There's a looming debt crisis in many lower income countries. Low interest rates a few years back started the cycle. Then came a series of once in a generation shocks. Is there a solution?
With a strengthening dollar and rising commodity prices, developing nations are having a hard time paying their debts.
Nonprofit RIP Medical Debt buys up unpaid hospital bills plaguing low-income patients and frees them from having to pay.
Events over the past week have brought Russia precariously close to its first default on foreign debt since the Bolshevik Revolution over a century ago.
Russia owes interest payments on two dollar-denominated bonds on Wednesday. If it doesn't pay, the country could go into default.
Guilford College in Greensboro has exceeded its initial milestone fundraising goal of $2 million two weeks early. But they're raising the money amidst financial difficulties.
Student debt doesn't only affect the person who goes to college. Nearly 40% of student loan payers are helping someone else pay off their student loans, a new study found.
William Hoagland, who for years helped shape GOP budget policy, says the public just doesn't see rising deficits as a major issue at a time when the economy is doing well.