Harris Ends Billion Dollar Campaign $20 Million in Debt, Staffers Not Paid, Trump Offers Assistance
WASHINGTON — Vice President Kamala Harris’s campaign is reportedly facing a debt of approximately $20 million following the recent election, with campaign insiders suggesting the amount could rise as outstanding invoices continue…
Russian central bank raises limit on banks’ outstanding debt under repo to $50 billion
MOSCOW – The Russian central bank on Thursday said it was raising the ceiling for banks’ outstanding debt under repo auctions to $50 billion from $15 billion as part of measures to…
U.S. corporate debt drops amid global markets selloff
NEW YORK – The prices of a major junk bond ETF fell on Thursday as investors pulled out of riskier assets amid a widespread selloff in global markets sparked by Russia’s invasion…
Swedish Debt Office says bigger surplus reduces borrowing needs
STOCKHOLM – Sweden’s Debt Office said on Thursday that strong growth would lead to better government finances and lower the borrowing requirement meaning it would cut the supply of government debt. “The…
‘Contrarian’ quant giant Dimensional focuses on U.S. curve short end, corporate debt
By Davide Barbuscia NEW YORK – Dimensional Fund Advisors, a pioneer of quantitative investment with $680 billion in assets under management, has increased exposure to the short end of the U.S. Treasury…
New Russia debt sanctions to have “limited implications” for bond holders – JPMorgan
LONDON – JPMorgan’s emerging market strategists said on Wednesday that new U.S. sanctions on Russian sovereign debt announced this week were likely to have limited implications for the international investors that already…
China’s Zhenro Properties slumps after debt warning
By Clare Jim and Andrew Galbraith HONG KONG/SHANGHAI -Shares and international bonds of Zhenro Properties slumped further on Monday after it said existing internal resources might be insufficient to repay debt due…
Biden Admin To Cancel $415 Million In Student Loan Debt For Roughly 16,000 People
The Biden administration announced Wednesday it will cancel $415 million in student debt for nearly 16,000 borrowers who claim they were misled by for-profit colleges. The loans for almost 16,000 former students…
Italy makes fresh attempt at pension reform as debt worries mount
By Giuseppe Fonte and Gavin Jones ROME – Italy is working on a reform to make it easier for workers to retire early without bloating what is already Europe’s second highest pensions…
Turkey gets $3 billion in first dollar debt sale since lira crash
By Yousef Saba DUBAI -Turkey sold $3 billion in Islamic bonds on Wednesday, in its first U.S. dollar-denominated debt sale since September, before unorthodox rate-cutting despite high inflation sent the lira into…
Governments to see biggest inflation-driven drop in debt ratios in over 20 years – Fitch
LONDON – Governments will benefit from the biggest inflation-driven drop in debt ratios in over 20 years, credit rating firm Fitch said on Wednesday, estimating it will slice around 5 percentage points…
IMF says wants G20 support to strengthen debt restructuring framework
WASHINGTON – The International Monetary Fund said on Thursday it is hoping that G20 finance leaders next week can advance proposals to strengthen a debt restructuring framework for poor countries as default…
Sugar group Tereos posts higher earnings, debt stable
PARIS -French sugar and ethanol group Tereos on Wednesday reported a jump in third-quarter core earnings as high prices helped offset a poor harvest in Brazil. Tereos, the world’s second largest sugar…
‘No to the IMF’: thousands protest in Argentina against debt deal
By Miguel Lo Bianco and Horacio Soria BUENOS AIRES – Thousands of Argentines marched through the streets of Buenos Aires on Tuesday to protest against a likely deal with the International Monetary…
U.S. household debt increased by $1 trillion in 2021, the most since 2007
By Jonnelle Marte – U.S. consumer debt loads grew in 2021 by the largest amount in 14 years as people ramped up borrowing to afford homes, cars and other goods that are…
Analysis-Investors brace for more weakness in U.S. corporate debt
By Davide Barbuscia NEW YORK – Investors are preparing for more downside in U.S. credit markets, as bets that the Federal Reserve will become more aggressive than previously expected threaten to further…
U.S. Senate Democrats press JPMorgan for details on debt collection practices
By Pete Schroeder WASHINGTON -Senior Democrats in the U.S. Senate are pressing JPMorgan Chase & Co for details on how they take overdue credit card borrowers to court. In a letter sent…
Scutari touts $3 billion debt payment
From the desk of Senate President Nick Scutari Trenton – Senate President Nick Scutari issued the following statement welcoming the state savings produced by the “New Jersey Debt Defeasance and Prevention Fund” that…
Sarlo says New Jersey plan to pay down $3 billion in debt a critical investment into pension system
From the desk of Paul Sarlo Trenton – Senate Budget Chair Paul Sarlo today said Treasury’s plan to pay down $3 billion in high-interest debt underscores the importance of the Legislature’s insistence on…
Ecuador sees trade deal with China at end of year, debt talks to begin
By Alexandra Valencia QUITO – Ecuador expects to pull together a trade deal with China at the end of this year and will begin formal debt re-negotiations with the Asian country, Ecuadorean…
Brazil sees 2022 public debt as high as 6.4 tln reais, more floating rate debt
BRASILIA -Brazil’s outstanding public debt is expected to increase this year to a range between 6 trillion reais and 6.4 trillion reais, a rise of up to 14% on last year’s 5.614…
Debt dispute probably sparked killing of two Canadians in Mexico
MEXICO CITY -The killing last week at a hotel near Cancun of two Canadians with criminal records was likely sparked by a debt dispute linked to international criminal activities, Mexican state prosecutors…
Maryland Governor announces $9 million student loan debt tax credit
ANNAPOLIS, MD—Governor Larry Hogan today announced nearly $9 million in tax credits to more than 9,000 Maryland residents with student loan debt, awarded by the Maryland Higher Education Commission (MHEC). To date,…
Poor nations pay highest debt service in 20 years -campaigners
JOHANNESBURG – Developing countries are paying more to service their debt than at any other time in the past two decades, with a heavier burden on the horizon if the United States…
Many US Shoppers Racked Up Debt This Holiday Season
Many U.S. consumers racked up debt this holiday season, and most of them won’t be able to pay it off immediately, according to a report published Wednesday. Around 36% of consumers went…
Senate Democrats Vote To Lift Debt Ceiling By $2.5 Trillion
Senate Democrats Tuesday afternoon cleared a measure to lift the debt ceiling by $2.5 trillion, staving off a default through the 2022 midterms after months of partisan grandstanding over the critical issue…
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