Avoiding Government Shutdown: The Debt Ceiling as Unconstitutional

There are those who believe that the debt ceiling is unconstitutional, according to CNN Money. There are some who believe that, if the current impasse in Congress over whether or not to raise the debt ceiling is not resolved and the debt ceiling is not raised by August 2

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Markets applaud European debt crisis package

Markets have cheered a surprisingly broad European package of measures to tackle the government debt crisis that has over the past year threatened the existence of the euro currency.

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FDIC warns on end of giant debt guarantees

GE, Citi, B. of A., J.P. Morgan, Morgan Stanley, Goldman got more than $200 billion in debt guarantees from the government

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Government yard sale could help bring down national debt

With the government more than $14 trillion in debt and the Government Accountability Office warning that the longer Congress waits to raise the debt ceiling the harder it will be for the Treasury Department to keep the government operating, some have suggested Congress take a note from Sanford and Son and start selling the junk it already owns.

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Reprieve granted to debt advisers

Hundreds of specialist debt advisers facing redundancy have won a temporary reprieve after the government found £27m.

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Debt collectors possible for overseas student loans debts

The Government is investigating using debt collectors to recover more from student loan borrowers living overseas.

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Hungary Debt Risk Soars, Forint Tumbles as IMF, EU Halt Talks

The cost to insure debt payments from Hungary jumped the most in six weeks and the forint tumbled after the International Monetary Fund and European Union ended talks with the government without endorsing Prime Minister Viktor Orbans plans to control the budget deficit.

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Debt Is the Ultimate Crisis for the Future

Of course debt is a serious issue for the future. But that's why politicians see no gain in finding solutions in the present.

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UK paper points Greece to Ja’s debt management programme

THE Government's debt management programme received a significant confidence booster last week when the online edition of the influential Times of London held it up as a model for the Greek authorities, even as the newspaper acknowledged that, compared to Jamaica, much more of Greece's sovereign debt is owed by foreigners.

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Irish ‘bad bank’ to buy 81B euros in debt

Ireland's government-backed "bad bank" is taking on 16 billion euros in debt from five troubled Irish banks -- a first step toward buying 81 billion euros in bad loans, the government announced.

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