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Reuters.com

'Put people above debt,' Puerto Rico official urges amid Maria's devastation
Reuters.com
SAN JUAN, Puerto Rico (Reuters) - San Juan's mayor urged the United States on Tuesday to prioritize “people above debt” as it helps rebuild from the devastation of Hurricane Maria, after President Donald Trump said that the island's crippling debt ...
Trump's tweets about NFL, Puerto Rico debt draw ire as island crippled by Hurricane MariaABC News
San Juan mayor on Trump tweets: 'You don't put debt above people'USA TODAY
Storms complicate Puerto Rico's debt problemsBBC News
CBS News -Bloomberg -CNN
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Vanity Fair

Trump Reminds Disaster-Stricken Puerto Rico It Holds “Massive Debt
Vanity Fair
Shortly after Hurricanes Harvey and Irma tore through Texas and Florida, a third, less media-savvy storm named Maria slammed into Puerto Rico, knocking out power to the entire island, decimating the island's food supply, and leaving “apocalyptic” ...
Donald Trump Finally Tweets About Puerto Rico: “Broken Infrastructure, Massive DebtDeadline
Trump Hits Puerto Rico For 'Broken Infrastructure & Massive Debt ...HuffPost
San Juan mayor to Trump: Maria relief, debt crisis are 'two different issues'MyHighPlains
Twitter -CNN
all 124 news articles »


U.S. News & World Report

The Great Debt Ceiling Show
U.S. News & World Report
The curtain has closed on the latest performance of the Debt Ceiling Show. This was the 80th time Congress raised the debt limit since 1960. Over the years, Congress and the presidency, Democrats and Republicans have changed roles in this farce, but ...
The debt limit isn't working, a more effective mechanism to control debt is neededThe Hill (blog)

all 4 news articles »


Above the Law

Will You Ever Be Able To Pay Off Your Law School Debt?
Above the Law
Law students have been attending classes for a few weeks now, so there's no better time than now to talk about the crippling debt they'll have to face and attempt to pay down in the years to come. About two million Americans owe at least $100,000 in ...



How Low Does Valeant Pharmaceuticals' Debt Really Need to Go?
Motley Fool
There's as much of a chance that Valeant Pharmaceuticals (NYSE:VRX) wipes out its debt of nearly $28.5 billion anytime soon as there is of Donald Trump receiving a birthday present from football player Colin Kaepernick. Or vice versa. But it's a ...

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Hartford Courant

Bronin Resists Offer to Refinance Debt as City Considers ...
Hartford Courant
Mayor Luke Bronin said he was open to restructuring the troubled city's debt, but would stray from any proposal that burdens future leaders with escalating ...

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Exclusive: Construction firm chases oil taxes, royalties in $1 billion Congo debt row
Reuters
ABIDJAN (Reuters) - Construction firm Commisimpex has gone to a French court in its fight with the Congo Republic over what it says are more than $1 billion in unpaid bills, the latest step in a decades-old saga that has weighed on the nation's economy.

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New York Times

As China Piles on Debt, Consumers Seek a Piece of the Action
New York Times
To be clear, most economists consider China's consumer credit splurge to be a good thing. Chinese families are nowhere near the borrowing levels of spendthrift Americans, whose household debt is equal to more than three-quarters of the annual economic ...



BBC News

Bank of England sounds alarm on debt bubble risks
BBC News
Lenders are underestimating the hit they would take from consumers defaulting on debt in a downturn, according to the Bank of England. The Bank's Financial Policy Committee (FPC) said there were "pockets of risk" in the current level of lending on ...
The Bank of England says UK banks have fundamentally misjudged the quality of British consumer debt and might be ...Business Insider
Bank of England warns a consumer debt crisis could cost banks £30bnThe Guardian
Banks must put aside £10billion for household debtExpress.co.uk
Telegraph.co.uk -The Scotsman
all 74 news articles »


Reason

Why We Need To Shrink the National Debt, And Fast!
Reason
It was big news when our national debt recently passed the $20 trillion mark. What's less understood is exactly why having such a massive debt is a bad thing. The short answer is that too much debt slows economic growth, reducing living standards.

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