Crunch The Cost: Why many borrowers will benefit from President Biden's proposed debt relief programs – KAGSTV.com

Two new programs implemented by the Biden Administration–‘On-Ramp’ and ‘Fresh Start’–will give borrowers debt relief options despite a recent ruling from SCOTUS. CENTRAL, Texas For a year, student loans have been the topic of discussion with more than half of the nation in debt. Last summer, President Biden had promised to cancel up to $20,000…

Roughly 443,000 Australians received false Robodebt notices. These are some of their stories – ABC News

Robodebt Commissioner Catherine Holmes says the disastrous debt recovery scheme was “crude and cruel” and “made many people feel like criminals”. The long-awaited final report by the Royal Commission into Robodebt was handed down on Friday and tabled in parliament with 57 recommendations.  Some of the details in the Robodebt report and this story may be distressing for some…

African Sovereigns: Deeper, Co-ordinated Debt Relief Needed to Strengthen Credit Profiles – Yahoo Finance

Delays in developing an enhanced framework for sovereign debt restructuring are preventing distressed countries from ensuring sustainable sovereign debt stocks and regaining access to international capital markets, leaving their sovereign credit ratings in default or near a default grade for longer periods. This adds to the human costs of default, contributing to risk of a…

Antigua and Barbuda implements Commonwealth Meridian to … – Commonwealth

Antigua and Barbuda has embarked on a significant endeavour to manage its public debt portfolio, amounting to US$1.54 billion, by implementing Commonwealth Meridian, a state-of-the-art debt management system. The process commenced with a two-week workshop held in partnership between the Commonwealth Secretariat and the Government of Antigua and Barbuda in the capital city of Saint…