Louisiana to refinance debt for $82 million to help close this year’s budget gap – The Advocate

Louisianas top officials agreed Thursday to refinance state debt to generate $82 million in quick cash to help close gaps in this years budget. The Bond Commission agreed to the financing maneuver over the objections of its chairman, Treasurer John Kennedy. Lawmakers assumed the additional cash in its budget rebalancing work during the recently-added special…

Government agency shuts down student debt relief company – Washington Post

Government agencies are cracking down on student debt relief scams. (iStock). A federal judge has approved a judgement order to shut down a student debt relief company that the Consumer Financial Protection Bureau has accused of illegally charging upfront fees before providing any services to unwitting borrowers. Student Loan Processing, which also operates as IrvineWebWorks, has 45 days to cease…

‘Hamilton’ star joins Dems to push for Puerto Rico debt relief – The Hill (blog)

Hamilton star and creator Lin-Manuel Miranda on Tuesday joined Democrats on Capitol Hill to call on Congress to pass legislation allowing Puerto Rico to declare bankruptcy amid its growing financial crisis.  “It’s a solvable, fixable issue. What we really need is help, and what we really need is help from Congress,” Miranda said during a press conference. “If…