Student Loan Debt
How advisors can help clients understand the burden of student loan debt and the best ways to reduce, eliminate or manage the debt load.
Debt Limit 'Unconstitutional,' Say Democrats; 'Crazy Talk,' Says a Republican
By Marlene Y. SatterAs the clock ticks toward potential default, Congress, still sparring over whether a deal can be reached to increase the debt limit, is facing a new debate. Last week Democrats began talking about the possibility that the debt limit itself is unconstitutional.
June 27, 2011
PIMCO’s El-Erian: Europe at Risk Over Greek DebtMohamed El-Erian, head of PIMCO, says that a restructuring of Greek debt is inevitable and that failure to address the country's problems correctly could contaminate the rest of Europe.
June 24, 2011
For Greece, Europe Discusses New Type of BondsBanks and European officials are discussing the possibility of using a different type of bond as a means of rolling over Greek debt in the hope that such a instrument will avoid raters classifying the move as a default, according to senior European banking officials.
June 23, 2011
Is College a Waste of Money? ‘Short’ College Through Online Education StocksPIMCO provocateur and bond fund legend Bill Gross garnered much attention in his latest missive questioning the value of a college education in today’s tough economy: He is clearly onto something.
June 22, 2011
CBO: National Debt on Track to Nearly Double GDP in 25 YearsThe nation is on a course to a “sudden fiscal crisis” if policymakers, like Rep. Paul Ryan and President Barack Obama, fail to take measured steps to halt the growing debt burden, the CBO said Wednesday.
June 20, 2011
Moody’s Warns Italy Over Debt as Eurozone Contagion Fears SpreadMoody’s expressed concern about what rising interest rates might do to an Italian economy that is struggling to recover from recession and burdened by heavy debt.
June 15, 2011
Moody's Threatens to Downgrade French BanksMoody's Investors Service on Wednesday threatened to downgrade France's three largest banks because of their exposure to Greek debt.
June 14, 2011
China’s Stern Words on European Debt Crisis; Fights Own WoesThrough its central bank's annual financial stability report, China warned the world again on Tuesday that the debt crisis in Europe was threatening to spread because it had not been properly dealt with.