The goal is get people back on a repayment plan, get them out of default. >> Education Secretary Linda McMahon has just launched a historic partnership to begin shifting the Department of Education's 1.7% trillion dollar student loan portfolio to the Treasury Department. It is the boldest move yet in the administration's plan to dismantle the agency and return power to the states.>> That is larger than the collective credit card debt in this country and twice the value of university endowments. I mean, that ...

Senegal has paid coupons and principal on its foreign bonds ahead of this Friday’s deadline, avoiding a potential default as the nation seeks aid from the IMF https://t.co/qva62qlVUu ...

China Vanke’s woes are posing a growing risk for investors holding $1.3 billion of its dollar bonds, as a temporary reprieve on local debt still leaves it lurching toward eventual default or restructuring in the absence of any rescue https://t.co/E41eMZXn1V ...

China Vanke, once the country’s biggest developer before it succumbed to an unprecedented property crisis, is awaiting the results of a creditor vote that could see it tip into default https://t.co/qzafTot1Nl ...

China Vanke was rejected by at least two big local banks as it tried to secure a short-term loan to quell default fears https://t.co/hxP6H1ZL2N ...

Banks in Asia are getting caught in the latest flare-ups in China’s real estate crisis, as more than $1 billion in property-backed loans are at risk of default unless extension or refinancing deals can be reached https://t.co/W27QUvYjIi ...

Many European powers defaulted during the second world war. Since then the norm has been that advanced economies always repay their bondholders. But creditors can still get burned https://t.co/SUPeUdgB9b ...

Since 1913, even default has been more common https://t.co/g2iaxuu2wx ...

Debt Restructuring - A group of international creditors initiated restricted talks with Ethiopia to restructure a $1 billion defaulted bond [1] Financial Risk - Ethiopia defaulted on a $1 billion bond, indicating potential financial distress [1]

Former Whiskey Unicorn Uncle Nearest Is Struggling To Survive After Defaulting On $108 Million In Loans https://t.co/P8DBW87ZO4 https://t.co/xipweTFawk ...