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April 14, 2021

Debt

Pressure mounts for Biden to forgive student debt

CNBC
CNBC – For more and to sign up click here Alex Wong | Getty Images News | Getty Images While the latest Covid stimulus package and a new massive infrastructure bill are the main topics of conversation in Washington of late, President Joe Biden continues to be under mounting pressure......

New Jersey lawmakers call on Murphy to use federal dollars to pay down debt

WashingtonExaminer
USA TODAY – For more and to sign up click here Some lawmakers want Gov. Phil Murphy to use incoming federal dollars to reduce the state’s debt. “New Jersey will soon be swimming in cash from the federal government and I want to make sure those funds are dedicated to......

IMF warns that debt overhang and financial vulnerabilities pose double threat to economic recovery

CNBC
CNBC – For more and to sign up click here LONDON — Policymakers and central banks need to be “very selective” with stimulus measures to avoid endangering global economic growth over the medium term, according to a top official at the International Monetary Fund, with a debt overhang and financial......

Exclusive: World Bank, IMF eye ways to link debt relief to climate change spending

Reuters
WASHINGTON (Reuters) – The World Bank and the International Monetary Fund are planning to launch a platform to advise poor countries on funding climate and conservation activities, amid a broader push that could link such spending to debt relief, according to a draft document seen by Reuters. FILE PHOTO: International......

Why Banks Will Move Quickly to Sell Distressed Debt

@BreaknNews
   Andrew Van Tuyle LOS ANGELES – April 7, 2021 – — So far, the COVID-19 pandemic hasn’t spawned the waves of property distress that were initially predicted.  However, once lenders can pursue remedies, Andrew Van Tuyle, senior managing director of investments for BH Properties, expects the floodgates to open......

How Debt and Climate Change Pose a ‘Systemic Risk to the Global Economy’

@BreaknNews
How does a country deal with climate disasters when it’s drowning in debt? Not very well, it turns out. Especially not when a global pandemic clobbers its economy. Take Belize, Fiji and Mozambique. Vastly different countries, they are among dozens of nations at the crossroads of two mounting global crises......

30 Of The Dumbest Points People Saw Americans Make Against Canceling Student Debt

IA
There are 45 million Americans who collectively owe $1.71 trillion in student loans. And it’s no secret that the financial burden of it negatively affects the lives of many former students with education finished and unfinished, in profound ways. From mental health to home-buying, student loans are somewhat of an......

France lifts 2021 deficit, debt forecasts

Reuters
FILE PHOTO: French Economy and Finance Minister Bruno Le Maire speaks during a press conference to present the details of new restrictions aimed at curbing the spread of the coronavirus disease (COVID-19), announced the day before by the president, in Paris, France, October 15, 2020. Ludovic Marin/Pool via REUTERS/File Photo......

Biden asks Education secretary to see if he can legally cancel student debt

CNBC
CNBC – For more and to sign up click here US President Joe Biden speaks in Pittsburgh, Pennsylvania, on March 31, 2021. Jim Watson | AFP | Getty Images President Joe Biden has requested that Education Secretary Miguel Cardona prepare a report on the president’s legal authority to cancel up......

Fed’s Waller says the central bank isn’t keeping rates low to finance government debt

CNBC
CNBC – For more and to sign up click here Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve is......

Investors seek Bitcoin haven amid weakening dollar worries

NYPost
Charles Gasparino Warren Buffett hates cryptocurrencies. Treasury Secretary Janet Yellen isn’t a fan and neither is Bill Gates. Ditto for scores of great economic minds who call the rise of cryptos like Bitcoin a “bubble,” and a lot worse. I have my doubts as well. I’ve seen too many Pets.coms......

New signs show that China is cracking down on debt again

CNBC
CNBC – For more and to sign up click here A woman walks past the headquarters of the People’s Bank of China in Beijing, China. Jason Lee | Reuters BEIJING — Data for the year so far show signs that China is starting to crack down on debt. A first-quarter......

Biden Administration Ramps Up Debt Relief Program to Help Black Farmers

New York Times
Representative James E. Clyburn, a South Carolina Democrat who played an influential role in helping Mr. Biden secure the party’s presidential nomination, has also been a major voice highlighting the experience of Black farmers and helped drive the stimulus provisions, according to congressional staff aides. The funding aims to address......

CBSN Originals | The Student Debt Dilemma

CBS News
CBS News – For more and to sign up click here CBSN Originals | The Student Debt Dilemma – CBS News Watch CBSN Live This CBSN Originals documentary in the “Speaking Frankly” series delves into the growing demands to cancel student debt. Be the first to know Get browser notifications for......

The U.S. already has student debt forgiveness—but barely anyone gets it

CNBC
CNBC – For more and to sign up click here The Biden Administration has indicated the president will call on Congress to forgive $10,000 in student debt for all borrowers — a step down from what leaders of his own party have called for. House and Senate Democrats have urged......

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