Jan 23 During trip, Yellen pushes for China to address Zambia’s heavy debt burden By Fatima Hussein, Associated Press U.S. Treasury Secretary Janet Yellen says on the second leg on her African tour it's "critically important" to address Zambia's debt crisis. Experts say a prolonged debt crisis could lead Zambia deeper into poverty and joblessness and exclude it from… Continue reading
Jan 15 Watch 5:00 What you need to know about interest-free payment plans By John Yang, Claire Mufson As prices remain high from inflation, the concept of "buy now, pay later" is gaining popularity among consumers. Companies like Affirm, Afterpay and Klarna allow customers to take an item home right away and pay for it over time in… Continue watching
Dec 28 WATCH: Student debt relief is in legal limbo, but advocates still have a ‘toolbox’ of solutions By Nicole Ellis, Casey Kuhn President Joe Biden’s latest student debt cancellation plan, designed to clear up to $20,000 in student loan debt for some 40 million Americans, is going to be in legal limbo until the Supreme Court rules on its constitutionality. Continue reading
Dec 03 Watch 3:42 A Brief But Spectacular take on abolishing debt By Moe Sattar, Melissa Williams, Ana Davila Astra Taylor is a writer, documentary filmmaker and debt abolitionist who speaks and teaches about the power that debtors can wield. Taylor shares her Brief But Spectacular take on student loans and rethinking what it means to be in debt. Continue watching
Apr 12 WATCH: How student loan debt disproportionately hurts Black borrowers By Casey Kuhn, Nicole Ellis, Hannah Grabenstein Americans, in total, owe nearly $1.75 billion in student loan debt, with more than 44 million people owing, according to a 2020 NAACP report. Continue reading
Jun 30 IMF and World Bank say Sudan meets initial debt relief criteria By Samy Magdy, Associated Press The World Bank and the International Monetary Fund have announced that Sudan has met the initial criteria for over $50 billion in foreign debt relief. Continue reading
Mar 18 Students who got partial loan relief to see full discharge By Carole Feldman, Associated Press The Education Department says the change could lead to $1 billion in loans being canceled for 72,000 borrowers, all of whom attended for-profit schools. Continue reading
Mar 04 CBO expects U.S. federal debt to double over next 30 years By Josh Boak, Associated Press The long-term drivers of managing the debt are rising interest rates and spending on programs such as Social Security and Medicare. Continue reading
Jan 22 Watch 7:35 Trump leaves office facing mounting debt, devalued assets and scarcity of willing lenders By Paul Solman, Lee Koromvokis One of the consequences of the chaos of the U.S. Capitol is a distancing of banks and other business from former President Trump. He now faces a delicate and difficult situation with his businesses, debt and taxes. Paul Solman reports. Continue watching
Jan 07 Warren’s new bankruptcy plan could spark a clash with Biden By Will Weissert, Associated Press The Massachusetts senator on Tuesday unveiled a plan she said would make the process of declaring bankruptcy easier and cheaper for many Americans with debts they can’t pay. It also would largely undo a 2005 law that was backed by… Continue reading