Credit and Debt Services in the News

PIMCO Total Return dumps U.S. government-related debt
The world's largest bond fund has gone ultra bearish on the United States, dumping all of its U.S. government-related debt holdings.

---

Eurozone leaders tackle debt, pressure grows on Portugal
Eurozone leaders began talks Friday on stepping up policy coordination to tame a debt crisis threatening to claim new victims as struggling Portugal took tough new measures to stabilise its finances.

---

Euro zone debt crisis intensifies on summit eve
Moody's cut Spain's debt rating on Thursday, pushing the euro lower and deepening the sense of crisis in the 17-nation currency bloc on the eve of a crucial summit.

---

Economic Report: U.S. households cut debt at slower pace
U.S. households reduced their debt for the 11th straight quarter, but at the slowest pace since the third quarter of 2008, according to the Federal Reserve.

---

Dollar rises as Moody's cuts Spain's debt rating
Europe's debt woes are boosting the dollar despite a deeper U.S. trade deficit.

---

Eurozone agrees to boost debt defences
Eurozone leaders agreed Saturday to boost defences against a destabilising debt crisis stalking weaker members by strengthening a debt rescue fund and increasing economic policy coordination.

---

Make the most of a debt consolidation loan
A debt consolidation loan can turn around your financial life, if you know how to avoid the traps.

---

McConnell: No debt increase without benefit cuts
Senate Republican Leader Mitch McConnell warned on Friday that GOP senators will not vote to increase the government's borrowing limit unless President Barack Obama agrees to rein in Social Security, Medicare and Medicaid, laying down a high-stakes marker just weeks before the debt ceiling is reached.

---

AG seeks update on Mass. debt collection rules
State Attorney General Martha Coakley wants to close loopholes in debt collection rules that date back to the 1970s in Massachusetts.

---

No debt increase without cuts, McConnell says
President Obama and the Senate’s top Republican both declared yesterday they want to take on the huge entitlement programs driving America’s long-term deficits — but their lines of attack differed sharply, and that could lead to a showdown over government borrowing.

---