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That's the label the International Monetary Fund was on the verge of slapping on Beijing's currency in September 2008 after a hard-fought and year-long battle led by the U.S. Treasury.
Should states get to ban abortion?
Should the federal government stop offering subsidized student loans?
When one of the biggest private education firms in Sweden went bankrupt earlier this year, it left 11,000 students in the lurch and made Stockholm rethink its pioneering market reform of the state schools system.
As you know, Simmons First National Corp. of Pine Bluff recently closed on its $53.6 million acquisition of Metropolitan National Bank of Little Rock.
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The U.S. government ended up losing $10.5 billion on its bailout of General Motors, but still says the alternative would have been much worse.
In this March 22, 2012 photo is Judge Steven Rhodes in Detroit. Rhodes, overseeing Detroit's bankruptcy case, is making sure that the impact on people is front and center in his courtroom.
American Airlines stock returned to Wall Street on Monday, emerging from bankruptcy after completing the merger with US Airways to form the world's largest airline company.
Jefferson County closed the sale of nearly $1.8 billion in new debt Tuesday and emerged from the nation's second-largest municipal bankruptcy.
More than half a decade into the foreclosure crisis and the big banks still haven't cleaned up their act, according to a new administrator's report.
There will be many great things to result from Detroit's historic bankruptcy: Improved financial management in city government.
Battles are being waged on three fronts after a federal judge gave Detroit's bankruptcy case a shot in the arm last week with a multi-pronged ruling that found the city eligible for a Chapter 9 restructuring.
In this March 16, 2012 file photo, New York Gov. Andrew Cuomo, right, and Syracuse, N.Y., Mayor Stephanie Miner talk during a bill signing ceremony in the Red Room at the Capitol in Albany, N.Y. A federal bankruptcy court's decision, Dec. 3, 2013 in Detroit to put a constitutionally protected public pension on the table for cuts means a major ... (more)
HE may have had his bid to overturn his Irish bankruptcy rejected by the High Court last Friday, but just two days earlier developer Sean Dunne could have been forgiven for thinking he had already secured a clean bill of financial health in the United States.
Malcolm Scott's sequestration will last for another 10 months and he now faces a government watchdog probe into his conduct.
Greek Prime Minister Antonis Samaras, right, talks to Finance Minister Yannis Stournaras, during a parliament meeting for a vote on the country's 2014 budget in Athens, on Saturday, Dec. 7 2013.
"The court finds that Detroit was and is insolvent." That was the determination of Judge Steven Rhodes earlier this week.