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The transactions will allow the city to resolve a debt of about $345 million accumulated by the incinerator during decades of bond sales for upgrades and repairs, Mr. Lynch said in a 357-page filing with Commonwealth Court, which is expected to take two to three weeks to decide whether to approve the plan.
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Instead of raising the debt ceiling to resolve a purported crisis, in such a post-August 2nd world with no threats of default and bond market calamities, raising the debt ceiling would only be done once there was explicit agreement on what actually spending warranted incurring new debt.
[C3.] Dispute Over Debt Roils Thailand Authorities in Thailand are struggling to resolve a dispute between Thai Petrochemical Industry and its creditors over debts of $3.5 billion.
He must also deal with the huge problems facing this ailing Asian giant that his predecessors failed to resolve: an unresponsive political system, a ballooning national debt and a nearly two-decade economic slump that shows few signs of abating.
Would a federal scrip program be a painless way of resolving a debt ceiling crisis?
Third, they issued a promise that, under a future mechanism [PDF] to resolve debt crises, holders of European government bonds were not in danger of losing their investment any time soon.The Irish package is a complex mixture of contributions.
Chancellor George Osborne joined senior policymakers from around the world in urging the US to resolve the debt ceiling impasse, warning of the "extremely serious" consequences of a breach.
Several factors contributed to the heightened gloom, including new signs of political paralysis in Washington, Europe's continued failure to resolve its debt crisis and indications of economic stress in developing countries that had been strong.
The crisis has exposed the seeming inability of European leaders to resolve the onerous debt problems of its weaker members, calling into question the survival of the euro, once seen as a glue that would bind Europe together.
According to a White House "fact sheet" issued Jan . 1 the spending cuts the president is describing include $1 trillion from the Budget Control Act of 2011, which resolved a debt-ceiling crisis that year.
The vote fiasco added to the sense of chaos and confusion as time was running out for a deal to resolve the debt crisis.
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