1. In About Face, House Republicans Offer Plan To Ignore Debt Limit Until May, A Move The White House Will Not Oppose
(Matching tags: defaults,deficit,Congress)

Today the House will attempt to advance an unusual Republican proposal to simply ignore the debt limit until May 18, making the current debt ceiling crisis disappear and with it, the threat of imminent ...

2. US Markets Bouyant On Positive Economic News And Republican Consideration Of Short-Term Debt Ceiling Increase
(Matching tags: defaults,economy,markets)

News of potential progress in debt-ceiling negotiations, positive economic news, and talk of central-bank stimulus in Japan spurred the Dow within a glimpse of its five-year high.   House Budget ...

3. The Debt Ceiling Is Approaching Quickly And Once Again, The Fed Is Considering Extraordinary Measures To Buy Time To Avoid Default
(Matching tags: defaults,debt,Federal Reserve)

The Fed is once again considering extraordinary measures. This time, it’s in reference to the debt ceiling.   The US Treasury will run out of money toward the end of this month if the debt ...

4. Municipal Bankruptcies And The Fiscal Cliff Have Been Cited As Reasons To Lighten Up On Munis; Here Are Some Others You May Or May Not Have Thought About
(Matching tags: municipal bonds,defaults,investing for income)

A different take on the unattractiveness of municipal bonds has nothing to do with the distressed condition of state budgets or with the possibility that their tax-exempt status may be endangered by ...

5. Since States' Pension Cuts Have Barely Made A Dent In Unfunded Pension Liabilities, Muni Bond Due Diligence Grows Increasingly Important
(Matching tags: municipal bonds,defaults,credit downgrade)

Five years after the 2008 crisis, efforts to cut pension benefits has only put a $100 billion dent in the $900 billion unfunded liability gap for states. They are battling politically powerful labor ...

6. Fed Study Reports Higher Rate Of Municipal Bond Defaults Than Previously Believed
(Matching tags: debt,defaults,municipal bonds)

... rating agency, says that from 1970 to 2011, only 71 municipalities defaulted. According to the Fed survey, there 2521 defaults over that period.   The study also shows that less than 1% of bonds ...

7. Greece Has Best Auction In Over Two Years, Buying Time And Cash To Pay Off ECB Bonds Next Week
(Matching tags: defaults,European crisis,European zone)

Greece has managed to raise the money it needs to repay bonds held by the European Central Bank (ECB) when they come due next week. The beleaguered Greek government attracted the largest number of buyers ...

8. Defaults on 401(k) Loans On The Rise: But This Is A Non-Issue for Clients of Advisors
(Matching tags: defaults,loans,retirement,401(k))

Americans are increasingly borrowing from their 401(k) plans and increasingly defaulting on those loans, according to just published research. A report on 401(k) loan defaults says money being drawn ...