debt – News Stories About debt - Page 4

John Oliver
Curses Out
Oprah, Gives
Away $15M

Jun 6, 2016 7:27 AM CDT

John Oliver Curses Out Oprah, Gives Away $15M

Take that, debt-buying companies

(Newser) - What better way to drive home the topic of debt than to give away $15 million? That's exactly what John Oliver did on Sunday's edition of Last Week Tonight after covering the issue, which, as Oliver put it, is "the reason that Nicolas Cage has made so...

Puerto Rico to Default
on $370M Debt Bill

May 2, 2016 8:40 AM CDT

Puerto Rico to Default on $370M Debt Bill

An even bigger payment of $1B is due July 1

(Newser) - Big financial trouble for Puerto Rico: The government won't make nearly $370 million in bond payments due Monday after a failure to restructure or find a political solution to the US territory's spiraling debt crisis. Gov. Alejandro Garcia Padilla said Sunday he had issued an executive order suspending...

Kanye: I'm $53M in Debt

Feb 14, 2016 5:15 PM CST

Kanye: I'm $53M in Debt

Kanye West drops surprising tweet before 'SNL' appearance

(Newser) - Kanye West may be wildly successful, but is he stone broke? Well, he tweeted Saturday that he's $53 million in "personal debt" and asked his 18.7 million Twitter fans to "Please pray we overcome... This is my true heart," Sky News reports. Kanye didn't...

Claims of Fraud Could Get Student Loans Forgiven

Jan 20, 2016 6:19 PM CST

Claims of Fraud Could Get Student Loans Forgiven

More than 7.5K former students say their colleges defrauded them

(Newser) - Over the past six months, more than 7,500 Americans have applied to have their cumulative $164 million in student loans forgiven, claiming their colleges defrauded them, the Wall Street Journal reports. And as Gawker clarifies: "We are not talking here about the stereotypical 'Oberlin art history major...

Puerto Rico Narrowly Avoids
Multimillion-Dollar Default

Dec 1, 2015 4:20 PM CST

Puerto Rico Narrowly Avoids Multimillion-Dollar Default

'Let us be clear: We have no cash left'

(Newser) - Puerto Rico narrowly avoided a multimillion-dollar default on Tuesday by announcing a last-minute bond payment while warning that a deepening financial crisis has forced the government to divert money slated for future debt payments to avoid a shutdown of basic services "Let us be clear: We have no cash...

Students With Smallest Debt Most Likely to Default

Sep 1, 2015 2:24 PM CDT

Students With Smallest Debt Most Likely to Default

Those with biggest debt tend to end up with high-paying jobs

(Newser) - Who is more likely to default on a loan: a student who borrows a few thousand dollars, or one who borrows $50,000? The answer may surprise you: According to new data from the Department of Education, students who borrow between $1,000 and $5,000 default in 34% of...

Couple's Disappearance Stumps Connecticut Cops

Aug 19, 2015 3:21 PM CDT

Couple's Disappearance Stumps Connecticut Cops

They were in deep in debt, but family says there's no connection

(Newser) - A Connecticut couple in their mid-50s has been missing for two weeks now, and police are investigating whether their financial troubles—including $2.2 million in debt—may have something to do with it, reports CNN . Their families, however, aren't buying it. Police found the pickup belonging to Jeffrey...

Want to Get Out
of Debt? Study Finds
Best Way to Do It

Aug 13, 2015 8:00 AM CDT

Want to Get Out of Debt? Study Finds Best Way to Do It

Your approach to debt relief may be all wrong

(Newser) - You're staring down a $600 credit card bill and $60,000 in student loan debt: Which do you tackle first? Conventional wisdom says whichever has the higher interest rate. A new study out of Texas A&M says ignore those rates—and start with that credit card bill. It...

Clinton Wants to
Throw $350B at
Making College
Free, Cheap

Aug 10, 2015 7:47 AM CDT

Clinton Wants to Throw $350B at Making College Free, Cheap

Candidate's plan would make community college free, 4-year college 'no loan'

(Newser) - As student debt balloons into an issue in the realms of predatory lending , borrowers' mental health , and even the elderly , politicians continue to brainstorm on making college more affordable. Hillary Clinton's solution: a $350 billion proposal whose goals include making community college free, cutting costs to attend four-year public...

Puerto Rico Defaults on Debt

Aug 3, 2015 4:32 PM CDT

Puerto Rico Defaults on Debt

US island territory fails to make $58M debt payment

(Newser) - The government of Puerto Rico has confirmed that it failed to make a $58 million debt payment that was due Saturday, a significant escalation of the debt crisis facing the US island territory. Puerto Rican officials had warned on Friday that they would not make the payment because the island...

