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.
Euro Zone Deficit Down in 2010, but Portugal, Greece Up
By Marlene Y. SatterAs the euro zone works to regain investor confidence in its finances, 2010 figures released Tuesday revealed that while overall, the region's deficit had dropped, those of Portugal and Greece had not.
April 19, 2011
EU, IMF Deny Greek Restructuring Rumors; Markets WaryAlthough rumors of restructuring Greece's debt have been denied by Greece itself, the European Union (EU) and the International Monetary Fund (IMF), investors don’t believe them.
April 19, 2011
Gold Courts $1,500 Per Ounce for Second DayGold had set a new record on Monday at $1,497.20 per ounce in the wake of Standard & Poor's cut of its outlook on the U.S. and as worries over debt in the euro zone seethed.
April 18, 2011
White House, Treasury Criticize S&P's Negative OutlookWhite House economic advisor Austan Goolsbee calls S&P's move a ‘political judgment that doesn’t deserve much weight.’
April 18, 2011
Geithner, Ryan Clash Over Government Debt LimitTreasury Secretary Timothy Geithner said Sunday that Republicans had assured the president that they would raise the debt limit, but Rep. Paul Ryan, R-Wis., said that no such deal had been made and an increase in the debt limit would have to come as part of a deal on spending.
April 12, 2011
CBO Estimates '11 Budget Deficit to Hit Record $1.5 TrillionThe $38 billion in spending cuts agreed to last week won't prevent this year's budget deficit from setting another record high, estimated at $1.5 trillion.
April 12, 2011
Greek Bond Sale Sees Demand, Yield Slightly Higher Post-BailoutTuesday’s auction by Greece of some 1.63 billion euros ($2.35 billion) in 6-month T-bills, while presenting slightly higher yields than its last auction in March, also drew more interest from foreign investors and somewhat higher demand.
April 08, 2011
PIMCO’s El-Erian: Portugal Actions Represent ‘New Phase’ in European Debt CrisisPortugal’s decision to follow Greece and Ireland in seeking a European Union-led bailout may mark a watershed in the region’s debt crisis, according to PIMCO chief Mohamed El-Erian.