According to a recent report by PricewaterhouseCoopers, banks are sitting on about $245 billion of buyout-related debt, a backlog that could take months to clear.
Illinois has its fair share of problems: mounting pension debt, a backlog of unpaid bills and unanswered questions about the future of the state's minimum wage and income tax.
There's no mystery about the causes of our funk: the bubble years left us with too much capacity, too much debt and a backlog of business scandal.
A spokesman for the Republican minority, Edward Ward, said his party "would welcome any plan that streamlines the process and reduces the debt and the backlog".
You're suggesting in a new article in the National Interest that another Achilles' heel is backlog of debt, and the U.S.'s inability to do something about the debt that it's growing.
As a result, by the time the downturn came, they entered the credit crisis deeply in debt and with a backlog of capital investment needs.
Shortly before that policy was unveiled in December, the inspector general issued a report admonishing the department for failing to clear the backlog of debt relief applications.
Since mid-December, the federal Energy Department has ordered power generators and natural gas producers to sell surplus supplies to California, despite the multibillion-dollar backlog of debt and financial uncertainty of the state's two major investor-owned utilities.
Meanwhile, the family of Cecilia Cubas, the daughter of a former president, is still trying to negotiate her release with kidnappers who snatched her a month ago.Just over a year into his term, Mr Duarte has in fact done a good job of clearing a backlog of debts and adopting most of the reforms that the IMF demanded as part of a stand-by loan agreement last year.
There also isn't a big backlog of leveraged debt deals to tax investor demand.
