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Washington Post

Judge rejects DeVos's interpretation of order to halt partial student debt relief plan
Washington Post
The decision clarifies the scope of the judge's ruling in May banning the Education Department from using earnings data to grant partial student loan forgiveness to Corinthian students and halting collection on their federal debts. The agency ...
Education Department ordered to stop collecting debts from defrauded Corinthian College studentsThe Hill

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CNBC

The ECB has lost its independence in the wake of the debt crisis, a former member claims
CNBC
The European Central Bank (ECB) has lost its independence after gaining additional powers following the 2011 sovereign debt crisis, a former member of its Governing Council has told CNBC. Panicos Demetriades, formerly head of the Cypriot Central Bank, ...



USA TODAY

Pay off debt or save for retirement? The answer is actually "both"
USA TODAY
One of the biggest challenges to making smart money decisions is that many important goals compete for our limited dollars. That's exactly the case for folks who want to save for retirement but also get out of debt. There's nothing like time — and ...



CNBC

How to help your child head off student loan debt
CNBC
If you want to have a financially savvy college student, start talking to your child about money while she's still in diapers. It's never too early to begin talking to your kids about financial literacy, said certified financial planner Marguerita M ...



Bloomberg

Sovereign Debt Writedowns Draw Closer in Franco-German Plan
Bloomberg
Replacing this cumbersome “two-limb” voting procedure with a single-limb aggregation clause requiring a single vote by holders of the affected bonds would make it harder for holdouts to resist debt restructuring attempts when the majority of investors ...



Wall Street Journal

Trade Fight With US Complicates China's Campaign to Contain Debt
Wall Street Journal
The domestic back-and-forth over whether to press ahead or ease off on the campaign to reduce debt underscores the balancing act facing the Chinese leadership as it tries to fight a trade war with the U.S. while keeping China's economy from tanking.

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BBC News

Personal debt levels in Northern Ireland 'highest in UK'
BBC News
Personal debt in Northern Ireland - excluding mortgages - is higher than any other part of the UK. Adults in the region owe £3,990 on average in unsecured debt, according to new research by the Financial Conduct Authority (FCA). The figure is £670 more ...



Caixin Global

Editorial: China Must Oppose Bailouts for Local Government Debt
Caixin Global
Cases of local government employees in China demanding overdue wages have emerged recently, causing widespread concern. The stories vary, but most of them have the same root cause: the uncovering of local government debt risk, and the subsequent ...



U.S. News & World Report

Greece Expects Substantive Debt Relief Decisions From Eurogroup
U.S. News & World Report
Shut out of debt markets in 2010, Greece is set to exit its international bailout program formally in August. The Eurogroup will discuss debt relief to ensure Athens can return to market financing after eight years of loans from euro zone governments ...

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Wider US trade gap spurs 6.9% increase in nation's debt ledger to other countries
MarketWatch
The numbers: The U.S. current-account deficit, a measures of the nation's debt to other countries, rose 6.9% in the first quarter mostly because of a wider trade gap in goods, the government said Wednesday. The current-account deficit increased to $124 ...


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