debt

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Clinton Ends Feb. $8.7M in Debt
 Clinton Ends Feb. $8.7M in Debt 
Apr 1, 2008 11:06 AM CDT

Clinton Ends Feb. $8.7M in Debt

Aides explain much of it as paperwork matter

(Newser) - Hillary Clinton had $8.7 million in debt at the end of February, including roughly $300,000 in unpaid health insurance invoices for her staff and $3,100 from her own high school alma mater, where she held a campaign event. Barack Obama notched only $625,058 in debt, reports...

More Afghan Families Using Girls to Pay Debt

Farmers hit by crop woes give daughters as 'opium brides'

(Newser) - Besieged by debt, more Afghan farmers are paying lenders by handing over their girls as "loan brides," Newsweek reports. Often taken from their families forever, the girls—some younger than 5 years old—are commonly beaten or pushed to suicide by their fate. "My heart is still...

Credit Crunch Ups Price of College Loans

Federal, private lenders will raise rates, increase rejections

(Newser) - Even as college costs soar, the credit crunch is about to make student loans more expensive—and tougher to come by. Fees for federally guaranteed loans, which offer below-market rates, are expected to rise, and some states have dropped out of the program. At least a dozen private firms have...

Feds Ponder Rescue Plans as Housing Slump Worsens

More than 10% of homeowners are 'upside down' on mortgages

(Newser) - With one in 10 US homeowners owing more on their homes than they’re worth, the highest proportion of negative-equity loans since the Depression, the government is weighing plans that would apply the brakes to the rapidly accelerating housing market collapse, the New York Times reports. Possibilities include federal loan...

Americans Drive Cycle of Auto Debt
Americans
Drive Cycle
of Auto Debt
Dec 31, 2007 9:25 AM CST

Americans Drive Cycle of Auto Debt

New cars tempt buyers into larger, longer loans that outlast the vehicle

(Newser) - More and more Americans are entering a cycle of larger, longer, and far riskier auto loans, raising the possibility of a debt crisis similar to the one that has hit the housing market. The Los Angeles Times explores the increasing trend of trading in a used car for a new...

Americans Falling Behind on Credit Cards

Amount overdue on US accounts surged 26% in October

(Newser) - It’s already looking like an iffy New Year for many credit-card holders: the number of Americans falling behind on their payments spiked sharply this year and analysts don’t expect 2008 to be much brighter. The value of credit card accounts at least 30 days late surged 26% in...

Gen Xers Aren't Saving for Retirement

Too many still living paycheck to paycheck, one expert warns

(Newser) - Aging Gen Xers are too saddled with costs and debt to save for retirement, MSNBC reports. In fact, 62% of Gen Xers—those born roughly from 1965 to 1980—said they still live paycheck to paycheck, according to a Charles Schwab survey. And they’re headed for trouble: The fund...

Plastic May Pose Next Big Threat to Economy

Experts expect credit card trouble to track mortgage woes

(Newser) - The subprime mortgage crisis may spark another financial disaster: bad credit card debt. When rates hit 50-year lows, many owners borrowed against their homes to pay off high-interest credit cards. Now, with rates increasing, many may not be able to pay down both their mortgages and their credit cards, the...

Monthly Foreclosures Climb Again
Monthly Foreclosures Climb Again
Aug 22, 2007 2:34 AM CDT

Monthly Foreclosures Climb Again

Figures jump 93% over 2006; 1 in every 693 households in default

(Newser) - Foreclosure numbers were up big again in July, rising 9% from June’s figures and a whopping 93% from a year ago, an unwelcome sign for already reeling credit markets. Foreclosures rose in 43 states, but California, Florida, Michigan, Ohio and Georgia accounted for over half of the the activity,...

Corporate Buyers Muscle In on Private Equity Deals

Credit squeeze puts business-as-usual on hold

(Newser) - Corporations have the upper hand over private equity firms in acquisitions for the first time in years because of chaos in the debt markets, the Wall Street Journal reports. Private equity firms are stalled until the credit situation stabilizes and they can sell off some of their debt. Corporate buyers...

Wall Street Jittery After Drop
Wall Street Jittery After Drop
Jul 30, 2007 4:47 AM CDT

Wall Street Jittery After Drop

Markets jittery after stock drop

(Newser) - Wall Street has a case of nerves. After last week's market drop, the worst in five years, investors shouldn't expect any more "Merger Mondays" for some time to come, the New York Times predicts. Instead opening the week with big new deals, to send the market to new highs,...

Hot LBO Market Takes Hit
Hot LBO Market
Takes Hit
Jun 8, 2007 9:40 AM CDT

Hot LBO Market Takes Hit

As big-time deals struggle to manage debt, beware the Trojan piggy bank

(Newser) - The red-hot market for LBOs may be hitting a long-awaited rough patch. Several big deals—including Apollo's $1.3 billion Linens 'n Things buy and the multigroup $17.6 billion acquisition of Freescale Semiconductor Holdings—have turned sour, with the companies struggling to generate enough cash to pay down debt...

Iraqi PM Begs for Debt Forgiveness
Iraqi PM Begs
for Debt Forgiveness
May 3, 2007 7:52 AM CDT

Iraqi PM Begs for Debt Forgiveness

US, Iran, Syria to cross paths at Egypt summit

(Newser) - Prime Minister Nouri al-Maliki is begging other nations to write off Iraq's debt, saying the country needs reconstruction funds. He spoke today at a regional summit that will feature the first high-level talks between the U.S. and Syria since 2005; prospects of Secretary of State Rice sitting down with...

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