Debt in Developing Economies Growing at Fastest Pace in 50 Years
Foreign Affairs
Debt in Developing Economies Growing at Fastest Pace in 50 Years
2020-01-08 21:27:15
by Dan McCue

WASHINGTON - Debt in emerging and developing countries climbed to a record $55 trillion in 2018, the result of an eight-year surge that has been the largest and fastest in nearly 50 years, a study by the World Bank says.... Read More

Mark Sanford Suspends 2020 Presidential Campaign
2020 Elections
Mark Sanford Suspends 2020 Presidential Campaign
2019-11-12 21:19:15
by Dan McCue

WASHINGTON - Former Congressman and South Carolina Gov. Mark Sanford suspended his longshot campaign for the Republican presidential nomination Tuesday, explaining that sometimes "you've got to be a realist." Standing outside the New Hampshire statehouse while holding an oversized trillion-dollar... Read More

Why Are Judges Sentencing People on Probation for Debts They Won’t Ever Be Able to Pay?
Law
Why Are Judges Sentencing People on Probation for Debts They Won’t Ever Be Able to Pay?

PHILADELPHIA — A decade after he was first sentenced in Philadelphia Common Pleas Court, Maurice Hudson still could not come up with $1,941 in outstanding court costs — and, at a February hearing, it was clear Judge Genece Brinkley was... Read More

Federal Debt on Track to Reach 'Unprecedented' Levels, CBO Says
Economy
Federal Debt on Track to Reach 'Unprecedented' Levels, CBO Says
2019-06-25 21:04:05
by Dan McCue

WASHINGTON - The federal debt is on track to reach unprecedented levels in the next 30 years and will rise to 144 percent of the nation's gross domestic product by 2049 if current laws are maintained, the Congressional Budget Office... Read More

Clyburn, Warren Want to Cancel Student Loan Debts for Nearly 42 Million Americans
Education
Clyburn, Warren Want to Cancel Student Loan Debts for Nearly 42 Million Americans
2019-06-14 14:40:17
by Elin Johnson

WASHINGTON - House Majority Whip James Clyburn, D-S.C., and Senator Elizabeth Warren, D-Mass., said this week they plan to introduce legislation to cancel student loan debt for nearly 42 million borrowers. “For far too many students and families, the cost... Read More

House Panel Hears Tales of Student Loan Woes From State Regulators
In The News
House Panel Hears Tales of Student Loan Woes From State Regulators
2019-06-13 16:51:35
by Elin Johnson

WASHINGTON - State officials told the House Subcommittee on Oversight and Investigations Tuesday that questionable practices by the servicers of student loans are saddling a generation with enormous debt that if left unchecked could stifle economic growth across the nation.... Read More

Straight From The Well
scroll top