Debt Counseling

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Related Debt News for our Hickory Point TN visitors

Reuters - U.S. state governors urged President-elect Barack Obama on Tuesday to pump money into infrastructure and help support the poor as a sinking economy hits state budgets hard.

Reuters - Sears Holdings Corp reported a wider-than-expected quarterly loss on Tuesday as the weak economy hurt sales, but announced that it was closing underperforming stores and its shares rose 16 percent.

AFP - Delta Air Lines, the new number-one US airline, said Tuesday it would reduce capacity by six to eight percent next year to cope with the global economic slowdown and falling passenger demand.

AP - The Federal Reserve has extended the life of key programs aimed at busting through credit clogs and restoring stability to financial markets.

AFP - Governors of more than 40 cash-strapped US states Tuesday pressed president-elect Barack Obama for a hefty helping of his planned multi-billion dollar economic kick-start plan.

AFP - The global economic crisis swept on to another watershed on Tuesday with EU ministers targeting a huge spending boost, stocks gyrating, the US in recession and central banks looking for new rescue routes.

AP - European Union finance ministers on Tuesday endorsed a public spending plan that would pump euro200 billion ($252 billion) over two years to boost an economy that has fallen into recession.

Reuters - U.S. automakers rushed to submit restructuring plans to secure government aid on Tuesday while European ministers and Japan took steps to pump credit into the economy.

AP - Walloped by the recession, automakers' U.S. sales are plummeting as hard-to-get credit, job losses and other stresses make many Americans wary of taking on big-ticket financial commitments.

AFP - The United States and China hold high level talks this week expected to be dominated by concerns whether China can maintain high growth rates at a time when global expansion has been dampened by financial turmoil.

Reuters - British Airways is in merger talks with Australia's Qantas , it said on Tuesday, adding to various attempts at consolidation in an industry desperate to cut costs in the global economic downturn.

AP - Hefty charges and poor results at its U.S. stores led Sears Holdings Corp. to post a bigger-than-expected loss for the third quarter on Tuesday, and the struggling retailer withdrew its operating profit outlook because of the nation's recession.

Reuters - The storm buffeting the U.S. economy threatens to swamp the $175 billion corporate meetings industry as companies seek to cut back on expenditure by reducing the number of conferences they hold.

AP - Oil prices dipped again Tuesday and gas prices hit their lowest levels since January 2005 with the United States officially in a recession.