The administration is asking that a national disaster relief package include a $4.9 billion Treasury loan to the U.S. territory, atop a $150 million loan for matching funds for FEMA grants.
Washington's bureaucratic blunders, paired with decades of unfair economic policy, hinder the U.S. territory's recovery from Hurricane Maria.
The president cuts a deal with Democrats to fund the government and raise the federal borrowing limit for three months, all part of an agreement to speed money to Harvey relief.
The former University of Massachusetts economics professor explains the historical role of credit in helping to preserve communities.
An analysis published in The Wall Street Journal revealed the scope of Trump's web of debt and the financial institutions "in a potentially powerful position over the incoming president."
Data from the Government Accountability Office showed that people over the age of 50 are the fastest-growing group with student debt, outpacing younger generations.
Political economist Michael Hudson explains how economic terms such as “capital gains” are deployed to mislead the public about who is benefiting from economic policy and where the wealth is going.
By borrowing from its own state-chartered, state-owned bank, California could save over $10 billion on a $9 billion loan.
A fresh global economic disaster is brewing, and the authors of world financial policy don't acknowledge their role in creating it.