U.S. defends minority farmer debt relief despite legal fight – Reuters

Farming equipment is seen on Foster Farm in Sagaponack, on New York’s Long Island, U.S., July 8, 2019. Picture taken July 8, 2019. REUTERS/Lindsay Morris CHICAGO, June 15 (Reuters) – The U.S. Agriculture Department (USDA) is defending efforts to wipe clean government-backed loans to farmers facing decades of discrimination, despite a temporary restraining order on…

Dick starts to pay down debt, even if it’s a sleight of hand – The Australian Financial Review

Queenslands total debt will now be $122.7 billion in 2023-24 about $7 billion better off than initially forecast. Debt, at this stage, will top out at $127.4 billion by 2024-25, as the governments budgetary outlook improves courtesy of increased revenue from a recovering economy and a reduction in government expenditure. The economy has bounced back…

Debt Burden Swells as Europe Extends Life Support for Companies – The Wall Street Journal

Rousselle Industrie SA, a maker of machinery for paint manufacturers in northern France, almost collapsed in 2020 after the pandemic disrupted supply and its clients businesses. The 10-person company was saved by the equivalent of $360,000 in loans under a government program that guaranteed debt and deferred interest payments for 12 months. One year later,…

STATEMENT: The USDA’s Debt Relief Program for Farmers of Color Should Be Quickly Reinstated – Center For American Progress

Washington, D.C. Yesterday, a federal judge in Wisconsin issued a restraining order on $4 billion of debt relief that was part of a program designed to help Black and other farmers of color as part of the Biden administrations American Rescue Plan. Following the decision, Nicole Lee Ndumele, vice president for Racial Equity and Justice…

Yellen says ‘concerned’ debt relief could aid Chinese lenders – Bangkok Post

published : 11 Jun 2021 at 07:45 writer: AFP US Treasury Secretary Janet Yellen has supported efforts to provide debt relief to poor countries. WASHINGTON: US Treasury Secretary Janet Yellen said Tuesday she was concerned that Chinese lenders could benefit from an international debt relief initiative aimed at poor countries. In April, G20 countries including…

Yellen says ‘concerned’ debt relief could aid Chinese lenders – Bangkok Post

published : 11 Jun 2021 at 07:45 writer: AFP US Treasury Secretary Janet Yellen has supported efforts to provide debt relief to poor countries. WASHINGTON: US Treasury Secretary Janet Yellen said Tuesday she was concerned that Chinese lenders could benefit from an international debt relief initiative aimed at poor countries. In April, G20 countries including…