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CNBC

Trump's top economic advisor sees 3% GDP growth, with debt increasing near-term
CNBC
The economist highlighted President Trump's focus on deregulation and recent tax cuts as reason for a brighter economic outlook, though admitted that national debt is likely to increase in the near team. "We're keeping a very close eye on government ...

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The Intercept

Citigroup Drove Puerto Rico Into Debt. Now It Will Profit From Privatization on the Island.
The Intercept
One of the same banks that drove the Puerto Rico Electric Power Authority, or PREPA, into the red will now be paid to help auction it off to the highest bidder. Citigroup Global Markets Inc., or Citi, will be the main investment bank consultant in the ...

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NBCNews.com

Debtors' prison: ACLU report details 'criminalization of private debt'
NBCNews.com
Americans' reliance on household debt ─ and poor people's struggles to pay it off ─ has fueled a collection industry that forces many of them into jail, a practice that critics call a misuse of the criminal justice system. The accusation is ...
US Courts Jailing Thousands over Civil Debts 'Without Due Process,' ACLU SaysNewsweek
How debt collectors profit off of unconstitutional threatsThinkProgress
ACLU Release Research on Arrest Warrants for Private DebtLaw.com

all 9 news articles »


ACLU (blog)

Debt Collection Companies Have Hijacked the Justice System
ACLU (blog)
Denise Zencka, a mother of three in Indiana, had to file for bankruptcy because she couldn't afford to repay her bills for treatment for thyroid cancer. And because she was unable to work, she had to stay with her parents in Florida while she recovered ...



CNBC

Trump administration may make it easier to wipe out student debt in bankruptcy
CNBC
Trump administration may make it easier to wipe out student debt in bankruptcy. The Department of Education said it will review how borrowers discharge student loans, an indication it could become easier to expunge those loans via bankruptcy. Still ...
Bankruptcy Options For Student Debt Could Possibly Change Under The Trump AdministrationAbove the Law

all 4 news articles »


Syracuse.com

Crushing debt, intense competition 'toxic brew' for 'plain vanilla' Tops, analysts say
Syracuse.com
Analysts say it was a combination of "crushing debt," a highly competitive supermarket industry and a weak upstate New York economy. "It's been a difficult year for the industry as a whole and when you have a lot of debt and are not as well capitalized ...



Politico

Treasury's Malpass says he's 'troubled' by national debt
Politico
A top Treasury Department official said Wednesday he is “troubled” by annual budget deficits and wants a three-year program to slow the growth of the national debt. “I think it is too high now, and it's going higher,” David Malpass, Treasury's under ...



Buffalo News

NY supermarket chain Tops files bankruptcy, cites debt and Amazon
Reuters
NEW YORK (Reuters) - The U.S. supermarket chain Tops Markets LLC filed for bankruptcy on Wednesday, saying an unsustainable debt load, falling food prices and stiff competition from Amazon.com Inc (AMZN.O) and other low-cost rivals forced it to ...
After bankruptcy, Tops says most debt will go awayBuffalo News
Tops Markets Pursuing Financial Restructuring to Reduce Debt and Strengthen Competitive PositionBusiness Wire (press release)

all 49 news articles »


Bloomberg

Ramaphosa Tax Gamble Targets Debt Before South African Vote
Bloomberg
Moody's is the only major company that still ranks South Africa's debt at investment grade after S&P Global Ratings and Fitch Ratings Ltd. punished the country in 2017 following political changes that sapped confidence and knocked financial markets ...

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Bloomberg

Treasury's Malpass Says Rising US Debt, Deficit 'Troubling'
Bloomberg
A senior U.S. Treasury official said he wants to see a multiyear effort to narrow the federal budget deficit, as he warned the nation's mounting debt is "troubling." "I am troubled by the deficit; and troubled by the national debt, and I think we need ...


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