Lenders taking more borrowers to court over student loans
Fall behind on your student loans these days and you could end up getting more than hectoring phone calls and threatening letters. Some lenders are taking more people to court, attorneys say.
House GOP floats debt limit alternatives as deadline looms
Washington is barreling toward a deadline to raise the government’s borrowing cap and avert a first-ever default on U.S. payments, but there’s no sign yet on Capitol Hill of a viable solution.
Default rate for repaying student loans drops
The Education Department says there’s been another drop in the percentage of people who are defaulting on their student loans in the first years of repayment.
Report: Private student borrowers can’t get help
Millions of Americans still struggle with high-cost private student loans, with many tumbling into default because the companies servicing the loans aren’t offering reasonable options for improved terms, a new report says.
KiOR stares down default on MDA loan
If KiOR does not finalize the details of a $25 million commitment from a California investor within the next nine days the company expects to default on a $75 million loan it received from the state of Mississippi.
Speaker Boehner: ‘We’re not going to default’ on debt
House Speaker John Boehner promised Thursday that the GOP-controlled House won’t miss a late-February deadline to increase the government’s borrowing cap.
U.S. never defaulted on its debt? Not so fast
WASHINGTON — You hear the same proud claim every time Washington wrestles with the debt limit: The United States has never defaulted. But the record’s
As capital looks to avert shutdown, default looms
WASHINGTON — Congressional Republican leaders and the Obama administration are trying to cut a deal that avoids a government shutdown in October while facing what
Postal Service to default on second $5B
The U.S. Postal Service, on the brink of default on a second multibillion-dollar payment it can’t afford to pay, is sounding a new cautionary note that having squeezed out all the cost savings within its power, the mail agency’s viability now lies almost entirely with Congress.