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…
House Majority Leader Kevin McCarthy (R-Calif.) said Tuesday that the House won’t attach a debt ceiling hike to a bill to fund relief efforts for Hurricane Harvey, just days after the Trump administration called for pairing the two. McCarthy told Fox Business on Tuesday that the Harvey relief bill will pass the House on its own,…
In this series, NerdWallet interviews people who have triumphed over debt using a combination of commitment, budgeting and smart financial choices. Their stories may even inspire you to pay off your debt . Responses have been edited for length and clarity. At age 25, Carrie Smith Nicholson found herself divorced and in debt. Different attitudes…
In this series, NerdWallet interviews people who have triumphed over debt using a combination of commitment, budgeting and smart financial choices. Their stories may even inspire you to pay off your debt. Responses have been edited for length and clarity. At age 25, Carrie Smith Nicholson found herself divorced and in debt. Different attitudes toward…
Republicans are planning to attach a provision to raise the debt ceiling to their initial Hurricane Harvey relief package, according to Senate GOP leadership. Sen. John Cornyn told reporters that on Tuesday that the $US7.85 billion aid package to help re-fill FEMAs coffers set to be taken up by the House on Wednesday will likely…
By and Rick Clough September 5, 2017, 2:38 PM EDT September 5, 2017, 3:17 PM EDT United Technologies Corp.s credit grades may get cut as the company loads up on debt to help finance its $23 billion takeover of Rockwell Collins Inc. Our credit rating is going to be under pressure, Chief Executive Officer Greg…