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November 28, 2021

Debt

Shares of Chinese real estate developer Kaisa pop 20% after debt restructuring plan

CNBC
CNBC – For more and to sign up click here Kaisa Group Holdings Ltd.’s City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating......

More than 1 in 3 U.S. adults carry medical debt, survey finds

CNBC
CNBC – For more and to sign up click here Tijana Simic | iStock | Getty Images Medical debt is a growing burden among Americans, with more than 1 in 3 U.S. adults carrying a balance, according to a 2021 Healthcare.com survey. The findings also revealed that more than 6 in......

Blinken says U.S. investing in Africa without unsustainable debt

Reuters
U.S Secretary of State Antony Blinken speaks with members of the civil society at the U.S. Embassy in Abuja, Nigeria November 19, 2021. Andrew Harnik/Pool via REUTERS Register now for FREE unlimited access to reuters.com Register DAKAR, Nov 20 (Reuters) – U.S. Secretary of State Antony Blinken said on Saturday......

This map shows average student debt balances for 2020 graduates by state

CNBC
CNBC – For more and to sign up click here Student debt balances among 2020 graduates remained at an all-time high. Last year’s borrowing graduates in New Hampshire, Pennsylvania and Delaware owed close to $40,000 for their bachelor’s degree, on average, according to a report by the Institute for College......

Schumer, McConnell turn down the heat on debt limit fight

Politico
Politico.com – For more and to sign up click here It’s also a stark contrast to the standoff earlier this fall, when Schumer and McConnell did not meet. Instead, McConnell initially spoke to moderate Sens. Joe Manchin (D-W.Va.) and Kyrsten Sinema (D-Ariz.) to discuss his proposal for a two-month extension.......

Analysis: Pandemic debt adds to challenge of funding world’s climate goals

Reuters
A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. REUTERS/Kacper Pempel/File Photo World debt hovers just under $300 trillion Possible constraint as climate challenges grow Low-income countries face debt distress risks WASHINGTON, Nov 18 (Reuters) – Huge spending by......

China Evergrande sells entire stake in streaming platform HengTen to ease debt burden

Reuters
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song HONG KONG, Nov 18 (Reuters) – China Evergrande Group (3333.HK) is selling its entire stake in streaming services firm HengTen Network Group (0136.HK) to raise HK$2.13 billion ($273.5......

Sanders vows to oppose defense bill: ‘We need to get our priorities right’

USA TODAY – For more and to sign up click here Jordain Carney Sen. Bernie SandersBernie SandersSen. Patrick Leahy says he won’t seek reelection If voters did give Biden a mandate, it wasn’t to pander to progressives The Hill’s Morning Report – Presented by ExxonMobil – Will Biden’s big bill......

US will be debt to rights if Biden’s Build Back Better passes

NYPost
Carrie Sheffield President Biden’s false claim that his “Build Back Better” spending blowout would cost “zero dollars” just got further exposed for the farce it is. Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free......

Congress could face mid-December debt disaster, Yellen warns

Politico
Politico.com – For more and to sign up click here A gush of corporate tax payments come the middle of next month could make the accounting trick work, filling federal coffers enough to keep Treasury from reaching the absolute breaking point now that the nation has again exhausted its roughly......

Yellen warns lawmakers that the U.S. could breach its debt limit by Dec. 15.

New York Times
WASHINGTON — Treasury Secretary Janet L. Yellen warned lawmakers on Tuesday that the United States would be unable to pay its bills soon after Dec. 15 and urged Congress to take swift action to lift the nation’s borrowing cap. In a letter to Congress, Ms. Yellen said that “there are......

Yellen says U.S. could hit debt limit on Dec. 15, giving Congress more time to strike deal

CNBC
CNBC – For more and to sign up click here Janet Yellen, U.S. Treasury secretary, speaks during an interview at the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, U.S., on Tuesday, Sept. 28, 2021. Amanda Andrade-Rhoades | Bloomberg | Getty Images Treasury Secretary Janet Yellen on......

Struggles for veterans with student debt continue under Biden administration

CNBC
CNBC – For more and to sign up click here An Everest College location in Woodbridge, Virginia. SIPA | AP Cerena Jones served in the U.S. Air Force from 2000 to 2005, and not long after used her G.I. Bill to attend Everest College in Dallas. Getting her associate’s degree......

Evergrande dodges default again; property sector debt concerns linger

Reuters
Bondholders receive overdue coupon payments – source Chinese property shares, bonds stage relief rally Broader liquidity concerns remain, more debts coming due SINGAPORE/HONG KONG, Nov 11 (Reuters) – Cash-strapped developer China Evergrande Group once again averted a destabilising default with a last minute bond payment but the reprieve did little......

Some U.S. colleges and universities are helping to reduce the ballooning student debt crisis

CBS News
CBS News – For more and to sign up click here Some U.S. colleges and universities are helping to reduce the ballooning student debt crisis – CBS News Watch CBSN Live More than 45 million people in the U.S. owe nearly $2 trillion in student debt. Some colleges and universities......

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