To enhance the offering’s credit worthiness, the State is asking the US Congress to take the unprecedented step of backing the sovereign debt of the State of California with the Full Faith & Credit of the United States. …
Credit Card Debt Continues to Rise for College Students
One of the issues that brought us to the financial crisis we are now experiencing is debt, including (but not exclusive to) credit cards. A recent study shows that college students not only continue to rack up debt, the amount is …
Liberia Slashes Debt with $1.2 billion Buyback at Steep Discount …
MONROVIA, Liberia, April 16, 2009/African Press Organization (APO)/ — Liberia today announced that it had significantly reduced its foreign debt by buying back $1.2 billion in outstanding government debt at a discount of nearly 97 …
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Municipal Debt: The Next Theft – The Market Ticker
As such the correct course of action is to issue fixed-rate term debt securities that fully cover the anticipated amortization of the asset(s) you’re attempting to finance. Nothing else makes economic sense and the “salesmen” from these …
Corporate Debt Bombs Exploding
In just the first three months of 2009, $114 billion of investment grade corporate debt got downgraded to junk. And a lot more is on the way.
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Ben Smith's Blog: Obama and "debt" – POLITICO.com
Ben Smith’s POLITICO.com blog on politics. Includes new political coverage of the White House and elections around the country.
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