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Tag Archives: debt

Boehner: ‘We’re not going to default’ on debt

WASHINGTON — House Speaker John Boehner promised Thursday that the GOP-controlled House won’t miss a late-February deadline to increase the government’s borrowing cap. “Look, we do not want to default on our debt, and we’re not going to default on ...

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AG settles $3.5M debt of 995 soldiers

ALBANY — New York Attorney General Eric Schneiderman says his office has reached agreement with a finance company to clear $3.5 million of debt for 995 soldiers who shopped at a retailer outside the Army's Fort Drum that sold computers and other electronics at inflated prices and credit terms.

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Borders files for Ch. 11 bankruptcy protection

NEW YORK CITY — Bookseller Borders, which helped pioneer superstores that put countless mom-and-pop bookshops out of business, filed for bankruptcy protection Wednesday, sunk by crushing debt and sluggishness in adapting to a rapidly changing industry.

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Getting blood from a stone

One of the biggest detriments to criminal offenders’ successful reentry into society is the amount of debt imposed on them through state fees or other fines related to their crime. The issue is examined in a recent report ...

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Government debt explosion turns corner

WASHINGTON, D.C. — The government’s explosive borrowing has hit a turning point: It’s expected to drop 18 percent this year after setting a record high last year. The brighter picture is due to higher tax revenue ...

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