#debt

5:48pm, 2nd August, 2019

U.S. bill raising debt ceiling for farm bankruptcies heads to White House

With farm bankruptcies rising and agricultural debt loads soaring, the U.S. Senate has passed a bill that will make it easier for more farmers with larger amounts of debt to file for bankruptcy protection.

Congress approves Trump-backed two-year spending, debt limit deal

2:12pm, 1st August, 2019

Politics

Congress approves Trump-backed two-year spending, debt limit deal

The U.S. Senate on Thursday passed and sent to President Donald Trump a two-year budget deal that would increase federal spending on defense and an array of other domestic programs, significantly adding to rapidly escalating government debt.

Senate plans vote on spending, debt limit deal on Thursday: senators

4:13pm, 31st July, 2019

Politics

Senate plans vote on spending, debt limit deal on Thursday: senators

The U.S. Senate on Thursday aims to pass legislation backed by President Donald Trump that would suspend the limit on federal borrowing for two years while adding billions of dollars in deficit-spending, Republican senators said on Wednesday.

5:22pm, 6th May, 2019

Business

Fed flags high U.S. business debt, asset prices in financial report

U.S. stock prices are "elevated" and business debt is at historic levels, but the financial system overall "appears resilient" with low levels of leverage and less of a destabilizing run in key markets, the Federal Reserve said in its latest report o...

Elizabeth Warren proposes canceling billions in student loan debt

3:24pm, 22nd April, 2019

Politics

Elizabeth Warren proposes canceling billions in student loan debt

U.S. Senator Elizabeth Warren, who is seeking the Democratic nomination for the 2020 presidential election, wants to cancel billions of dollars in student loan debt and make college cheaper for students going forward.

Vogue magazine makes comeback in Greece as debt crisis ebbs

10:02am, 31st March, 2019

Entertainment

Vogue magazine makes comeback in Greece as debt crisis ebbs

Fashion magazine Vogue hit the newsstands in Greece on Sunday, relaunched after a seven-year absence as publishers bet that the country's economic recovery after a debt crisis will revive an appetite for glossy fashion and lifestyle prints.

Puerto Rico debt adjustment plan not 'realistic' in April: official

5:07pm, 18th March, 2019

US

Puerto Rico debt adjustment plan not 'realistic' in April: official

The executive director of Puerto Rico's federally created financial oversight board said on Monday that a plan to restructure the U.S. commonwealth's core government debt likely cannot be done by the end of April.

Senior Republican, eyeing Trump budget, worries about U.S. debt

6:35pm, 13th March, 2019

Politics

Senior Republican, eyeing Trump budget, worries about U.S. debt

A senior Senate Republican gave a lukewarm welcome to U.S. President Donald Trump's 2020 budget plan, complaining on Wednesday that growing debt was taking the country in "an ominous direction."

GE CEO says company needs to reduce debt 'thoughtfully and soon'

7:08pm, 26th February, 2019

Business

GE CEO says company needs to reduce debt 'thoughtfully and soon'

General Electric Co has too much debt and needs to reduce it "thoughtfully and soon", Chief Executive Officer Lawrence Culp said in a letter to shareholders on Tuesday.

Mozambican ex-president's son arrested in $2 billion fraudulent debt case

1:59pm, 17th February, 2019

World

Mozambican ex-president's son arrested in $2 billion fraudulent debt case

Former Mozambican president Armando Guebuza's son was arrested at the weekend in connection with a $2 billion government debt scandal, state-owned media and a judicial source said.

Famed Cullinan mine banks on big diamonds to drive down debt

7:11am, 16th February, 2019

Business

Famed Cullinan mine banks on big diamonds to drive down debt

The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.

PG&E shares, debt rebound as regulator soothes bankruptcy fear

1:57pm, 16th November, 2018

Business

PG&E shares, debt rebound as regulator soothes bankruptcy fear

Shares of embattled utility PG&E Corp surged 37 percent on Friday as fears it could be bankrupted by potential liability from California's deadliest-ever wildfire were assuaged by signs of support from a regulator.

Trump accuses Puerto Rico of using disaster funds for other debt

11:02am, 23rd October, 2018

US

Trump accuses Puerto Rico of using disaster funds for other debt

U.S. President Donald Trump on Tuesday accused Puerto Rico's politicians of using "massive and ridiculously high amounts of hurricane/disaster funding" to pay off other debts, and said he would not allow a bailout with relief money.

Botswana says China agreed to extend loan, cancel debt

11:28am, 8th September, 2018

World

Botswana says China agreed to extend loan, cancel debt

China has agreed to extend a loan to Botswana for rail and road infrastructure as well as writing off some debt, Botswana's President Mokgweetsi Masisi said on Saturday.

U.S. lawmakers mull sanctions on Russian oligarchs, sovereign debt

1:52pm, 6th September, 2018

Politics

U.S. lawmakers mull sanctions on Russian oligarchs, sovereign debt

U.S. lawmakers discussing possible new sanctions on Russia for meddling in U.S. elections and other international actions said on Thursday they may consider measures targeting the country's sovereign debt or wealthy and politically connected bus...

China says its funding helps Africa develop, not stack up debt

4:16am, 4th September, 2018

World

China says its funding helps Africa develop, not stack up debt

China is helping Africa develop, not pile up debt, a top Chinese official said on Tuesday, as the government pushes back against criticism it is loading the continent with an unsustainable burden during a major summit in Beijing.

Despite debt woes, Africa still sees China as best bet for financing

6:58pm, 30th August, 2018

World

Despite debt woes, Africa still sees China as best bet for financing

A wave of African nations looking to restructure debt with China on the eve of a major Beijing summit provides a reality check for the continent, where most countries still view Chinese lending as the best bet to develop their economies.

Trump offered Italy help to fund public debt next year: newspaper

1:59am, 24th August, 2018

World

Trump offered Italy help to fund public debt next year: newspaper

U.S. President Donald Trump told the Italian Prime Minister Giuseppe Conte in a recent meeting in Washington the United States was ready to offer Italy help in funding its public debt next year, Il Corriere della Sera reported on Friday.

Cost to insure Tesla's debt rises on growing default fears

1:07am, 24th July, 2018

Business

Cost to insure Tesla's debt rises on growing default fears

The amount investors must pay to insure their debt holdings in Tesla Inc against declining credit quality rose on Monday to its second-highest price ever, implying the company is at a greater risk of default following a report that sparked concern th...