debt

National

Do you rent? You may be more vulnerable to climate-driven disasters

5:02am July 31, 2024

by Rebecca Hersher

The financial cards are stacked against many renters who survive hurricanes, floods, wildfires and other major weather disasters. The long-term effects can be devastating.

Bond yields remain high this year after a miserable 2022 in debt markets. That's raising borrowing costs such as interest rate payments for credit cards.

Economy

Why the sell-off in bond markets could impact you

5:00am August 11, 2023

by David Gura

The bond markets are being hit hard by the Fed's aggressive rate hikes and recent events including a downgrade of the country's ratings. These are three ways in which that could impact the U.S.

A vendor in a market in Nigeria counts local bills. The country is one of dozens whose devalued currency is fueling a debt crisis.

Health & Safety

A dilemma for dozens of countries: Fund your schools and hospitals or pay your debt

8:05pm May 23, 2023

by Nurith Aizenman

There's a looming debt crisis in many lower income countries. Low interest rates a few years back started the cycle. Then came a series of once in a generation shocks. Is there a solution?

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Large numbers of workers from different sectors protest against inflation and in favor of higher wages in Buenos Aires, Argentina, on Aug. 17, where inflation has soared.

An economic perfect storm is battering emerging markets. Debt crises loom

4:23pm September 06, 2022

by Jason Beaubien

With a strengthening dollar and rising commodity prices, developing nations are having a hard time paying their debts.

After years of carrying medical debt from the premature birth of her daughter, Terri Logan recently discovered a nonprofit called RIP Medical Debt had paid off her bills.

This group's wiped out $6.7 billion in medical debt, and it's just getting started

6:47am August 15, 2022

by Yuki Noguchi

Nonprofit RIP Medical Debt buys up unpaid hospital bills plaguing low-income patients and frees them from having to pay.

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A man walks past a currency exchange office in central Moscow on Feb. 28. The U.S. and its allies have imposed severe economic sanctions on Russia since its invasion of Ukraine.

3 things to know as Russia heads to a historic debt default

6:26pm April 12, 2022

by David Gura

Events over the past week have brought Russia precariously close to its first default on foreign debt since the Bolshevik Revolution over a century ago.

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A woman walks past a display showing currency exchange rates of the U.S. dollar and the euro against the Russian ruble in Moscow on Feb. 22. Russia owes over $100 million in interest payments for two bonds on Wednesday as fears grow that the country will

Fears are growing that Russia will default on its debt. Here's what you need to know

5:23pm March 16, 2022

by David Gura

Russia owes interest payments on two dollar-denominated bonds on Wednesday. If it doesn't pay, the country could go into default.

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Education

Guilford College Exceeds $2M Fundraising Milestone

3:41pm March 19, 2021

by David Ford

Guilford College in Greensboro has exceeded its initial milestone fundraising goal of $2 million two weeks early. But they're raising the money amidst financial difficulties.

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Education

Major Cuts Ahead For Guilford College Faculty

4:51pm November 06, 2020

by David Ford

Nearly twenty faculty members at Guilford College may soon be facing unemployment.

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Nearly 40% of student loan payers are helping someone else pay off their student loans, a new study found.

'A Family Affair': Others Often Chip In To Help Pay Off Student Loans

10:49am October 01, 2020

by Adedayo Akala

Student debt doesn't only affect the person who goes to college. Nearly 40% of student loan payers are helping someone else pay off their student loans, a new study found.