The tax relief is good only through January 2026, but lawmakers say it is a key step in canceling some of the $1.5 trillion in federal student loans held by 45 million Americans. Among the many concerns surrounding widespread forgiveness is whether debt relief would be subject to taxation, which could undermine the benefit to…
Things were looking shaky for Indonesia this time last year. Their exchange rate fell 20 percent from February to April. Their $410 billion of foreign debt swelled as their currency plunged. The collapse in tourism and fall in commodity prices meant the foreign exchange they normally used to finance those debts was evaporating. The sudden…
CLOSE The White House announces the US is making an additional 900,000 doses of Pfizer and Moderna vaccines available this week. White House press secretary Jen Psaki also says that President Joe Biden’s signature will not be on any relief checks, (March 9) AP Domestic WASHINGTON A warning for Americans who will receive $1,400 stimulus…
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The number of low-income countries eligible for debt-service relief has doubled in the last decade. Heres how to help them. The COVID-19 pandemic and the accompanying economic lockdowns have deepened inequality both within national borders and across the globe. Many low-income countries have suffered a severe economic contraction that has derailed budgets and created urgent…
The relief bills provision mirrors a bill introduced in the Senate last month by a group of senators including Senators Reverend Raphael Warnock (D-GA) and Cory Booker (D-NJ). (That bill, in turn, draws on the Justice for Black Farmers Acta more sweeping piece of legislation that would issue land grants to Black farmers to make…
TurboFinance guides users on debt relief. Debt relief programs offer ways for individuals who are financially struggling to help manage some of their debt by arranging for more affordable payments and eventually eliminate their debt. LOS ANGELES (PRWEB) March 09, 2021 Professional debt consultants TurboFinance have released their informational guide for consumers looking to mitigate…
This article is reprinted by permission from NerdWallet. It can seem completely counterintuitive, right? If credit cards are what got you into debt in the first place, why on earth would you go and apply for another one as youre trying to tackle that debt? You could risk making things even worse. That certainly could…
The Australian private debt continues to offer attractive risk-adjusted returns and remains an asset class offering one of the most attractive risk-adjusted return profiles, according to Evergreen Ratings. Evergreens chief executive, Angela Ashton, said with Australia Prudential Regulation Authority (APRA)-regulated authorised deposit-taking institutions (ADIs) facing more onerous macro-prudential guidelines, the domestic market saw more borrowers…
Democrats won Senate approval Saturday of President Joe Bidens $1.9 trillion economic stimulus package after modifying some provisions to assuage party moderates but preserving historic debt relief for minority farmers that Republicans tried to strip from the bill. Because of a number of changes made by the Senate, which passed the bill 50-49 after an…