India’s dynamic economy set to grow even more – Goldman Sachs
India’s measures to improve the recovery of bad loans and a recapitalization plan equivalent to 1.1 percent of GDP will lower costs for lenders and...
Posts Tagged: "Debt"
North Korea becomes largest debtor to Sweden, owing $300+ million
Pyongyang has a weird and now record debt to the Scandinavian nation, which has hit 2.8 billion Swedish...
Global sovereign debt to peak at $50,000,000,000,000 this year
Ratings agency S&P Global said governments are continuing to run up huge debt levels and will borrow an...
U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit
The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to...
1 in 5 US children live below poverty line, more than during Great Recession
Around 22 percent of American children lived below the federal poverty line in 2013, up from 18 percent...
Greece has no money to make IMF payment, interior minister says
Greece will not be able to make next tranche of debt repayment to the International Monetary Fund (IMF),...
It Is Mathematically Impossible to Pay off All of Our Debt
Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to...
Graduating Class of 2015 Most Debt Burdened in History
(Transcript) - Americans owe $1.3 trillion in student loans, with $43 million people, young, old, and everyone in...
Dept. of Homeland Security shutdown looms, would idle 15% of workforce
In a move that could have ramifications for domestic anti-terrorism efforts, US House Speaker John Boehner said he...
Total US debt soars to nearly $60 trn, foreshadows new recession
America - its government, businesses, and people - are nearly $60 trillion in debt, according to the latest...
Pennsylvania widow who lost $280,000 house over $6.30 tax debt loses appeal
A county court in Pennsylvania ruled against a widow who lost her house over a $6.30 late fee. The property was sold for $116,000 to...
Student loan debts top $1 trln in US
The student loan industry is booming, saddling over 37 million college students and graduates with $1.08 trillion in...
China accumulates record amount of US debt
China boosted its holdings of US Treasury debt by $12.2 billion in November, enough to pass record levels...
A Tyrant’s Dream: Congress Cedes Control Of Federal Debt
By BETSY MCCAUGHEY The bargain rushed through Congress on Wednesday night clobbers the U.S. Constitution. It shifts control over the debt ceiling from Congress to...
Foodstamp Program Shutdown Imminent?
When over the weekend, a Xerox "glitch" shut down the EBT system, better known as foodstamps, for nearly...
Plan B: Central banks getting ready for financial Armageddon
If the US debt-ceiling debate goes past the eleventh hour, and the default of the world’s largest economy...
Cash-for-Castles: Italy sells off historic sites to plug budget holes
A Grand Inquisitor’s villa, a Pope’s fort and a Venetian island will be sold off to fill Italy’s depleted state coffers, local media reports. It’s...
Key creditor China begins acting to hedge against US default
Hong Kong has sent the first sign from Asia that the region is creating extra financial buffers against...
China urges US to avoid bankruptcy
As the Government shutdown in the US enters its second week, the country is just 10-days away from...
Debt doomsayer: Treasury forecasts ‘back to 2008 recession or worse’ if US defaults
The US government default caused by the ongoing budget standoff in the Congress could have a "catastrophic” effect...
New record: Federal Reserve owes more than $2 trillion in US debt
The United States Federal Reserve has set a new record, but it’s not one exactly worth celebrating. For the first time ever, the Fed owns...
US blows out $16.7 trillion debt limit
The US Treasury has already exceeded the federal legal borrowing limit of $16.7 trillion in May. That signals...
Air Force lifts order to ground combat aircraft
The US Air Force has announced that many of its combat aircraft, including bombers and fighters, will start...
Detroit rock bottom: City announces $2.5bn debt default
Detroit said it will stop making payment on $2.5 billion of the city’s massive $18.5 billion debt and has asked creditors to accept 10 cents...