Leading Democrats are backing a proposed bill to legalize sports betting and online gambling with plans to fund Connecticuts debt-free community college program through iLottery revenue. In 2019, the state established the Pledge to Advance Connecticut, or PACT, program to cover the leftover costs of attending one of the states community colleges after students received…
WASHINGTON President Joe Biden is considering taking executive action to provide federal student loan debt relief to borrowers nationwide as he continues to call on Congress to take action amid the ongoing coronavirus pandemic. >> Read more trending news In a post published Thursday on Twitter, White House press secretary Jen Psaki said members of…
SUDBURY Laurentian University filed for creditor protection on February 1, citing years of operational deficits alongside decreasing enrolment and increased expenses due to the pandemic. As a result of recurring operational deficits in the millions of dollars, Laurentians factum says, LU is experiencing a liquidity crisis and is insolvent. Court documents indicate that the university…
article If youre considering debt consolidation or debt settlement, be sure you understand the differences between these similar-sounding options. (iStock) Debt can keep you up at night especially when you owe multiple creditors. If you have credit card debt, medical billsand outstanding loans, staying on top of monthly payments can be overwhelming. If youre interested…
(AP) – The Biden administration is reviewing whether it can take steps to provide student debt relief through executive action, even as it continues to call on Congress to pass legislation to help borrowers and their families. A tweet by White House press secretary Jen Psaki appeared to go further than her comments at a…
2008 and 2020 arent the only times Australias economy has teetered. It was in the drink in the 1930s too. After the Wall Street stock market crash in New York in 1929, the world was plunged into The Great Depression. Black Tuesday hit Australia hard, with the collapse of international commodity prices, including wheat and…
Perini Navi declared bankrupt Last week, the Court of Lucca (Tuscany) rejected the plan to debt restructuring presented by the Perini Navi shipyard, declaring the company bankrupt. Founded in 1983 by Fabio Perini, the superyachts builder, known especially for the Maltese Falcon, has a cumulative debt close to 100 M. The bankruptcy comes despite british…
In the backdrop of the COVID-19 pandemic and the worldwide economic recession, Finance Minister Nirmala Sitharaman presented her third budget on February 1, 2021, making it her shortest one yet at 10,500 words and lasting around 110 minutes. The focus was to reset the economy by spending heavily on infrastructure development and upping the healthcare…
He would look to Congress to take the next steps, she said. Legal scholars have fallen on either side of the issue of whether Biden has the power himself to address loan relief, with some saying the move would be unlikely to survive a legal challenge. The Trump administration took steps to block broad debt…
Despite the doom and gloom of the pandemic year of 2020, the Corporate and Personal Insolvency statistics for England and Wales appear to be a surprise. It is only when you unpack the reality of the figures that perhaps the true extent of the problem that companies and individuals in the UK are going to…