FAIRPORT, N.Y.—-PAETEC Holding Corp. today announced it has paid down $10 million of its outstanding revolving loan under its credit facility. “With the stabilizing trend in the operating environment and capital markets, we continue to proactively manage our balance sheet by reducing outstanding debt with the excess cash flow generated by operations,” said Arunas Chesonis, PAETEC chairman and …
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Lithuania’s Debt Ratings Cut by Moody’s on Recession (Update3) (Bloomberg)
Sept. 29 (Bloomberg) — Lithuania, mired in the European Union’s deepest recession , had its foreign and local-currency debt ratings cut by Moody’s, which cited “severe pressure” on the budget.
Figures on government spending and debt (AP via Yahoo! Finance)
WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government’s fiscal year runs Oct. 1 through Sept. 30. Total public debt subject to limit August 24 11,660,855 Statutory debt limit 12,104,000 Total public debt outstanding August 24 11,719,061 Operating balance August 24 229,263 Interest fiscal year 2009 thru July 340,464 Interest same period 2009 …
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