Treasury Secretary Janet Yellen notified Congress that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures.”
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Read More »January 13, 2023 Comments Off on Yellen tells Congress US expected to hit debt limit Thursday
Treasury Secretary Janet Yellen notified Congress that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures.”
Tagged with: debt limit default janet yellen
Read More »September 10, 2013 Comments Off on Study: U.S. could default as early as Oct. 18
WASHINGTON — The United States could default on its obligations as early as Oct. 18 if Washington fails to agree on legislation to raise the government’s borrowing cap, a new study predicted Tuesday. The Bipartisan Policy Center analysis says the ...
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Read More »September 3, 2012 Comments Off on Surgeon pays price for defaulting on loan deal
A surgeon has agreed to work at an underserved hospital in Arizona for the next three years as part of a deal to work off half of $1.07 million in unpaid medical school loans, interest and treble damages she incurred by defaulting on a federal loan-forgiveness program.
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Read More »July 30, 2012 Comments Off on Post office nears historic default on $5B payment
WASHINGTON — The U.S. Postal Service is bracing for a first-ever default on billions in payments due to the Treasury, adding to widening uncertainty about the mail agency’s solvency as first-class letters plummet and Congress deadlocks on ways to stem ...
Tagged with: bank of america corp Bankruptcy Citigroup Inc. Congress default JPMorgan Chase & Co. payment post office u.s. postal service
Read More »July 18, 2012 Comments Off on Government opens program to sell troubled loans
WASHINGTON — The government has opened a program for investors to buy troubled mortgages in hard-hit areas and work out terms with homeowners in an effort to avoid foreclosures. The government on Wednesday announced the planned sale of about 3,500 ...
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Read More »April 12, 2012 Comments Off on U.S. foreclosures drop 16% in 1st quarter
The number of foreclosure filings in the U.S. during the first quarter of 2012 was down 16 percent from the opening quarter of 2011, possibly signaling a “hairline crack” in the pent-up housing market, a new report released Thursday said. ...
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Read More »March 15, 2012 Comments Off on Foreclosure filings up in Baltimore metro area
While the number of foreclosure filings in the United States decreased by 2 percent from January to February, the Baltimore metropolitan area saw a 32 percent increase, new data show. There were 698 foreclosure filings — default notices, scheduled auctions ...
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Read More »November 15, 2011 Comments Off on Post office near default? Losses mount to $5.1B
WASHINGTON — The U.S. Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive ...
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Read More »November 10, 2011 Comments Off on U.S. foreclosure activity hit 7-month high in Oct.
LOS ANGELES — More U.S. homes entered the foreclosure process in October than in the previous month, with Florida, Pennsylvania and Indiana registering among the largest monthly increases, new data show. Some 77,733 properties received an initial default notice last ...
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Read More »November 3, 2011 1 Comment
WASHINGTON — Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter. Freddie Mac said Thursday that it lost $6 billion, or $1.86 per share, in the July-September quarter. ...
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