Finance Debt

China gives up part of Congolese debt to ease pressure on economy

China has canceled part of the debt owed to it by the Democratic Republic of the Congo, to help this central African country overcome the economic fallout from the coronavirus pandemic, the Congolese foreign ministry said on Wednesday. The ministry did not say how much was forgiven. The deal was …

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Expiration of bankruptcy relief threatens recovery

Small Business Startup News Written by Ken GaeblerPosted: 3/8/2021 A regulatory provision to help small businesses survive the pandemic will expire later this month, unless Congress takes immediate action. The Small Business Reorganization Act (SBRA) was passed by Congress in August 2019 and took effect in February 2020, just as …

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Customers Need Debt Relief: Commissions and Utilities Can Help

Part of NRDC’s end-of-year series examining climate and clean energy developments in 2020 With millions of Americans significantly behind on their electricity and water bills, no further federal aid on the horizon, and moratoria on utility shutdowns expiring, the United States faces an economic crisis and worsening public health. As …

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Senate rejects DeVos rule restricting debt relief for bilked students

WASHINGTON – In a bipartisan reprimand, the Senate on Wednesday voted to overturn a major Trump administration rule that would significantly limit debt relief for students misled by schools that lured them in with false claims on the careers and income prospects of their graduates. In a 53-to-42 vote that …

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Debt Relief Now More Difficult for For-Profit College Students

For-profit colleges are accused of cheating on students across the country and leaving them with a legacy of student debt. Predatory schools have reportedly targeted veterans for their GI benefits and have also reportedly targeted low-income communities and communities of color. Now, controversial new rules will make it harder for …

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Zimbabwe: The Zimbabwe Crisis – A Paradigm Shift From False Expectations Of Reform In A Securocratic State

BY National Dialogue: Based on an honest acknowledgment of the issues raised above. If this is the case, then it is urgent to take stock of the various attempts at national dialogue so far, to understand why they have not achieved their objective and to make an honest assessment on …

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Buenos Aires Hours | Guzmán confirms 99% of external debt restructured in swap

Economy Minister Martín Guzmán revealed on Monday that 93.55% of bondholders under Argentina’s $ 66 billion foreign debt restructuring deal have accepted the government’s terms, activating collective action clauses to bring overall acceptance to 99%. The Minister, speaking at an event at the Casa Rosada Bicentennial Museum, announced the news …

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Biden officials plan to take action to ease student debt – Texomashomepage.com

The Biden administration is examining whether it can take steps to ease student debt through executive action, even as it continues to call on Congress to pass legislation to help borrowers and their families. A tweet from White House press secretary Jen Psaki appeared to go beyond her comments at …

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Representative Kessinger details thought process on Abortion Cancellation Notification Bill

Rep. Jan Kessinger. At every legislative session, we offer elected officials in the Shawnee Mission area the opportunity to share their thoughts on what is happening in the state capital. Representative Cindy Holscher, Representative Jan Kessinger and Senator Jim Denning are expected to send updates this week. Here is Representative …

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Imran Khan urges global community for debt relief as Pakistan coronavirus cases hit 5,230

The Global Debt Relief Initiative will bring together stakeholders on a platform to promote a coordinated health and economic response, he said. Prime Minister Imran Khan on Sunday urged the global community to launch an initiative to ease the debt of developing countries battling the novel coronavirus, with Pakistan reporting …

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