Debt cap row threatens confidence in US: Bernanke

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

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

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Student loan debt now surpasses credit card debt in the US

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...

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Debt-relief companies getting new FTC rules

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.

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TaxVox: the Tax Policy Center blog :: Flaky Debt Reduction

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 ...

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Hillary Blasts Greenspan on Debt, Says It Is a Threat to National …

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.

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Forgive Student Loan Debt To Stimulate the Economy

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 ...

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Senate lifts debt ceiling by $290B – - POLITICO.com

A $290 billion increase in the federal debt ceiling narrowly cleared Congress.

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In Germany, a Nostalgia for … Securitized Debt

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.

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In Germany, a Nostalgia for … Securitized Debt – DealBook Blog …

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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