Alabama's Jefferson County votes to skip bond payment

BIRMINGHAM, Alabama (Reuters) - County legislators for Alabama's bankrupt Jefferson County voted unanimously on Tuesday to skip a $15 million payment due October 1 on about $200 million of Jefferson County general obligation warrants. The cash-strapped county declared bankruptcy in November with slightly more than $4 billion in debt, which is the largest municipal bankruptcy in U.S. history ...

How 100 iPads saved Greece $140 billion

Apple's tablet plays a key role in the largest debt restructuring in history.

Being leery of firms carrying a lot of debt

Successful investors see debt as a key component in analyzing a company’s prospects

Debt advice live

The credit crunch, rising unemployment and high inflation have put the squeeze on household budgets, pushing many into debt. Our reporters are live with three debt organisations to show how easy it is to get help with financial problems Introduction Recent years have seen advice charities reporting rising numbers of people contacting them for help. The credit crunch, rising unemployment and high ...

History Shows U.S. Can Stimulate Now, Cut Later

From 2017 to 2022, Social Security’s normal retirement age is scheduled to gradually increase to 67. And I’ll bet that not only happens as planned, but does so with little fanfare -- which is pretty much what happened several years ago when the age rose from 65 to 66.