Oct 11 (Reuters) – Sri Lanka, mired in its worst economic crisis in decades, is in debt restructuring talks with a range of bilateral creditors, including China, its largest single creditor. The island nation of 22 million suffered its first foreign debt default in May 2022. In March, Sri Lanka secured a nearly $3 billion…
Hard as it may be to believe, the 2024 presidential election is now little more than a year away. Despite four criminal indictments, Donald Trumps defiance of political gravity shows no signs of abating, even as he has defended the January 6 insurrection and vowed to lock up his political opponents. Given Trumps penchant for authoritarianism and…
On June 30, 2023, the U.S. Supreme Court ruled in Biden v. Nebraska that the Biden-Harris administrations plan to cancel up to $10,000 in student loan debt per borrowerand up to $20,000 for Pell Grant recipientswas not legal under the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act of 2003. That same day, President…
Its no surprise that debt can have a major impact on your mental health. Your balance, the accumulating interest, making monthly payments and even the circumstances that put you in debt in the first place can all take a toll on how you feel about your finances. According to a survey by Bankrate, 52 percent…
No matter your financial and lifestyle situation, paying off debt can feel overwhelming and isolating. While being in debt is nothing to be ashamed of, you may feel unable to ask for help. You might feel like your debt is solely your responsibility, and that asking for help will make you seem irresponsible. However, when…
Summary Bondholders agreed to a payment pause until summer 2024 Ukraine tells investors it aims to restore capital market access Kyiv looks to Western partners, multilaterals for credit backing – sources LONDON, Oct 9 (Reuters) – Ukraine has been sounding out major investors over plans to restructure the country’s $20 billion in international debt and…
President Biden said Wednesday his administration has approved $9 billion more in student loan forgiveness as he pledged to continue to look for ways to deliver debt relief to borrowers despite opposition from conservatives. My administration will continue to use every tool at our disposal to help ease the burden of student debt so more…
VIENTIANE, Oct. 9 (Xinhua) — The Lao government has learnt about good practices for enhancing public debt management from a high-level policy dialogue, which will help the government strengthen public debt management. The two-day dialogue was held by the Asian Development Bank (ADB) in partnership with the Lao Ministry of Finance in the Lao capital…
Introduction I would like to acknowledge the Gadigal people of the Eora Nation who are the Traditional Custodians of the Land where we are meeting today. I would like to pay my respects to their Elders past, present and emerging and extend my respect to any Indigenous Australians who are with us today. Thank you…
WASHINGTON The Biden administration said Wednesday that it has cleared the way for another $9 billion in student debt relief for as many as 125,000 borrowers 11,700 of them in Arizona. The savings, which will come through changes to existing debt relief programs, would save Arizona borrowers an estimated $840 million, according to the Education…