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U.S. News & World Report

Feds Rush Aid to Puerto Rico, While Trump Tweets About Debt
U.S. News & World Report
WASHINGTON (AP) — The U.S. ramped up its response Monday to the humanitarian crisis in Puerto Rico, even as President Donald Trump brought up the island's struggles before Hurricane Maria struck — including "billions of dollars" in debt to "Wall ...
The Latest: Trump notes Puerto Rico devastation — and debtVirginian-Pilot
Here's What Has to Happen for Puerto Rico to Recover After MariaFortune
Trump says Puerto Rico in 'deep trouble' from storm damage, debt crisisWashington Times
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Deadline

Donald Trump Finally Tweets About Puerto Rico: “Broken Infrastructure, Massive Debt
Deadline
President Donald Trump took some heat on cable news today for tweeting about the NFL, NBA and “#FakeNews” CNN — but he got even more guff for not tweeting about the terrible situation in Puerto Rico. The U.S. territory was shredded by Hurricane Maria, ...
Trump Hits Puerto Rico For 'Broken Infrastructure & Massive Debt'HuffPost

all 31 news articles »


Hartford Courant

Bronin Resists Offer to Refinance Debt as City Considers ...
Hartford Courant
Mayor Luke Bronin said he was open to restructuring the troubled city's debt, but would stray from any proposal that burdens future leaders with escalating ...

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BBC News

Bank of England sounds alarm on debt bubble risks
BBC News
Lenders are underestimating the hit they would take from consumers defaulting on debt in a downturn, according to the Bank of England. The Bank's Financial Policy Committee (FPC) said there were "pockets of risk" in the current level of lending on ...
Bank of England warns a consumer debt crisis could cost banks ...The Guardian
Banks told to find £10bn to prepare for spiralling consumer debtThe Times
Bank of England warns of 'pockets of risk' to growing £200bn consumer debt pileTelegraph.co.uk
Express.co.uk -Evening Standard -Malay Mail Online -Bank of England
all 52 news articles »


New York Times

As China Piles on Debt, Consumers Seek a Piece of the Action
New York Times
To be clear, most economists consider China's consumer credit splurge to be a good thing. Chinese families are nowhere near the borrowing levels of spendthrift Americans, whose household debt is equal to more than three-quarters of the annual economic ...



$20 Trillion National Debt Is Not A Plus For The Market
Seeking Alpha
Studies show that when a country's debt reaches an elevated level, it is unable to sustain its long-term secular growth rate. They also suggest that additional fiscal policy measures, intended to augment economic growth but are accomplished by ...



Reason

Why We Need To Shrink the National Debt, And Fast!
Reason
It was big news when our national debt recently passed the $20 trillion mark. What's less understood is exactly why having such a massive debt is a bad thing. The short answer is that too much debt slows economic growth, reducing living standards.

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wwlp.com

Proposed law aims to protect low income residents from burdensome debt collection
wwlp.com
BOSTON (WWLP) – Nearly one in four Massachusetts residents has a debt in “collection,” due to non-payment of a bill. Under current law, your property or earnings above $28,000 can be seized to satisfy a debt you owe. Dozens of people came to the State ...



BBC News

Storms complicate Puerto Rico's debt problems
BBC News
The destruction in Puerto Rico caused by Hurricane Maria will exacerbate the economic problems facing the deeply-indebted Caribbean island. Analysts said a chief risk is that the storm will accelerate the population decline on the island. Puerto Rico's ...

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KYMA

More evidence student debt is a drag on US homeownership rates
KYMA
A survey of student-loan borrowers between the ages of 22 and 35 found that nearly three-quarters don't feel financially secure enough to purchase a home; and more than half -- 52 percent -- say they can't qualify for a mortgage because their income-to ...

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