By Randell Tiongson
QUESTION: I have a big debt problem and I have several loans. I’ve been trying to pay them, but it has been overwhelming me. What is a good way to pay my huge debt?—Asked via e-mail, name withheld upon request.
By Michelle V. Remo
Borrowings by the national government dropped in the first three quarters from the year-ago level, aided largely by the decline in maturing debts that it had to pay.
The dollar weakened in Asian trade Monday as lawmakers in Washington struggle to agree a budget deal that will avoid a damaging debt default.
The Bureau of the Treasury may cut short the ongoing offer period for retail treasury bonds (RTBs), which is supposed to end on August13, to avoid over borrowing given the strong demand for the debt paper.
The top three major credit rating agencies—Moody’s Investors Service, Standard & Poor’s and Fitch Ratings—assess the ability of a country to manage its debts.