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China Moves to Ease Debt Concerns---but Again Holds Off on Stimulus Measures
Investors’ hopes for large-scale support for the economy were dashed after an anticipatory stock-market surge in recent weeks.World - The Wall Street Journal - Yesterday -
China unveils 10tn yuan support for debt-stricken local government
Cash stops short of hoped-for ‘bazooka option’, with critics calling it ‘an accounting exercise’ that will not bolster growth. China has announced 10tn yuan in debt support for local governments ...World - The Guardian - Yesterday -
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 -
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 -
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 -
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 -
Worries about deficit spending after election bog down U.S. government debt
With about two weeks left before the Nov. 5 election, Treasury yields extending their climb from September’s lows on Monday — spurred in part by growing concern about the path of the U.S. deficit ...Business - MarketWatch - October 21 -
‘We have no health insurance’: My wife died, leaving behind a lot of medical debt. Am I responsible?
“Can they take our house?”Business - MarketWatch - October 24 -
Student-loan borrowers facing financial hardship could get debt forgiveness — if Biden’s new plan survives
Student-loan borrowers struggling financially may have a path toward debt relief if the Biden administration gets its way.Business - MarketWatch - October 25 -
Biden's latest student debt plan would create forgiveness path for borrowers facing financial ruin
The Biden administration introduced a proposal to deliver student loan forgiveness to millions of people experiencing devastating financial hardship.Business - CNBC - October 25 -
How can we help stop deadly drug-resistant infections spreading? Debt relief | Glenda Gray
Millions of lives could be saved if the world would only consider more innovative ways to help poorer nations tackle AMR. Drug-resistant infection, already one of the world’s biggest killers, is ...World - The Guardian - October 29