Biden's student debt forgiveness plan remains in limbo
Why Biden's student-loan forgiveness plan is legal and should be reinstated by the Supreme Court, according to 44 economists, legal experts, and advocates
Millions of student-loan borrowers are waiting for the Supreme Court to decide if the relief can move forward. Here's why experts think it should.
The federal student loan payment moratorium has been extended from Dec. 31 to June 30, 2023. The Biden administration made the move Nov. 22 as it awaits a Supreme Court ruling on the debt...
- USA TODAY
"Zombie debt” - old loans with new collection actions - are resurfacing as properties gain equity. Should homeowners pay?
(Bloomberg) -- Puerto Rico’s bankrupt public electric utility, which powers most of the island, faces a Dec. 1 deadline to file a debt-cutting proposal to the court, a time limit that could prove a turning point in its five-year workout.Most Read from BloombergApple Faces Deficit of 6 Million IPhone Pros on China TumultNext Covid-19 Strain May be More Dangerous, Lab Study ShowsThere’s a Job-Market Riddle at the Heart of the Next RecessionWhile the commonwealth ended its record bankruptcy in Marc
There's a strong likelihood you might be practicing some good spending habits already. Even if you aren't, it's never too late to begin. Explore: GOBankingRates' Best Credit Cards for 2023Learn More:...
The relief includes cash payments with respect to both pre-petition and post-petition periods, subject to limits established by the orders of the Bankruptcy Court. "With the Court's approval of our First Day motions and the work being done on global cash management, I am pleased that the FTX group is resuming ordinary course cash payments of salaries and benefits to our remaining employees around the world," Chief Executive John Ray said in a statement. Last week, at the troubled crypto exchange's first bankruptcy hearing attorneys said FTX was run as a "personal fiefdom" of former CEO Sam Bankman-Fried and detailed on going challenges such as hacks and substantial missing assets.
- Motley Fool
Here's the deal: Most of us face similar financial issues. As someone who experienced this when Jimmy Carter was president, I can't say that I'm panicked (mostly because I know it won't last), but I'm still feeling the pinch. There's something satisfying about defying the current economic conditions by putting money away rather than allow it slowly seep from your bank account.
- Motley Fool
Image source: Getty Images The holidays tend to be a magical time -- but also, an expensive one. And part of the reason is that there's a lot of pressure to purchase gifts for the people in your life.
(Bloomberg) -- The check for more than a decade of cheap corporate borrowings is coming due.Most Read from BloombergScientists Revive 48,500-Year-Old ‘Zombie Virus’ Buried in IceBanks Stuck With $42 Billion Debt Seize Chance to Offload ItThese Are the Best and Worst Cities for Expats to Live and Work InApple to Lose 6 Million iPhone Pros From Tumult at China PlantThis Is Where Luxury Property Prices May Rise and Fall the Most in 2023In less than 24 hours, petrol forecourt business EG Group and G
Some financial experts will tell you that having any type of debt is a bad thing. After all, debt reduces your net worth, strains your cash flow and costs you extra money in interest charges. Holiday...
(Reuters) -BlockFi, the first direct casualty of crypto exchange FTX's collapse, told a U.S. bankruptcy judge on Tuesday that the U.S. cryptocurrency lender was "the antithesis of FTX" and that it would seek to return customer funds as quickly as possible. BlockFi filed for Chapter 11 protection on Monday, citing FTX's collapse and volatility in the crypto markets. Earlier in November, BlockFi had paused withdrawals from its platform amid uncertainty about FTX's stability.