US seeks to boost Ukraine aid, push debt restructuring at India G20 meeting – La Prensa Latina

Gandhinagar, India, July 16 (EFE).- The United States will seek to increase financial assistance for war-torn Ukraine and push for debt restructuring during a G20 Finance meeting in India, US Treasury Secretary Janet Yellen said Sunday. Yellen said Ukraine was one of the priorities at the meeting of finance ministers and central bank heads of…

Yellen 'eager' to work with China on debt, other global challenges – Reuters

GANDHINAGAR, India, July 16 (Reuters) – U.S. Treasury Secretary Janet Yellen said on Sunday she was “eager” to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered. At a press conference before a meeting of Group of…

If you're under 40, Biden's latest student-debt relief plan probably isn't much help – Yahoo News

US President Joe Biden.Saul Loeb/Getty Images The Biden administration will forgive $39 billion of student debt for about 800,000 borrowers. Only those who’ve made repayments in an income-driven plan for either 20 or 25 years are eligible. That means the policy probably isn’t much help to anybody younger than 40. Joe Biden’s latest student-debt relief…

Biden administration forgives $39 billion in student loan debt to more than 800,000 borrowers – Fox Business

Pennsylvania Rep. Dan Meuser and Fox News contributor Liz Peek forecast the consequences of President Biden’s student loan handouts on ‘The Evening Edit.’ The U.S. Department of Education announced Friday it “will begin notifying more than 804,000 borrowers that they have a total of $39 billion in Federal student loans that will be automatically discharged…

UN agency pushes for debt repayment breaks as poverty rates rocket – The Guardian

An additional 1.65 million people have been pushed into extreme poverty in the worlds poorest countries after a succession of economic shocks since the Covid pandemic, according to the United Nations. In a report highlighting the human cost of inaction, the UN Development Programme (UNDP) said low-income countries urgently needed breaks from their debt repayments…