Student Loan Debt
How advisors can help clients understand the burden of student loan debt and the best ways to reduce, eliminate or manage the debt load.
April 18, 2011
White House, Treasury Criticize S&P's Negative OutlookWhite House economic advisor Austan Goolsbee calls S&P's move a ‘political judgment that doesn’t deserve much weight.’
April 18, 2011
Geithner, Ryan Clash Over Government Debt LimitTreasury Secretary Timothy Geithner said Sunday that Republicans had assured the president that they would raise the debt limit, but Rep. Paul Ryan, R-Wis., said that no such deal had been made and an increase in the debt limit would have to come as part of a deal on spending.
April 12, 2011
CBO Estimates '11 Budget Deficit to Hit Record $1.5 TrillionThe $38 billion in spending cuts agreed to last week won't prevent this year's budget deficit from setting another record high, estimated at $1.5 trillion.
April 12, 2011
Greek Bond Sale Sees Demand, Yield Slightly Higher Post-BailoutTuesday’s auction by Greece of some 1.63 billion euros ($2.35 billion) in 6-month T-bills, while presenting slightly higher yields than its last auction in March, also drew more interest from foreign investors and somewhat higher demand.
April 08, 2011
PIMCO’s El-Erian: Portugal Actions Represent ‘New Phase’ in European Debt CrisisPortugal’s decision to follow Greece and Ireland in seeking a European Union-led bailout may mark a watershed in the region’s debt crisis, according to PIMCO chief Mohamed El-Erian.
April 06, 2011
FASB Unveils Update to Improve Reporting for Debt RestructuringsThe Financial Accounting Standards Board has issued an update that aims to improve financial reporting through greater consistency in the way generally accepted accounted principals (GAAP) is applied to debt restructurings.
April 05, 2011
FASB Unveils Update to Improve Reporting for Debt RestructuringsThe Financial Accounting Standards Board has issued an update that aims to improve financial reporting through greater consistency in the way generally accepted accounted principals (GAAP) is applied to debt restructurings.
April 01, 2011
Ireland Disappointed by ECB in Wake of Stress TestsIreland had hoped that the European Central Bank would announce a new funding plan on Thursday just after the results of stress tests on Ireland’s banks were made public.
March 31, 2011
Euro Zone Downgrades Not Over Yet: Moody’sMoody’s Investors Service said Thursday that downgrades to troubled nations in the euro zone were not over, thanks to inadequate measures to resolve the ongoing debt crisis that were announced last week by the European Union.
March 25, 2011
Pimco’s El-Erian Pessimistic on Japan Recovery, Europe Debt CrisisPIMCO's CEO and co-CIO warns of a slower Japan recovery from earthquake and its aftermath, and worries about Europe’s ineffective response to the debt crisis.