help of a debt relief servicer? Here are three timely reasons why it may.Top stories - CBS News - October 30 -
Is it ever OK to ignore credit card debt collectors?
It can be tempting to ignore debt collectors' aggressive tactics, but it's generally not the best approach to take.Top stories - CBS News - 2 days ago -
‘Positive’ medical debt credit reporting is a Trojan horse
Congress shouldn’t be fooled and let a Trojan horse hurt consumers by nullifying state laws and the CFPB’s effort to get medical debt off credit reports.Politics - The Hill - 10 hours ago -
Have $10,000 in credit card debt? Here's how much debt forgiveness could cover.
Pursuing debt forgiveness could substantially reduce the $10,000 credit card debt you're dealing with. Here's how.Top stories - CBS News - October 21 -
Have $15,000 in credit card debt? Here's what a debt forgiveness plan could cover.
If you're dealing with $15,000 in credit card debt, this type of debt relief could offer a reprieve. Here's how.Top stories - CBS News - October 22 -
Have $7,500 in credit card debt? Here's what debt forgiveness could cover.
Getting rid of $7,500 in credit card debt could be easier with the help of a credit card debt relief program.Top stories - CBS News - October 23 -
Have $25,000 in credit card debt? Here's what debt forgiveness could cover.
The right credit card debt forgiveness program could reduce your $25,000 credit card balance significantly.Top stories - CBS News - October 24 -
Have $50,000 in credit card debt? Here's what debt forgiveness could cover.
With a credit card balance that high, the right debt forgiveness program could help you save a substantial amount.Top stories - CBS News - October 25 -
Have $40,000 in credit card debt? Here's what debt forgiveness could cover.
The right debt forgiveness program could lead to hefty savings on a $40,000 debt. Here's how.Top stories - CBS News - October 29 -
Have $35,000 in credit card debt? Here's what debt forgiveness could cover.
If you're facing $35,000 in credit card debt, debt forgiveness could have a big impact on your balance. Here's how.Top stories - CBS News - 6 days ago -
What will a debt collector do if I can't pay old credit card debt?
There are a few different strategies debt collectors can use when you're unable to pay off what you owe.Top stories - CBS News - Yesterday -
Corporate debts mount as credit funds let borrowers defer payments
Use of payment-in-kind loan terms is growing as companies struggle with heavy leverage and high interest ratesBusiness - Financial Times - October 14 -
3 ways to make your credit card debt cheaper this October
With rates averaging nearly 23%, credit card debt is expensive right now — but there are ways to reduce the costs.Top stories - CBS News - October 14 -
Global public debt to pass $100tn this year, says IMF
Fund calls for tougher action by big economies, with debt set to approach 100% of world GDP by end of decadeBusiness - Financial Times - October 15 -
10-, 30-year U.S. government debt rallies for second day on lower oil and weak manufacturing reading
Long-term Treasury yields fell for a second day on Tuesday as traders reacted to a weaker-than-expected manufacturing reading from the New York Fed and new developments from the Middle East that ...Business - MarketWatch - October 15 -
Boeing seeks to raise up to $25bn through stock and debt offering
Planemaker also enters into $10bn credit agreement in ‘challenging environment’ amid strikes and safety concerns. Boeing is seeking to raise up to $25bn (£19bn) in an attempt to shore up its ...World - The Guardian - October 15 -
Bond investors position for new debt from Goldman Sachs and Morgan Stanley
Bond investors — who have sent spreads on the debt of the big U.S. money-center banks to their tightest levels of the year — are now positioning for new issuance, with Goldman Sachs and Morgan ...Business - MarketWatch - October 16 -
Holiday shoppers plan to spend more while taking on debt this season
Leaning on credit cards, or even buy now, pay later, to purchase holiday gifts will come at a high cost if there are missed or late payments.Business - CNBC - October 16