Debt cap row threatens confidence in US: Bernanke
Posted on June 14, 2011 by
Failure to raise the US debt ceiling in a timely manner could sink investors’ confidence in the economy, Federal Reserve chief Ben Bernanke warned Tuesday.
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The Truth About the Debt Ceiling – Reason Magazine
Posted 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 ReadingStudent loan debt now surpasses credit card debt in the US
Posted on September 8, 2010 by
Student loan debt has exceeded the nation’s credit card debt, according to the Federal Reserve’s G.19 Consumer Credit June report. and nbsp; Student debt has reached more than $830 billion and mdash; $665 billion from federal student loans an…
Continue ReadingDebt-relief companies getting new FTC rules
Posted on August 29, 2010 by
New rules for debt companies Ever been ripped off by a debt settlement company? Good news: The Federal Trade Commission has issued new rules that will crack down on that industry’s worst practices soon.
Continue ReadingTaxVox: the Tax Policy Center blog :: Flaky Debt Reduction
Posted on June 30, 2010 by
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 …
Continue ReadingHillary Blasts Greenspan on Debt, Says It Is a Threat to National …
Posted on February 25, 2010 by
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.
Continue ReadingForgive Student Loan Debt To Stimulate the Economy
Posted on February 20, 2010 by
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 …
Continue ReadingSenate lifts debt ceiling by $290B – - POLITICO.com
Posted on December 24, 2009 by
A $290 billion increase in the federal debt ceiling narrowly cleared Congress.
Continue ReadingIn Germany, a Nostalgia for … Securitized Debt
Posted on November 9, 2009 by
German banks are trying to resuscitate securitized debt to get the credit markets moving again, according to a paper from the Federal Association of German Banks, which includes Deutsche Bank and Commerzbank , the country’s largest lenders.
Continue ReadingIn Germany, a Nostalgia for … Securitized Debt – DealBook Blog …
Posted on November 9, 2009 by
German banks are trying to resuscitate securitized debt to get the credit markets moving again, according to a paper from the Federal Association of German Banks obtained by DealBook.
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