KiloGold

Sovereign Debt Weakens European Banks
The latest bank stress test revealed how exposed banks are to the government bonds of Greece, Portugal, Spain and Italy.

Read more on New York Times

Republicans’ Ideology Dooms Deal on U.S. Debt
Republican politicians know that if they even entertain the idea of higher taxes, they throw away any national ambitions.

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Alaska Congressional Delegation Split on ‘Doomsday Scenario’ of National Debt Default
President Obama warned this week that if the nation defaults on its debt in August, social security checks might not get mailed out.

Read more on Alaska Public Radio Network

What to Do? Americans Split on Debt Ceiling Fix
IT’S ALL YOUR MONEY: Concern growing about debt-ceiling debate — do you know what a hike will cost you? TAXPAYER CALCULATOR: How Much Raised Debt Ceiling Costs You? POWER PLAY: McConnell Proposal Sets Stage as Meetings Continue EXCLUSIVE: Boehner Doubts Obama’s Debt Ceiling ‘Threats’ YOU DECIDE: How Concerned Are You Over Debt Crisis?

Read more on Fox News

Africa-Israel unit securitizes NIS 840m debt with Migdal
Half Jubilee, which owns half of the Tel Aviv Government Complex, has made one of the largest securitization deals in recent years.

Read more on Globes Online

Parties assess debt options as time runs short
(AP) — Congress and the Obama administration are weighing their options as time closes in on the deadline for raising the nation’s debt ceiling, and the White House may call another meeting Sunday of congressional leaders and President Bar read more

Read more on KETK 56 Tyler

Earnings, Debt Ceiling to Dominate Coming Week
NEW YORK (TheStreet ) — The coming week features the first real rush of second-quarter earnings reports, and Wall Street will be parsing the numbers for clues about the economy. Recent data have painted a mixed picture with some good news on the inflation front but a still-weak job market. Good performance from bellwether companies could provide some evidence that the economic recovery is …

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Debt face-off shifts to Congress, bargain in play
JIM KUHNHENN Associated Press WASHINGTON Negotiations to increase the nation’s debt ceiling shifted to Congress where Republican and Democratic leaders were assessing the mood of their members even as an intricate but potentially face-saving deal to avoid an unprecedented government default was taking shape in the Senate. With an Aug. 2 deadline looming and no compromise jelling at the White …

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Americans digging out of their debt dilemmas
The average U.S. credit score is the highest in at least four years. Delinquencies on consumer loans have dropped 30 percent in two years. Improving credit quality gives households the ability to spend more.

Read more on MSNBC

Class Action Lawsuit Alleges Collection Agencies Credit Card Offer for Debt Repayment Contains Multiple Fair Debt …
Texas Class Action lawsuit filed by Weisberg & Meyers, LLC, Attorneys for Consumers, alleges Defendants Genesis Financial Solutions, NCO Portfolio Management and WebBank’s offer for a pre-approved Pearl Card® Gold MasterCard® was a debt collection communication that may have misled unwitting debtors to waive important Fair Debt Collection Practices Act rights. (PRWeb July 14, 2011) Read the full …

Read more on PRWeb