Street: California debt can drag down US credit rating – Orange …

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 …

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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