Debt crosses $14 trillion mark
Posted on January 20, 2011 by
The amount of U.S. debt subject to the country’s legal maximum has topped $14 trillion for the first time.
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Debt advisers forecast World Cup aftermath
Posted on July 7, 2010 by
A debt counseling center has voiced concerns that football gambling during the World Cup may leave more people in debt despite a falling-off in cases in the first half of the year.
Continue ReadingUS public debt tops 12 trillion dollars for first time
Posted on November 17, 2009 by
The US public debt topped 12 trillion dollars for the first time in history, Treasury officials disclosed Tuesday, moving past a key barrier that raised hackles in Congress.
Continue ReadingA Hand Up for Students Facing a Mountain of Debt
Posted on August 14, 2009 by
SafeStart aims to reduce the fear of debt that might keep 18-year-olds from borrowing for school in the first place.
Continue ReadingRussia Beats California as Credit-Default Swaps Favor BRIC Debt
Posted on August 7, 2009 by
Aug. 7 — Investor demand for emerging-market bonds is driving the cost of insuring against debt defaults below industrialized governments for the first time.
Continue ReadingGross Reduces U.S. Debt for First Time Since January
Posted on May 11, 2009 by
May 11 — Bill Gross , manager of Pacific Investment Management Co.’s $150 billion Total Return Fund , reduced his holdings of U.S. government debt last month for the first time since January.
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