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Reuters

Drowning in debt, Connecticut faces budget crunch
Reuters
Nearly two months without a budget, Connecticut is getting crushed by a burdensome debt load that has squeezed spending and amplified legislative discord. State lawmakers must agree on a biennial budget soon or else Governor Dannel Malloy's executive ...

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Markets Insider

Congress just got a big warning on how the debt ceiling fight could wreck the US economy
Markets Insider
One of the three big credit rating agencies issued a warning to lawmakers regarding the debt ceiling on Wednesday. Fitch Ratings said in a statement that the AAA rating the US now bears would be in jeopardy if Congress can't get a deal done before the ...
Fitch: US 'AAA' rating at risk if debt ceiling not raisedCNBC
U.S. credit rating at risk if debt limit is not raised in a 'timely manner ...Los Angeles Times
US 'AAA' credit rating in jeopardy without debt ceiling boostThe Hill
U.S. News & World Report -Courthouse News Service -MarketWatch
all 15 news articles »


Bloomberg

Trump Shutdown Threat Complicates Congress's Debt Ceiling Plans
Bloomberg
President Donald Trump's threats to shut down the government in October over border wall funding triggered concerns on Capitol Hill and could complicate Congress's job of raising the debt ceiling. Congress needs to pass a spending measure to keep the ...
Factbox: Trump's government shutdown threat, looming debt ceilingReuters

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New York Times

Student Loan Company Accused of Mismanaging Debt Forgiveness Program
New York Times
One of the country's largest servicers of federal student loans has badly mismanaged debt forgiveness programs for public service workers, significantly raising repayment costs for hundreds of thousands of borrowers, according to a lawsuit filed on ...
Healey alleges loan servicer overcharged student borrowers eligible for debt forgivenessThe Boston Globe
State says loan company mismanaged debt-forgiveness programMinneapolis Star Tribune
Student loan company accused of delaying debt forgiveness for teachers and social workersMarketWatch

all 11 news articles »


Bond Analysts Discuss Circumstances Around A Debt Ceiling Crisis
NPR
ZARROLI: Whether Trump will really carry through on his threat isn't clear, but the president's rhetoric makes an already complicated budget picture even worse. Congress is facing two big deadlines. First, it has to raise the debt ceiling to allow the ...



PBS NewsHour

Growing number of Georgia students have debt but no college degree
PBS NewsHour
The problem is particularly acute for those seeking a bachelor's degree: Median federal loan debt for these Georgia students who withdrew has more than doubled over the last decade at most four-year schools, ranging from $5,500 at the University of ...

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CBS News

4 ways to manage your credit card debt - CBS News
CBS News
With the typical American household juggling $5700 in credit card debt, here are a few techniques for paring back those balances.

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KSDK

Older Americans are getting crushed by debt
KSDK
Carrying high-interest debt can easily erode older Americans' ability to live a quality lifestyle in retirement. On significant problem facing seniors in debt is that debt can make it difficult to tackle the inevitable rising cost of their health care ...

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Utility Sale Could Leave Taxpayers With $4B of Nuclear Debt
U.S. News & World Report
The scuttled expansion of the V.C. Summer Nuclear Station accounts for half of Santee Cooper's total debt of $8 billion. Even if the utility can find a buyer, no company would be willing to acquire that debt, meaning the state would have to pay it ...

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Bloomberg

China's Debt Machine Gets Another Sausage Factory
Bloomberg
Just when China's bad-debt situation was starting to look better, Beijing opens a fresh Pandora's box. Earlier this month, the banking regulator released a consultation paper on allowing commercial lenders to set up asset management companies to carry ...

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