Debt


For-Profit Loan Forgiveness Program Could See Major Cut

The Education Department’s plan to provide only partial relief to some students defrauded by for-profit colleges could reduce overall payments by about 60 percent, according to a preliminary analysis obtained…

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New Rules Would Keep PA Debtors Out of Israel

Palestinian Authority residents who owe debts to Israelis will no longer be given entry or work permits to Israeli cities, Defense Minister Avigdor Liberman and Justice Minister Ayelet Shaked have…

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CBO Says Tax Bill Would Add $259B More to Debt

A new government analysis of the House GOP tax bill says its true costs to the nation’s debt are at least $259 billion greater over the coming decade, because of…

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S&P More Hopeful on Greece But Balks at Upgrade

Ratings agency Standard & Poor’s has raised its outlook for Greece from “stable” to “positive,” encouraged by a recent round of cost-cutting reforms and an expected return to growth this…

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U.S. Household Debt Tops Pre-Recession Peak

U.S. household debt reached a record high in the first three months of this year, topping the previous peak reached in 2008. Americans have stepped up borrowing over the past…

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