Why Obama's Favorite Student Debt "Relief" Program Will Cost Taxpayers $100 Billion
• Zero HedgeA few months back, we called the government's Income Based Repayment plans, or IBR, "the student loan bubble's dirty little secret."
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A few months back, we called the government's Income Based Repayment plans, or IBR, "the student loan bubble's dirty little secret."
State leaders are planning to borrow $5 million to help CBS pay for renovations at the Ed Sullivan Theatre, the home for the "Late Show with Stephen Colbert," according to state records.
Politicians are using Greece's economic crisis to delegitimize anti-austerity policies, but Varoufakis says the opposite it true.
During my time in Congress, I regularly introduced legislation forbidding organizations that perform abortions from receiving federal funding.
Puerto Rico will miss a payment on debt due August 1, the governor's chief of staff said on Friday, an event that will be considered a default by investors as the commonwealth lurches towards what could be one of the largest US municipal debt restruc
Everyone seems to be focusing on Greece these days – a country so indebted that it needs even more loans to repay just a fraction of its gigantic credits.
Over the course of six painful months, round after round of fraught negotiations between Greece and its creditors produced all manner of speculation about what a "Grexit" would actually entail.
What should be done to a nation that has killed more than 56 million babies and doesn't even feel bad about it?
At an annualized return of approximately 20,622,184,553,370,800,000,000,000,000,000,000,000,000,000%, Greece just gave everyone the best trade opportunity of the year...
I am seldom stunned by political stupidity. In fact, I am surprised when I don't see it.
Greeks were bracing Monday for the effects of the tough terms of an agreement that secured the country's third bailout in five years, with many rejecting them while others said they were necessary to stay in the euro.
Greece reached a deal with its European creditors Monday, pledging stringent austerity to avoid an exit from the euro and the global financial chaos that could have followed.
All market bubbles must return to their inception point
While we, and Syriza, await to see just how violently the Troika will throw up all over the Greek proposal (which may have been valid on June 26 but no longer is now that the Greek economy has ground to a halt and virtually all supply-chain linkages
Standing on the Washington Mall at the turn of the new millennium, it was impossible not to be struck by America's power and global pre-eminence.
Angela Merkel faces a defining moment in her political career as chorus of voices push for Greek debt relief
Whatever opinion one has of the Greek people, the truth is that this entire mess was caused by their politicians and by the bailing-out of European banks.
As Greece's spending on weapons shows, it's not pensions or benefits that cripple economies, it's the military-industrial complex
€245 billion debt was fraudulently dumped on the country
It's not just disaffected pensioners: young Greeks have worked out that they don't need the bloated EU
…if they do, and damned if they don't.
Greece
More than 61 percent of Greeks have voted "No" in Sunday's referendum on the bailout deal and austerity measures, reported the Interior Ministry after almost 90 percent of the vote had been counted.
David Hastings is a rare American. This long-time hybrid car owner from Oregon wants to pay higher taxes for roads and bridges and says the current 30 cents per gallon state gas tax barely affects him.
United States' projected debt over the next 25 years looks a lot like Greece's over the past 25.
Eurozone leaders are pouring it on thick again today with warning after warning.
It was the summer of 2002. The Bush administration's top officials knew that they were going into Iraq in a big way.
Puerto Rico's governor, saying he needs to pull the island out of a "death spiral," has concluded that the commonwealth cannot pay its roughly $72 billion in debts, an admission that will probably have wide-reaching financial repercussions.
The Greek government has announced that banks will remain closed on Monday and restrictions on withdrawals will be introduced following the ECB refusal to provide additional Emergency Liquidity Assistance to Greece's banking system.