Money Snatchers

On the day when the Congressional Budget Office projected that the federal debt could reach 185 percent of Gross Domestic Product by 2035, consider a bill introduced by two Arizona lawmakers, Senator John McCain and Representative Jeff …

Fears of debt default by floundering European economies pose a key risk to the banking system, the Bank of England warned today. Related Stories Proof that public image means nothing to bankers IMF: Long road back for Republic Builders urged not to waste clean soil First quarter car sales ‘buoyant’ BP shares plunge to low as oil spill cost hits £1.6bn

Well good for them! The Weinstein Company has reached a full restructuring agreement in which insurance company Ambac will pay of $115 million of their debt to Goldman Sachs and Assured Guaranty. …

Debt settlement companies draw regulatory scrutiny

X-debt, a trading name of Debts Solved Limited is consistently ranking in the top 10 for approved Individual Voluntary Arrangements in the UK, according to data from The Insolvency Exchange.

EU debt markets remain under stress after reports Spain is in secret talks for a support package of up to 250bn, the largest rescue in history.

About 46% of those surveyed say they’re suffering from debt-related stress, and half of that group described their stress as “great deal” or “quite a bit.” On the other hand, about 53% say they feel little or no stress at all.

Debt collectors know what buttons to push, so if you’ve never dealt with them before, you may agree to a repayment plan that you can’t afford

The economy trudges ahead yet debt dogs many Americans, stressing them out even as they firm up their own financial foundations.

Greece will not restructure its debt and will not need more cuts to achieve fiscal targets set in the emergency funding programme it agreed with the European Union and the IMF, its finance minister told a Sunday paper.