Category Archives: Loan

Obama in Colorado pushing student loan relief

By doris | Published: October 26, 2011

Full Story at CNN.com (CNN) — President Barack Obama took his economic relief plan on the road to Colorado Wednesday, highlighting new measures designed to help college graduates manage student loan debt. One of the president’s measures will push up the start date for more favorable terms on a special loan repayment program based on [...]

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Obama, Hill leaders hold ‘constructive’ debt talks, schedule more

By doris | Published: July 10, 2011

Full Story at CNN.com Washington (CNN) — President Barack Obama and congressional leaders from both parties launched a new round of negotiations on a deficit reduction deal Thursday and quickly scheduled a second meeting for Sunday, signaling a shared desire to ensure the federal debt ceiling gets raised to avoid possible default next month. The [...]

Also posted in Congress, Debt, Presidental, White House | Leave a comment

Opinion: Could the U.S. government shut down?

By doris | Published: February 18, 2011

Full Story at CNN.com (CNN) — Could the United States government run out of money, stop paying its creditors worldwide and just shut down? “The strength of the American dollar as a world currency is grounded on the unconditional guarantee by the United States to pay its debts,” said Democratic Senator Dick Durbin. “A default [...]

Also posted in American, Bill, Budget, Economic, Economy, Government, Money, Statements | Leave a comment

Wall Street didn’t cause crash of ’08

By doris | Published: April 27, 2010

Full Story at cnn.com Washington (CNN) — Financial reform? Not exactly. The bill before Congress does nothing to address the fundamental background causes of the crash of 2008. Wall Street may have been the instrument of the crash. But the crash was made elsewhere: in Washington’s failed policies for middle-class families — and in China’s [...]

Also posted in American, China, Economy, jobs, Money, Statements, Wrong Doing | Leave a comment

Obama Vows To Reform College Loan System

By doris | Published: April 25, 2009

Full Story At  CBS News (AP) President Barack Obama on Friday renewed his call for the government to stop backing private loans to college students and replace them with direct financial aid to young people, a challenge to a decades-old program with strong congressional support. Obama’s plan to eliminate the Federal Family Education Loan program [...]

Also posted in College, Government | Leave a comment