After months of pressure, Gov. Bruce Rauner announced Thursday that hell sell $6 billion in bonds to help pay off Illinois staggering bill backlog a debt that dragged the state down with interest penalties reaching $2 million a day. Illinois Comptroller Susana Mendoza has been pushing for the bond sales for more than a month,…
The House on Wednesday approved $7.85 billion in Hurricane Harvey disaster relief, setting up a controversial legislative maneuver in which the bill is expected to be paired in the Senate with legislation raising the debt ceiling. The Harvey aid was easily cleared in an overwhelming 419-3 vote, but the margin could be closer if lawmakers are…
Toys R Us Inc. has retained lawyers from Kirkland & Ellis LLP to help restructure $400 million in debt due next year, a person familiar with the matter said, the latest move by the toy chain as it struggles with growing online competition. The Wayne, N.J.-based retailer has been burdened with debt since private-equity owners…
Company donates $100,000 for Harvey relief, triples employee contributions for hurricane recovery San Mateo, Calif. (PRWEB) September 06, 2017 Freedom Debt Relief (FDR), a subsidiary of Freedom Financial Network (FFN) an innovative financial services company that enables consumers to overcome debt, build wealth and achieve better financial health has established a charitable contribution fund to…
ON BOARD AIR FORCE ONE, Sept 6 (Reuters) – President Donald Trump backed a three-month increase in the U.S. debt ceiling to help clear the decks in Congress in September and focus on tax reform, White House legislative affairs director Marc Short told reporters on Wednesday. (Reporting by Roberta Rampton, writing by Jeff Mason; Editing…
By Jodi Xu Klein and Eliza Ronalds-Hannon September 6, 2017, 3:42 PM EDT Toys R Us Inc. has tapped lawyers at Kirkland & Ellis to help restructure its heavy debt load, said people familiar with the matter, the latest sign of trouble for a once-mighty retailer that has struggled to fend off Amazon.com Inc. and the…
By Mike DeBonis, Kelsey Snell and Elise Viebeck, President Trump confounded leaders from his own party on Wednesday by siding with Democrats on plans to fund the government and raise the debt ceiling, upending negotiations on a variety of crucial policy areas this fall and further damaging relationships with Republicans on Capitol…
(WASHINGTON) Democratic leaders say President Donald Trump has agreed to a plan to fund the government and increase the nation’s debt limit for three months as part of a deal to rush disaster aid to Hurricane Harvey victims. House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer announced the agreement Wednesday after meeting…
Saul Loeb | AFP | Getty Images President Donald Trump speaks alongside Senate Majority Leader Mitch McConnell (R), as they hold a meeting about tax reform in the Roosevelt Room of the White House in Washington, DC, September 5, 2017. America’s budget woes are re-emerging as a flashpoint for debate on Capitol Hill, complicating Republicans’…
Social democracy has proven to provide the best balance of prosperity, justice and sustainability, Sachs says. Sustainable development means an economy that is prosperous, fair and environmentally sustainable. That is the perfect framework for Greeces economic recovery. That is how celebrated American economist and Columbia University professor Jeffrey Sachs explains the significance of the…