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Content Tagged As debt

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  • Board could create more charters, despite funding questions

    January 24, 2017 11:13 AM

    BATON ROUGE - Louisiana's top school board is poised to create new public charter schools, despite questions about how the state would pay for them. Ongoing litigation has put financing for more than 30 similar schools in doubt. A committee of the Board of Elementary and Secondary Education approved applications... more »
  • GOP Sen. Rand Paul blasts party leaders for ignoring debt

    January 4, 2017 7:18 PM

    WASHINGTON - Republican Sen. Rand Paul on Wednesday blasted fellow GOP lawmakers for ignoring the government's spiraling debt problem in their rush to repeal President Barack Obama's health care law. Paul, who hails from the GOP's small-government, libertarian wing, was the sole Republican to oppose party leaders and President-elect Donald... more »
  • St. Tammany council approves $133M bond issue for Causeway

    October 7, 2016 1:13 PM

    COVINGTON - The St. Tammany Parish Council has approved a Lake Pontchartrain Causeway bond issue that would pay for $103 million in safety improvements and require a toll increase to pay off the debt. The funding would allow the Causeway to beef-up railings on the southbound span and add sections... more »
  • Senate passes Puerto Rico rescue bill, sends to president

    June 29, 2016 11:13 AM

    WASHINGTON - The Senate has passed a financial rescue package for debt-stricken Puerto Rico, sending the measure to President Barack Obama. The vote was 68-30 on Wednesday. It comes two days before the island owes a $2 billion debt payment to creditors. Obama is expected to sign the measure. The... more »
  • Louisiana judge to stop jailing defendants over fees

    June 28, 2016 12:35 AM

    NEW ORLEANS- A Louisiana judge and a civil rights group that accused him of running a debtors prison have reached a temporary agreement under which the judge will stop jailing defendants for nonpayment of fees and stop assessing certain costs on defendants. The news came during a joint motion filed... more »
  • Lawsuit alleges Louisiana judge runs debtors' prison

    June 21, 2016 12:12 PM

    NEW ORLEANS - Civil rights lawyers in Louisiana say a judge is running a modern-day debtors' prison by sending poor defendants to jail when they can't pay fines and charging them a questionable "extension fee" to avoid jail time. The Southern Poverty Law Center filed the lawsuit Tuesday against... more »
  • Rule aims to ease debt relief to students who were defrauded

    June 13, 2016 4:41 PM

    WASHINGTON - The Obama administration is trying to make it easier for students who have been misled or defrauded by their colleges to have their loans forgiven. The Education Department has proposed a new rule that lays out a clear relief process for borrowers who believe they were lied... more »
  • Louisiana to refinance debt for $82M for this year's budget

    March 17, 2016 11:22 AM

    BATON ROUGE - Louisiana's top officials have agreed to refinance state debt to generate $82 million in quick cash to help close gaps in this year's budget. The Bond Commission agreed to the financing maneuver Thursday, over the objections of its chairman, Treasurer John Kennedy. Lawmakers assumed the additional cash... more »
  • Foreign holdings of US Treasury debt rose to record

    February 16, 2016 4:43 PM

    WASHINGTON - Foreign holdings of U.S. Treasury securities rose in December to a record high despite cutbacks by China and Japan, the two biggest foreign owners of Treasury debt. The Treasury Department says foreign ownership of Treasury securities increased 0.7 percent in December to a fresh record of $6.17... more »
  • All aboard! Most visitors at U.S.S. Kidd in 25 years Play Video

    December 29, 2015 10:44 PM

    BATON ROUGE - After sinking in debt for years, the U.S.S. Kidd appears to have righted the ship in 2015. The ship's director says more people climbed aboard in 2015, than in any other year since 1990. Alex Juan also says 33,000 first time visitors dropped by this year. She... more »
  • Boehner likely to move on debt limit hike before departure

    October 14, 2015 3:47 PM

    WASHINGTON - House Speaker John Boehner is signaling that he'll move must-do legislation to increase the government's borrowing cap before he leaves Capitol Hill. The statutory cap on the government's so-called debt limit needs to be raised by early November, the Congressional Budget Office said Wednesday, confirming a recent warning... more »
  • Students ask federal government to erase their college debt

    September 3, 2015 9:32 AM

    WASHINGTON- Almost 12,000 students are asking the federal government to forgive their college loan debt, asserting their school either closed or lied to them about job prospects. The figure represents an unprecedented spike in what's called a "borrower's defense" claim following the collapse Corinthian Colleges for-profit college chain, which had... more »
  • Little-claimed Citizens insurance rebate lowered

    August 3, 2015 7:33 AM

    BATON ROUGE- Everyone in Louisiana who buys property insurance will lose 28 percent of a tax credit they can get for covering the debt of the state's property insurer of last resort. In addition, the reduction is retroactive, meaning those who failed to file for the tax credit over the... more »
  • Afghan president says his country owes 'profound debt' to US

    March 25, 2015 10:19 AM

    WASHINGTON - Trying to repair relations with the U.S., Afghan President Ashraf Ghani is telling Congress that his country owes a 'profound debt' to the more than 2,200 American soldiers killed in Afghanistan. In a speech to a joint meeting of Congress, Ghani also thanked the U.S. for development aid... more »
  • US consumer borrowing rises $14.8 billion in December

    February 6, 2015 2:43 PM

    WASHINGTON - Consumers increased their borrowing in December, with the category that includes credit cards rising at the fastest pace in eight months. That could be an indication that consumer spending will strengthen as strong jobs gains give shoppers more confidence about taking on debt. The Federal Reserve says that... more »
  • Rules in works to stop payday loan debt

    February 1, 2015 1:18 PM

    WASHINGTON - Efforts to stop debt from payday loans are still underway for lawmakers. Federal regulators say they are now putting together the first-ever rules on those loans to help cash-strapped borrowers avoid falling into a cycle of high-rate debt. The Consumer Financial Protection Bureau says state laws governing... more »
  • 42.9 million Americans have unpaid medical bills

    December 11, 2014 2:12 AM

    WASHINGTON, D.C. - A new government report shows that nearly 20 percent of U.S. consumers - nearly 43 million people - have unpaid medical debts. The findings from the Consumer Financial Protection Bureau suggest that many Americans are being trapped by debt because they are confused by the notices they... more »
  • Hospital manager says it paid LSU $7M in dispute

    August 22, 2014 3:25 PM

    BATON ROUGE - The research foundation running the LSU hospitals in Shreveport and Monroe says it has paid the university system $7 million, after LSU sent a collection letter demanding $25 million. The Biomedical Research Foundation of Northwest Louisiana, or BRF, said Friday it placed another nearly $11 million into... more »
  • State tax amnesty program to be offered this fall

    August 12, 2014 4:05 PM

    BATON ROUGE - The Louisiana Department of Revenue hopes to offer taxpayers who have fallen behind on state tax obligations a fresh start with the announcement of the Louisiana Tax Amnesty 2014 program this fall. The 30-day amnesty program offers people who haven't paid their state taxes in full... more »
  • Study: 35 percent in US facing debt collectors

    July 29, 2014 1:57 AM

    WASHINGTON, D.C. - A study by the Urban Institute shows that more than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies. These consumers fall behind on credit cards or hospital bills. Their mortgages, auto loans or student debt pile up, unpaid. Even... more »

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