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1-10 results from 1000 for query «debt»

May 25, 2017 1:46 AM New York MTA Approves $2.9 Billion Capital Spending Increase

Some agency board members wary of the 10% bump, funded by $1.6 billion in borrowing Metropolitan Transportation Authority board members warned of the danger posed by the agency’s rising debt Wednesday, even as they approved a $2.9 billion capital spending increase funded with $1.6 billion of new bonds. A trio of appointees of New York Mayor Bill de Blasio 11

May 24, 2017 8:39 PM Five startling things Betsy DeVos just told Congress

Does this sound familiar? Betsy DeVos went to Capitol Hill to testify before U.S. lawmakers. She didn’t answer a lot of direct questions and engaged in some contentious debates with some members. That happened in January when she went before the Senate Education Committee for her confirmation hearing, during which she said schools needed guns to protect 22

May 24, 2017 7:09 PM Moody’s Serves Warning to China

Downgrade tells Beijing that others believe its growth model isn’t working BEIJING—China’s first downgrade by Moody’s Investors Service since 1989 was a direct warning to Beijing that its growth model isn’t working and an illustration of the disconnect between the view inside and outside China of its economic management. While China acknowledges it has built 13

May 23, 2017 8:37 PM Glencore Makes Takeover Approach to Bunge

Deal for grain trader would make Swiss mining giant a major player in U.S. agriculture market Glencore PLC said Tuesday it has approached grain trader Bunge Ltd. about a merger, a deal that would make the Swiss mining giant a major player in the U.S. agriculture market. In confirming the approach, Glencore said there is no certainty such a combination 17

May 23, 2017 7:41 PM It’s not just programs for the poor. Trump’s budget calls for vast changes to government

President Trump on Tuesday proposed a new process for closing numerous military bases, the elimination of government funding for public radio and television, and cuts of more than $1 billion to after-school programs. He called to weaken the Consumer Financial Protection Bureau (CFPB), defund several programs that study climate change, cut research on infectious 112

May 23, 2017 1:43 PM Even some Republicans balk at Trump’s plan for steep budget cuts

President Trump’s proposal to cut federal spending by more than $3.6 trillion over the next decade, much of it for programs that help the poor, faces harsh criticism in Congress, where even many Republicans say the White House has gone too far. But fiscally conservative lawmakers, particularly in the House, found a lot to praise in Trump’s plan, which 124

May 23, 2017 1:18 AM Trump budget shows tiny surplus in 10 years, with rosy economic forecast and trillions in domestic cuts

President Trump in his first full budget says he will produce a surplus in a decade, though his fiscal pathway relies on projections of growth more optimistic than government and private-sector economists expect and deep cuts in anti-poverty programs such as Medicaid. The budget to be released Tuesday will show that the annual federal deficit, which 19

May 22, 2017 10:10 AM Trump’s first budget: Why attention must be paid to it

The Trump administration is delivering its first budget tomorrow. That raises at least two questions. First, we need to cut through the partisan noise and figure out what all these numbers are telling us about the administration’s priorities. Are the fiscal plans intended to make America great again or just to give rich Americans a big tax cut again 24

May 22, 2017 8:52 AM Pedro Sánchez Chosen to Lead Spain’s Socialists

Former party leader, re-elected Sunday, calls on party to reaffirm its leftist credentials MADRID—Spain’s Socialists re-elected a former party leader who had taken a hard line against conservative Prime Minister Mariano Rajoy, increasing the possibility of new parliamentary elections within the next year. Spanish bond yields rose slightly on Monday in response 11

May 19, 2017 9:32 PM Betsy DeVos hits hard reset on student loan servicing contracts

The Education Department said Friday that it will select one company to collect student debt payments on its behalf, rather than the nine contractors that currently handle the federal government’s $1.2 trillion portfolio of education loans. The decision, which would take effect once the existing contracts expire in 2019, reverses years of policy implemented 22