By Reuters Published: 02:28 EST, 10 June 2016 | Updated: 02:28 EST, 10 June 2016 By Richard Cowan WASHINGTON, June 9 (Reuters) – The U.S. House of Representatives on Thursday was poised to pass legislation creating a federal control board to help Puerto Rico cope with a crippling debt that already is wreaking havoc throughout…
The House on Thursday overwhelmingly passed a rescue package for debt-stricken Puerto Rico, clearing a major hurdle in the ongoing effort to bring relief to the U.S. territory of 3.5 million Americans. The strong bipartisan vote was 297-127 for the legislation that would create a financial control board and allow restructuring of some of Puerto…
A worker takes off U.S and Puerto Rican flag after rally of U.S. Democratic presidential candidate Bernie Sanders in San Juan, Puerto Rico, May 16, 2016. Reuters/Alvin Baez The U.S. House of Representatives on Thursday moved toward passage of legislation creating a federal control board to…
The U.S. House of Representatives on Thursday was poised to pass legislation creating a federal control board to help Puerto Rico cope with a crippling debt that already is wreaking havoc throughout the island’s economy. Bolstered by rare bipartisan cooperation between the chamber’s Republicans and Democrats and a White House announcement of support earlier on…
The U.S. House of Representatives on Thursday was poised to pass legislation creating a federal control board to help Puerto Rico cope with a crippling debt that already is wreaking havoc throughout the island’s economy. Bolstered by rare bipartisan cooperation between the chamber’s Republicans and Democrats and a White House announcement of support earlier on…
Youre not alone if youre confused about your student loans or feel stymied by your student loan servicer. More and more resources out there can help, but you cant use them if you dont know they exist. We talked to Seth Frotman, who works at the federal Consumer Financial Protection Bureau as student loan ombudsman and assistant…
The three main factors leading to over-indebtedness are often surprising to people. They often also take the people coming into high levels of debt by surprise. No, it’s not just high mortgages, expensive cars or luxurious vacations that lead to unmanageable debt levels. It’s being taken by financial surprise through the loss of work, an…
The Obama Administration is on the verge of issuing a proposed rule that would create new procedures and standards for cancelling the federal student loan debt of people who were defrauded by their colleges. The rule would also create new standards for the Department of Education to require colleges to post escalating letters of credit based…
MOSCOW Rosneft’s quarterly core earnings and debt reduction helped lift shares in Russia’s top oil producer on Wednesday despite weak crude prices slashing its net profit. Led by Igor Sechin, a long-standing ally of Russian President Vladimir Putin, Rosneft said its investment in the quarter would help generate future production and profit. Core earnings –…
Rosneft’s quarterly core earnings and debt reduction helped lift shares in Russia’s top oil producer on Wednesday despite weak crude prices slashing its net profit. Led by Igor Sechin, a long-standing ally of Russian President Vladimir Putin, Rosneft said its investment in the quarter would help generate future production and profit. Core earnings – before…