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Washington Post

McConnell says there is 'zero chance' Congress will fail to raise debt ceiling
Washington Post
Senate Majority Leader Mitch McConnell (R-Ky.) said Monday that there was “zero chance — no chance” Congress would fail to raise the debt ceiling by late September, although he offered no clues about how he hoped to persuade lawmakers to back such a ...
Mitch McConnell: 'Zero chance' US fails to raise the debt ceilingCNBC
McConnell: There's 'Zero Chance' That Congress Fails to Raise Debt LimitNew York Magazine
McConnell: 'Zero chance' Congress doesn't raise debt limit | TheHillThe Hill
Bloomberg -Morningstar.com -Newsmax -Politico
all 76 news articles »


CNBC

BHP misses on profit, dividend; focuses on paying down debt
CNBC
Global mining giant BHP Billiton posted a more than a five-fold rise in annual underlying profit on Tuesday to $6.7 billion on the back of a recovery in industrial commodities markets, but missed analysts' forecasts. BHP tripled its final dividend to ...

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Reuters

China has more room to tackle debt - if it wants to
Reuters
HONG KONG/BANGALORE (Reuters) - Rising corporate profits are providing Chinese policymakers with room to do more to tackle the country's growing debt problems without inflicting major damage on the economy. Profits are increasing even though ...
Korean War Threat Fades as China Debt Fears ResurfaceThe Diplomat
Concerns growing over scale of China's debtsPress TV
China's 'dangerous' debt boom could end badly for allThe Australian

all 12 news articles »


Bloomberg

Fed's Big Bond Unwind May Clobber US Stocks, Corporate Debt
Bloomberg
A week after that, strategists at Morgan Stanley separately warned that investors are underestimating the trouble that the Fed's plans could bring to corporate debt markets. Money managers don't seem alarmed so far. Stocks have gained 10 percent this ...

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Bloomberg

Metals Frenzy Has China Bond Buyers Flocking to Smokestack Debt
Bloomberg
China's so-called old-economy companies are enjoying a renaissance in the debt market, bouncing back from a beating on Beijing's quest to modernize growth. Pressured to reduce capacity and tackle emissions since the end of 2015, coal and metal ...

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The Mercury News

Thousands of former Corinthian Colleges students win debt relief
The Mercury News
Approximately 13,000 Californians who attended now-defunct Corinthian Colleges will see some $51 million in debt relief as part of a settlement finalized Monday between the private equity firm Aequitas Capital Management and the state's attorney ...
Settlement wipes away student loan debt for 41000ConsumerAffairs

all 4 news articles »


Bloomberg

China's Debt Swaps Surpass $100 Billion - Bloomberg
Bloomberg
The debt mountain in China has been characterized in state media as 'The Original Sin' of the financial system. Bloomberg's Emma O'Brien reports on ...

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Bankrate.com

Should we be feeling comfy with our debt?
Bankrate.com
Bankrate's latest Financial Security Index survey finds 27 percent of Americans say they're more comfortable with their debt today than they felt 12 months ago. That's up from the 24 percent who said so in our similar 2016 survey, and up from 22 ...



New York Times

A Birkin Bag in the Box Is Worth a Lifetime of Debt
New York Times
Jordan Tabach-Bank, an owner of the Beverly Loan Company, in his shop in Beverly Hills, Calif. He favors Birkin bags, here, for their high resale value. Credit Kendrick Brinson for The New York Times. After she lost her job, Angela Rivers found herself ...



Norman Transcript

Debt ceiling looms over Congressional recess
Norman Transcript
“We currently hold the largest allowable legal amount of debt,” said Gregory Burge, associate professor and graduate director in the Department of Economics at the University of Oklahoma. “What's happening between now and October is the U.S. Treasury ...

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