Tag: debt

April 13, 2023

As the Biden White House sticks to its demand for a “clean” bill raising the nation’s debt limit, House Republicans have differing opinions on how to resolve the looming deadline, sometime in June, when the Treasury will not be able […]

April 3, 2023

With the collapse of several banks in the last few weeks, many fear that their deposits aren’t safe and another financial crisis is looming. Worse, the fight in Washington over raising the debt ceiling threatens to strain the system still […]

January 23, 2023

This week the US government reached its 31.4 trillion dollars borrowing limit, better known as the “debt ceiling.” This led to a showdown among House Republicans, President Biden, and congressional Democrats. House Republicans are demanding that President Biden and Senate […]

June 28, 2022

Russia has defaulted on its sovereign debt for the first time in over a hundred years, due to sanctions that restrict their access to international banking systems. On May 27, Russia was due to pay approximately one hundred million dollars […]

January 26, 2022

When President Joe Biden was sworn in on Jan. 20, 2021, the federal government’s debt stood at $27,751,896,236,414.77. When his first year in office ended on Jan. 20, 2022, it stood at $29,867,021,509,573.92. That means that during Biden’s first 12 […]

January 18, 2022

Credit cards are one of the most lucrative tools for expenditure but it is up to the cardholders to decide how to use them in the best way. According to the recent figures, around 60 million Americans do not handle […]

September 13, 2021

What’s the big rush? Sen. Joe Manchin (D-W.Va.) wondered on Sunday, as he was pressed to explain his stated opposition to the $3.5 trillion cost of the Democrats’ “human” infrastructure bill. “Well, George, I’ve been very clear, I think, and […]

December 7, 2020

Buy-now-pay-later platforms have gained traction over the past decade, as startups such as Affirm, Afterpay and Klarna have appealed to millennial and Generation Z consumers with a model that allows them to pay for purchases in installments without the hefty […]

August 26, 2020

U.S. long-dated Treasury yields rose in early Wednesday’s trade, with the benchmark maturity butting against the top of its recent trading range as market participants made room for new debt issuance from the U.S. and other major bond markets. What […]

June 4, 2020

The coronavirus pandemic compounds an already dire financial situation for millions of Americans. One-third of homeowners have less than $500 or, worse, nothing set aside for an emergency home repair, according to a report released Wednesday, and that includes 50% […]

March 11, 2020

To grasp why the most important central banks — from the Fed to the Bank of England to the Bank of Japan —- are now leaping into action as if the world were on fire, it helps to examine the […]

February 12, 2020

WeWork closed a new $1.75 billion senior secured letter of credit facility. Goldman Sachs is the administrative agent of the new facility. Goldman Sachs, Citibank, DBS Bank, Deutsche Bank, Mizuho, Natixis and Société Générale participated in the syndication as joint […]

February 11, 2020

Americans are more confident about their ability to take out credit than they were a year ago, according to the latest Survey of Consumer Expectations from the New York Federal Reserve. A year ago, more consumers believed they would have […]

November 21, 2019

The country’s $1.5 trillion in student loan debt can weigh heavily on some borrowers, sidetracking plans for home ownership and stunting careers while they pay off loans. That debt is especially burdensome for black borrowers, according to new data from […]

October 23, 2019

CRH Medical has entered into a new, three-year revolving credit facility which provides up to $200 million in borrowing capacity, and represents an increase from the company’s previous $100 million facility. The new facility includes a committed $125 million facility […]

August 13, 2019

The performance gap between small caps and large caps is widening to historic lows, a trend seen during times of economic stress and investor caution, possibly signaling something worse with the economy could be coming. The small-cap benchmark Russell 2000 […]

March 26, 2019

Greenhill & Co. plans to syndicate a new $360 million secured loan under a term loan B structure. Goldman Sachs has been engaged to lead the syndication of the facility. Consummation of the new term loan and its terms, including […]

December 11, 2018

Where you live in the United States makes a difference when it comes to paying off credit card debt. It takes the average New Mexico household nearly twice as long to pay off their credit-card debt as it does households […]

November 26, 2018

Treasury yields edged higher on Monday trading, ahead of a key debt auction that could indicate investors’ appetite for short-dated U.S. government paper. The 10-year Treasury note yield TMUBMUSD10Y, +1.05% is up a single basis point to 3.064%. The 2-year […]

June 27, 2018

General Electric is set for better performance as the company’s leadership works to break off segments of the business, Oppenheimer said in upgrading shares of the industrial conglomerate to perform from underperform. The announced spinoff of GE’s health-care unit and […]