Posted on February 16, 2011 by
Talk about not mincing words. Democrat Kent Conrad, the Senate budget chairman, laid bare his extreme frustration with President Obama’s 2012 budget request this week.
Continue ReadingPosted on February 3, 2011 by
The statutory debt limit, or debt ceiling, was designed to control congressional spending by limiting the amount of debt the federal government could accumulate. Clearly, it has not fulfilled its legislative purpose
Continue ReadingPosted on February 2, 2011 by
Interest payments on the national debt could total $5.5 trillion over the next decade, or about 79% of the new debt estimated to accrue between 2012 and 2021.
Continue ReadingPosted on January 28, 2011 by
Thirty-five debt management companies have had to surrender their licences to the Office of Fair Trading.
Continue ReadingPosted on January 26, 2011 by
Distressed-debt investors plan to focus more on riskier, equity-linked securities as a “bubble” in the leveraged-loan and junk-bond markets is poised to burst as soon as this year, according to a survey of 100 asset managers and traders.
Continue ReadingPosted on January 19, 2011 by
In the process of doubling global debt , there may ‘even’ be “hotspots” – here are the key regions and the primary drivers for debt growth: retail segment credit, wholesale segment credit, and of course, government segment: …
Continue ReadingPosted on January 18, 2011 by
The recession’s repercussions are still felt in Europe, as two more countries may have financial crises.
Continue ReadingPosted on January 15, 2011 by
For many people, tackling debt is a New Year’s resolution. If that’s your 2011 goal, I’d like to share some advice and help from people and tools that can help motivate you.
Continue ReadingPosted on January 13, 2011 by
— The intensifying European debt crisis appeared to take a step back from the brink on Wednesday when besieged Portugal was able to sell more than €1.2bn in long-term debt at much lower than expected interest rates.
Continue ReadingPosted on January 10, 2011 by
Without changing the tax-cut policy, which does not match government spending cuts, the demand for raising the debt ceiling will automatically increase.
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