Eircom creditors back debt reduction

EIRCOM MOVED a step closer to exiting examinership successfully yesterday after its creditors gave the necessary support to a scheme of arrangement that will reduce the company’s gross debts to €2.35 billion from the current level of €4 billion.

Video: Bipartisan debt relief update

Last year, a group of Republican and Democratic U.S. senators, known as "The Gang of Six," united in an effort to put forth a bipartisan debt reduction proposal. Nancy Cordes checks in on their progress.

IEC Announces Additional Debt Reduction

NEWARK, NY-- - IEC Electronics Corp. announced it has reached final agreement with the sellers of Southern California Braiding Inc. regarding acquisition-related escrow claims.When the SCB acquisition ...

County studies debt reduction

GATESVILLE – Gates County officials will move forward with a plan aimed at paying down its outstanding debt and hopefully saving hundreds of thousands of dollars in the process.

Obama and Republicans Clash on Debt Ceiling

President Obama said he would not let a clash hold the economy hostage, and the House speaker vowed “serious” debt reduction.