Money Snatchers

IMF chief Dominique Strauss-Kahn said Saturday that state debt will be the “biggest problem” for the world economy in coming years and some countries will need seven years to fix their finances.

IMF chief Dominique Strauss-Kahn said Saturday that state debt will be the “biggest problem” for the world economy in coming years and some countries will need seven years to fix their finances.

The House is expected to vote next week on the $1.9 trillion increase in the debt ceiling, to $14.3 trillion.

Every Senate Democrat voted to raise debt limit to $14.3 trillion.

The IMF and the World Bank announced Tuesday they will support an international debt relief program of 1.6 billion dollars for Afghanistan after the war-ravaged country completed a number of important reforms.

Figures on government spending and debt

Manchester United’s total debt has risen to $1.17 billion.

While the following list should not be construed as a prediction that any given company is either in danger of defaulting on its debt or heading for bankruptcy, high debt levels are a matter of concern for any business. …

Jan. 18 — The cost to borrow in the corporate bond market is rising for the first time since November as Barclays Plc, Lloyds Banking Group Plc and more than a dozen other European banks sell record amounts of fixed-income securities to refinance $2 trillion of debt due this year.

A court-ordered auction of the glitzy decor at New York City’s Tavern on the Green has raised millions of dollars to cover the bankrupt restaurant’s $8 million debt.