Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter. A group of owners of Thames Water’s riskier class B bonds have offered to provide the utility with emergency financing that they say could cost £380mn less over 12 months than a deal the company … Read more
The nation’s loan program for disaster survivors has fully depleted its funding, the Biden administration announced Tuesday. And lawmakers, who are the only ones who can approve more funding, are scheduled to be out until after Election Day. Without congressional action, the Small Business Administration can’t make new loan offers to people trying to rebuild … Read more
Senate Republicans released legislation this week that aims to replenish funds for a key federal program that provides disaster loans to business and homeowners. Sen. Thom Tillis (R-N.C.) led Sens. Ted Budd (R-N.C.), Tim Scott (R-S.C.), Bill Cassidy (R-La.), and Rick Scott (R-Fla.) in rolling out the bill on Tuesday. They’re pushing for passage of … Read more
U.S. President Joe Biden announced a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus in Madison, Wisconsin, U.S., on April 8, 2024. Kevin Lamarque | Reuters A spokesperson for the U.S. Department of Education stated that federal student loan payments for around 8 million borrowers will … Read more
Get the latest updates for free Sign up now for the War in Ukraine myFT Digest and receive updates directly in your inbox. The United States is prepared to offer up to $20 billion as part of a G7 loan to Ukraine, which will be repaid using profits generated from Russia’s frozen assets, according to … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water is facing a critical situation as its battle for survival escalates. The company, which serves around 16 million households in south-east England, is grappling with a staggering £19 billion debt burden. In an … Read more