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WeWork Plans to File for Bankruptcy Over Massive Debt

WeWork plans to file for bankruptcy as early as next week, as the SoftBank Group-backed company struggles with a massive debt pile and hefty...

US Congress Approves Debt Deal, Averting Default

The US Congress has approved a deal to lift the country's borrowing limit, days before the world's largest economy is due to default on...

Crippling Sanctions Push Russia into Default on Billions in Debt

Russia has defaulted on roughly 37.8 billion euros, or $40 billion—in international debt, the effects of mounting and crippling international sanctions four months into...

Greece Repays IMF Bailout-Era Debt Two Years Early

On Monday, Greece repaid its bailout-era debts to the International Monetary Fund (IMF), some two years early, Finance Minister Christos Staikouras announced. Staikouras added in...

Greece to Repay IMF Bailout-Era Debt Two Years Early

Greece will repay its bailout-era debts to the International Monetary Fund (IMF) in April, some two years early, Finance Minister Christos Staikouras announced on...

Trillion Dollar Coin Could Be Minted to Solve Debt Ceiling Problem

The former director of the United States mint says that a trillion-dollar coin could be minted at the last minute in order to avoid...

Greece Has Third Highest Debt to GDP Ratio in the World

Greece has the third highest government debt as a percentage of gross domestic product (GDP) in the world, according to latest statistics

Joe Biden Cancels Nearly $3 Billion Worth of Student Debt

Joe Biden has cancelled almost $3 billion worth of student loans since his inauguration in January of 2021.

USA Reaches Greek Crisis Levels of Public Debt

The U.S. is reaching the level of public debt recorded in Greece during the black days of the financial crisis that led to bailout programs.

Greek Hotels Plead For Help Amidst Despair Over TUI Debt

Greek hotel owners are facing huge losses this year as Tui AG, the largest leisure, travel and tourism company in the world, is deferring...