he Union finance ministry pays more than Rs 10,000 crore every year as interest on delayed IT refunds. In the five years till 2010-11, it had paid over Rs 37,000 crore as interest, and without the approval of Parliament or any budgetary provision.
The current US National Debt is over $14.8 Trillion. Much of this debt is owed to U.S. residents. Among the external creditors, China is the largest holder of U.S. debt.
The U.S. spends a large portion of its budget each year in the form of...
Failure to pay will trigger default in 30 days
* Talks with debt holders to deleverage are ongoing
* Company could be looking for a buyer (Adds analysts' comments, background)
By Nichola Groom
LOS ANGELES, July 15 (Reuters) - U.S....
Submitted by Peter Tchir of TF Market AdvisorsDebt Service Is Growing Rapidly and Will Dwarf other Budget Line ItemsAsides from the fact that I don’t see how people can believe the deficit doesn’t matter, let’s take a quick look at t...
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