Posts Tagged ‘Debt’

Consumer credit card debt down

Latest Personal Loan Offers: Linda Young – AHN News Writer Washington, D.C., United States (AHN) – Consumers decreased their credit card debt by 11 percent last year, with the average debt load declining in every state. That information came from a report released Tuesday by credit tracking and financial education website CreditKarma.com. It analyzed data [...]

Two major publishers announce bad news for newspaper industry

Matthew Borghese – AHN News Contributor Tampa, FL, United States (AHN) – It’s beginning to be a tough week for newspapers, with one major publication announcing a round of lay-offs, while another publisher announces bankruptcy. Media General announced Monday that it will let go 165 staffers from the Tampa (FL)Tribune newspaper, TBO.com, and other community [...]

Obama sends Europeans back home with empty promises

Tejinder Singh – AHN News Correspondent Washington, DC, United States (AHN) – The United States-European Union summit here ended without any fiscal help emerging from the U.S. as ambassadors from both sides provided a read-out of the meeting while the host president brushed aside chances of any news-making headlines emerging. President Barack Obama, along with [...]

Obama respite for Americans burdened with student loan payments

Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – The White House on Tuesday announced a series of measures including plans to help ease the loan payment burden of college students defining its efforts, “to make college more affordable and to make it even easier for students to repay their federal student [...]

White House relents more while negotiations continue to avoid debt payment default

Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – There was no word on the outcome of the Wednesday evening meetings in the White House where Democratic congressional leaders and the top two House Republicans met with President Barack Obama for separate meetings according to officials. With the White House and the [...]

Obama asks Congress to cancel vacations, deal with challenges

Tejinder Singh – AHN News Correspondent Washington, DC, United States (AHN) – President Barack Obama on Wednesday asked U.S. lawmakers to forego their vacations and instead concentrate on solving the nation’s problems, especially debt reduction, as he did in the recent past dealing with bin Laden and others. Addressing journalists at a press conference in [...]

Basics of Loan Costs

With a growing number of people having trouble qualifying for traditional loans, a number of alternative loan products have gained popularity, mostly to help people with debt relief, or consolidation loans. There are three types of loans in particular that have become very popular since the credit crunch and each one has costs that the [...]

Greek PM Papandreou survives confidence vote

Vittorio Hernandez – AHN News Athens, Greece (AHN) – Greek Prime Minister George Papandreou survived a confidence vote on Wednesday after all 155 legislators from his Socialist Party supported the embattled government. The votes met the 151-vote requirement of the country’s 300-seat Parliament. There were 143 lawmakers who voted against the government and two abstentions. [...]

California governor vetoes state budget

Vittorio Hernandez – AHN News Sacramento, CA, United States (AHN) – California Governor Jerry Brown (D) vetoed on Thursday the state budget approved on Wednesday by Democratic state legislators. Brown explained that he vetoed the budget because it was not a balanced solution to California’s $26-billion budget deficit. The governor said the proposed budget document [...]

Greece is the world’s least credit worthy nation

Vittorio Hernandez – AHN News Athens, Greece (AHN) – Ratings agency Standard & Poor’s reduced Greece’s credit ratings to CCC from B on Monday. The three-notch cut made Greece the world’s least credit worthy nation. S&P explained that it had to cut Athens’ rating because of the chances that the country would likely default on [...]

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