US Strip Club Recruits
Recent High-School Grads

Jun 6, 2015 2:35 PM CDT

US Strip Club Recruits Recent High-School Grads

Club claims it can help women get ahead

(Newser) - New advertisements outside Little Darlings strip club in Las Vegas encourage recent high school graduates to apply, promoting stripping as a way to earn money for college. Fox 5 reports that Little Darlings manager Rick Marzullo says the ads fit in with the character of Las Vegas. The signs have...

Better Late Than Never:
Britain to Repay WWI Debt

Oct 31, 2014 10:01 AM CDT

Better Late Than Never: Britain to Repay WWI Debt

It still owes WWI investors some $3.2B

(Newser) - Britain is beginning to pay back some of the $3.2 billion it borrowed to help pay for World War I. The government plans to redeem some national war bonds (issued in 1917) in February, when it refinances $348 million of debt issued as far back as the 18th century....

US Judge Holds
Argentina in
Contempt
of Court

Sep 29, 2014 5:05 PM CDT

US Judge Holds Argentina in Contempt of Court

Country's lawyers call finding 'completely absurd'

(Newser) - A New York judge has found Argentina in contempt of court for its open defiance of his orders regarding US hedge funds that hold Argentina bonds. Judge Thomas Griesa made the finding today at a Manhattan hearing. He reserved decision on sanctions pending further proceedings. Lawyers for the US hedge...

Guy's License Suspended... Over 1981 Ticket

Typo is to blame for Kevin Berry's ordeal

(Newser) - When Kevin Berry was pulled over in Portland recently, he thought he was about to get a speeding ticket. But the officer told him his license had been suspended a few weeks earlier—over a ticket dating back 33 years. "I think it's crazy," Berry tells KATU...

A Third of US Is on
Debt Collectors' Books

Jul 29, 2014 7:00 AM CDT

A Third of US Is on Debt Collectors' Books

Average amount owed: $5K

(Newser) - More than a third of Americans with credit scores have debt "in collections"—meaning one in three of us has been reported to collection agencies, a study finds. That's a total of 77 million people whose non-mortgage debt is significantly overdue, the Urban Institute notes. The study...

Utah School Takes Lunches From Kids Who Owe

Jan 30, 2014 2:09 PM CST

Utah School Takes Lunches From Kids Who Owe

Parents outraged

(Newser) - Parents in Utah say they're outraged after up to 40 elementary school students at a Salt Lake City school had their school lunches thrown out because of outstanding balances on their account. The Salt Lake Tribune reports the move came Tuesday after the Salt Lake City District realized a...

Credit Card Debt Drove McDonnells: Indictment

Jan 22, 2014 12:50 PM CST

Credit Card Debt Drove McDonnells: Indictment

Gory details from the allegations

(Newser) - Before Bob McDonnell was even in office, he and his wife were looking to then-Star Scientific CEO Jonnie Williams for gifts, according to the 43-page indictment against the couple. The document reveals that the couple had financial anxieties that may have driven their alleged graft, Politico reports. Weeks before McDonnell'...

As Default Looms,
Investors Scurry
to Unload US Bonds

Oct 15, 2013 11:53 AM CDT

As Default Looms, Investors Scurry to Unload US Bonds

Banks steer clear of short-term US debt

(Newser) - Worried over the possibility of default, investors and banks aren't taking chances: They're selling off billions of dollars of US debt, the Wall Street Journal reports. Banks have cut their government debt holdings by some 50% in the past two weeks, New York's Federal Reserve says. Additionally,...

Religious Family
Lost at Sea Is
Back in Arizona

Aug 15, 2013 2:48 PM CDT

Religious Family Lost at Sea Is Back in Arizona

Gastonguays face sizable debt after returning home

(Newser) - A family that fled the US in search of religious freedom is back home in Arizona instead, facing nearly $20,000 in debt. The Gastonguay family sailed off for the island nation of Kiribati, hoping to avoid what they said was government interference in religion—but storms damaged their boat...

Aggressive Debt Collector
Pays $3.2M Fine

Aggressive Debt Collector Pays $3.2M Fine

Promises to stop calling people multiple times a day

(Newser) - It's a little solace perhaps for people besieged by phone calls morning, noon, and night by debt-collection firm Expert Global Solutions: The company agreed to pay the FTC a $3.2 million fine and ease up on the harassment of debtors, reports Reuters . It's the biggest such fine...