Money Snatchers

China remained the top holder in the ballooning US debt last year, revised data showed, after earlier indications it had been eclipsed by Japan drew speculation about Beijing’s motives.

Secretary of State Hillary Clinton took a swipe at Alan Greenspan today, saying the former Federal Reserve chair’s “outrageous” advice led to a ballooning national debt that Clinton said is now a threat to national security.

Secretary of State Hillary Clinton warned Thursday that the record US budget deficit and national debt are matters of national security rather than just economics.

Credit ratings agency Fitch Ratings said Tuesday it upgraded ArvinMeritor’s main debt after the auto parts supplier announced plans to raise money through the sale of debt and stock to the public.

Even hedge funds without direct exposure to Greece have been insulating their portfolios against collateral damage in the currency or credit markets, as concerns over Greece’s ability to service its heavy debt have grown.

President Obama recently signed into law a $787 billion stimulus package on top of Bush’s grossly mismanaged $700 billion TARP bailout from last September. Several weeks ago, the Federal Reserve basically printed an additional …

Private equity giant Blackstone Group has come to an agreement to restructure its Hilton hotels chain debt, a source familiar with the situation said on Friday.

The Greek press has started naming names as it looks for the culprits betting against its debt and the euro, and its accusation has been taken up by the blogosphere.

Feb. 18 — President Barack Obama signed an executive order creating an 18-member bipartisan panel to recommend steps to reduce record debt and deficits that he said threaten to “hobble our economy.”

3rd UPDATE:Fed’s Hoenig: Rising US Debt May Bring Next Crisis