Money Snatchers

President Obama’s proposed budget would add more than $9.7 trillion to the national debt over the next decade, congressional budget analysts said Friday.

Greek Prime Minister George Papandreou confronted more anti-austerity protests Thursday and tested international support for his battle against debt with a new multi-billion-euro bond.

The Crow Creek Sioux Tribe has settled its tax debt with the IRS and lined up a loan that will enable it to buy back the 11 square miles of land the IRS sold at auction in December, the tribal chairman said.

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.

It’s bad enough that Greece’s debt problems have rattled global financial markets. In the world’s largest economic and military power, there’s a far more serious debt dilemma.

Greece’s economy shrank more than feared last quarter and the government on Friday sharply revised down its figures for the previous three quarters as well, increasing doubts about its ability to resolve its debt crisis.

The latest turn in the global financial crisis has ensnared the debt of some European nations. The fact that these nations are members of a monetary union has generated much confused comment. Here one the world’s leading experts on …

Europe’s deepening debt crisis leapt to the top of the agenda of a meeting of G7 rich country finance leaders in the Canadian Arctic on Friday amid fears that Greece’s fiscal sickness was spreading.

A judge in Las Vegas has found Michael Jackson’s former doctor in default on a nearly $132,000 debt related to office medical equipment and services.

The boom in the high-yield debt markets has bought time and breathing space for companies needing extra financial flexibility. But that has come at a cost, according to the latest annual report by Moody’s Investors Service: more than $700 billion will come due between 2012 and 2014.