News
CNN Money | Your dead ex-spouse's debt can become your problem
If you're divorced and your ex-spouse dies, you might find yourself dealing with a range of emotions. You might be surprised to learn you may have to deal with creditors too.
Bloomberg | China Local Debt Growth Slows as Economic Expansion Cools
China’s chief auditor said growth in local government debt slowed, a sign that tighter scrutiny on borrowing and an economic slowdown have curbed credit.
Econ Comments & Analysis
Weekly Standard | ‘Student Loan Relief Now’
My father is one of the reasons that student loans cannot normally be discharged via bankruptcy. Such an outcome was never his goal: quite the opposite, in fact, because exempting student debt from bankruptcy relief makes little economic sense and is patently unfair to the students saddled with such debt. A sensible reform of this law could slow tuition growth and put a lid on exploding student debt while sparing young adults the debilitating stress of a debt they can never hope to repay.
Blogs
WSJ | Harkin Opens Door To Bankruptcy Option for Student Loans
A top Senate Democrat is set to unveil legislation Wednesday that would allow a small portion of Americans’ student debt to be discharged through bankruptcy proceedings, a measure that would likely hit the profits of private lenders.
