Money Snatchers

This package is designed to reduce debt that is faced by many people during the collapse of the economy. Jobs were lost and bills became harder to pay.

U.S. trucking giant YRC Worldwide said it averted bankruptcy by finally negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and gives the struggling company access to needed credit as it restructures.

Figures on government spending and debt

A peak welfare body says it is expecting demand for financial assistance to surge after the Christmas period, as households struggle with increasing levels of debt.

A peak welfare body says it is expecting demand for financial assistance to surge after the Christmas period, as households struggle with increasing levels of debt.

The scale of new spending could renew investor jitters about the government’s burgeoning debt.

A $290 billion increase in the federal debt ceiling narrowly cleared Congress.

The Senate will act to raise the country’s debt limit on Thursday before closing shop for the year. That’s the plan anyway.

The Senate will act to raise the country’s debt limit on Thursday before closing shop for the year. That’s the plan anyway.

Payment services provider Moneygram International said Monday it notified its debt holders that it plans to make an optional $40 million repayment.