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The Journal News | LoHud.com

NYers: State debt is $3116 per person
The Journal News | LoHud.com
ALBANY -- New York's state-funded debt is the second highest in the country, according to a report Thursday. State Comptroller Thomas DiNapoli warned in the report that New York's growing debt could have long term impacts on the state -- which faces a ...
NY comptroller: Total state debt second-highest in US — and growingAuburn Citizen (blog)
Warning of swollen state debt, DiNapoli proposes reformsAlbany Times Union (blog)
New York's debt is second highest in nation and the state's borrowing habits must change, controller cautionsNew York Daily News
Buffalo Business First -Buffalo News
all 10 news articles »


Los Angeles Times

California sues Trump administration over Corinthian students' unresolved debt relief claims
Los Angeles Times
The federal Department of Education is refusing to process debt relief claims from tens of thousands of students who had federal loans to attend Corinthian Colleges schools, California's attorney general said Thursday in the latest lawsuit against the ...
Debt Relief For Defrauded Students Has Stalled, Inspector General ...FRONTLINE
California Sues DeVos, Trump Administration Over Corinthian Student Debt ClaimsCBS San Francisco Bay Area
California sues DeVos over debt relief for defrauded students | TheHillThe Hill
NBC Bay Area -Salon
all 38 news articles »


Bloomberg

Africa Needs a Commodity-Price Surge to Avert Debt Crunch
Bloomberg
Nigerian debt-sale plans will more than double its outstanding U.S.-currency bonds to about $9 billion. That will add to issuances by South Africa, Ghana, Senegal, Ivory Coast and Gabon. Policy uncertainty in South Africa and Nigeria, the region's ...



Forbes

When Will Japan's Debt Crisis Implode?
Forbes
Once the stock market crashed and equity prices dropped, banks and insurance companies were left with lots of bad debt. The Japanese government and central bank supported these organizations by bailing them out and providing low-interest credit. Thus ...



Bloomberg

Lin-Manuel Miranda Calls for Puerto Rico's Debt Forgiveness
Bloomberg
The creator and star of the Broadway hit "Hamilton," about the first U.S. Treasury Secretary Alexander Hamilton, said Thursday in a Washington Post opinion piece that the island's bondholders shouldn't seek repayment. The commonwealth fell into ...

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Seeking Alpha

What Leadership Looks Like: 3 Politicians Who Actually Handled Budgets, Taxes And Debt Crises
Seeking Alpha
The world is awash in debt, with total cumulative new debt added on since 2008 an unbelievable $74 trillion compared to global GDP of $78 trillion. The global total debt/GDP ratio is now about 325%; developed markets never deleveraged, and emerging ...



Politico

Are tax cuts worth adding $1 trillion in debt?
Politico
They never have,” said Holtz-Eakin, president of the conservative think tank American Action Forum, in the latest edition of the POLITICO Money podcast. “But the growth is really important.” Holtz-Eakin said he was disappointed by the Treasury ...



New York Times

China Names and Shames Tech Tycoon With Debt Blacklist
New York Times
HONG KONG — At his peak, Jia Yueting was among the brashest and most flamboyant figures on China's frenzied technology scene. He charged into businesses as varied as smartphones, electric cars and sports broadcasting, vowing to challenge giants like ...

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Suppliers to Croatia's Agrokor expect debt-for-equity swap in first offer
Reuters
Vidakovic said the suppliers were interested initially in preserving the Agrokor group through a debt-to-equity swap so that they can later decide on further restructuring steps. The haircut, the loss imposed on the face value of a debt, for the banks ...

and more »


Bloomberg

Bank of Canada Ends Year Stressing Caution Amid Debt, Labor Concerns
Bloomberg
Bank of Canada Governor Stephen Poloz said policy caution and uncertainties around the economic outlook remain prominent in the central bank's thinking, even as an economy running close to capacity increases the likelihood rates will eventually rise ...
CANADA FX DEBT-C$ notches 1-week high as Poloz boosts rate hike betsReuters

all 35 news articles »

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