Sentences with phrase «state debt limit»

Not exact matches

As we saw in the United States last year, when legal debt limits are approached, politicians invariably vote to raise them.

Analysts and investors worry that a government shutdown this week would hit not just consumer and business confidence, but also make it more likely that the United States will default on its debt when it reaches its borrowing limit in about two weeks.

Some authorizing states somewhat limit debt - trap risks.

The legislation enforces limits on discretionary spending until 2021, establishes a procedure to increase the debt limit, creates a Congressional Joint Select Committee on Deficit Reduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such savings.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Congress must act by Sept. 29 to increase the United States» $ 19.9 trillion debt limit, in order to permit the government to continue borrowing money to pay bills like Social Security and interest.

The state and local tax deduction would be eliminated, the mortgage interest deduction limited to $ 500,000 of debt (down from $ 1 million), and the charitable deduction subject to a 2 - percent - of - AGI floor.

The danger the United States faces today is that the government debt crisis scheduled to hit Congress next spring (when Republicans are threatening to vote against raising the federal debt limit as the government deficit soars) will provide an opportunity for the wealthy to give a coup de grace on what is left of progressive taxation in this country.

Moody's Investors Service announced it would review «for possible downgrade» the credit ratings of five states, including Maryland, that could be hit particularly hard if Congress fails to raise the nation's debt limit by the Aug. 2 deadline and defaults on its financial obligations.

The board is looking at how to finance the improvements, because the state put a cap on bond debt — the district's usual method of financing — and requires using limited tax bonds.

In order to reduce the risk of moral hazard, it would be ideal to follow the so - called «Blue Bond» proposal and limit the amount that Eurozone member states can obtain through Eurobonds to a certain debt - to - GDP ratio.

Given the State's limited resources, shrinking statutory debt capacity and unmet capital needs, it is critical that the State prioritize its use of debt and capital resources — including the (windfall) resources deposited in the (infrastructure fund)-- to ensure that they are used as effectively as possible, and with appropriate levels of transparency and accountability.

Under current New York law, to register an LLC, the owners simply need to provide an official name, the county in which it will operate and a P.O. box, allowing them to create a murky world in which they can hide who they are and limit their personal exposure to debt and other obligations, state Sen. Brad Hoylman explained.

The available room in the state's debt limit is expected to decline from $ 3.3 billion in current fiscal year to $ 421 million in the 2017 - 18 fiscal year, the report found.

New York is expected to remain under its debt capacity limit even as it continues to borrow heavily for new capital projects, according to the state Division of Budget's enacted budget plan released on Friday.

Such capital budget shall indicate debt service charges of previous projects, proposed down payments and other expenditures for new projects, and the recommended sources of all proposed capital financing including, but not limited to, capital reserve fund, sinking funds, current revenues, temporary borrowing, bond sales, federal and state grants, loans or advances.

He also criticized the state Legislature for voting to raise the MTA's debt limit, arguing that voters should approve future increases to the agency's debt limit.

The report released Wednesday includes recommendations for reform to discretionary lump sum spending, restrictions on so - called «backdoor spending» through public authorities and further limits on state debt through the constitution.

«Given the State's limited resources, shrinking statutory debt capacity and unmet capital needs, it is critical that New York prioritize its use of debt and capital resources, including the resources deposited in the DIIF and the other settlement resources, to ensure that they are used as effectively as possible,» the report found.

The comptroller's debt reform proposal includes a constitutional amendment to limit all state - funded debt to 5 percent of personal income beginning in the 2027 - 28 fiscal year.

That limit is based on the state Debt Reform Act of 2000, which established limits on debt outstanding and debt servDebt Reform Act of 2000, which established limits on debt outstanding and debt servdebt outstanding and debt servdebt service.

The New York State Court of Appeals agreed to take up a case that poses the question of whether New York City's effort to limit law firms trying to collect debts violates the state's power to regulate attorney conState Court of Appeals agreed to take up a case that poses the question of whether New York City's effort to limit law firms trying to collect debts violates the state's power to regulate attorney constate's power to regulate attorney conduct.

Sometimes described as collectively constituting a «shadow government,» public authorities are essentially arms of government free from debt limits and other provisions that circumscribe the activities of local and state governments.

The Information Minister, Mustapha Hamid, stated that with the risk of a judgement debt hanging over its head, government renegotiated with Amalgamated Securities Limited, purchasing...

Tax Overhaul — Motion to Concur — Vote Passed (224 - 201, 7 Not Voting) Brady, R - Texas, motion to concur in the Senate amendment to the tax overhaul that would revise the federal income tax system by: lowering the corporate tax rate from 35 percent to 21 percent; lowering individual tax rates through 2025; limiting state and local deductions to $ 10,000 through 2025; decreasing the limit on deductible mortgage debt through 2025; and creating a new system of taxing U.S. corporations with foreign subsidiaries.

Worse, debt contracts by «independent» authorities face fewer constitutional limits than borrowing by the state itself — which lets the slush - fund spending get even larger.

The Indiana Constitution does limit the state's ability to incur debt.

She characterized the selection as showing Republican voters that she's «a principled person» who has advocated against increasing state debt and spending and limits on city spending, tossing in a swipe at Massey for having recently moved into the city and contributing to Mayor de Blasio's 2013 campaign.

The bill would revise the federal income tax system by lowering the corporate tax rate from 35 percent to 21 percent; lowering individual tax rates through 2025; limiting state and local deductions to $ 10,000 through 2025; decreasing the limit on deductible mortgage debt through 2025; and creating a new system of taxing U.S. corporations with foreign subsidiaries.

Budget officials say state - related debt has been cut by $ 2.9 billion since Gov. Andrew Cuomo took office, down to $ 52.7 billion, with the sixth straight balanced budget proposal while limiting spending growth to two percent.

The statute will limit new debt to 4 percent of net personal income in the state, and it will also limit debt - service costs, he said.

DiNapoli called for a host of reforms to curtail state borrowing, including a constitutional amendment to limit total debt to 5 % of New York's personal income and a ban on so - called back - door borrowing — the issuance of state - funded debt through public authorities and other entities.

The average American owes $ 4,501 in credit card debt with a revolving utilization debt - to - limit ratio of 30 percent and a 0.43 incidence of late payments, according to Experian's latest State of Credit report, published in November 2013.

Federal laws, such as the Fair Debt Collection Practices Act (FDCPA), and the individual laws of the fifty states in America place limits on the means and methods of collection attempts.

Many US states are deep into deficit spending and are approaching the limit — Florida, California and Michigan are ones that have been in the news as being in deep doo - doo on a debt to tax revenue basis.

At - risk rule: A provision in the tax code stating that a limited partner may only include debt as part of his or her basis in the partnership if he or she is personally liable for the debt (i.e., if it is a recourse loan).

The time limit varies by state and could be used as a way to get debt collectors off your back.

You should state that you only have a limited number of funds that you can use to settle your debt and make an offer for settlement for your full balance.

The time limit varies from state to state depending on the type of debt.

The mortgage interest deduction is now limited to $ 750,000 in debt, a fact that will primarily impact residents of those already mentioned higher cost states where the average value of homes often exceeds $ 1 million.

But I am wondering will I be re-instated back to my $ 5300 credit limit without that commonly used statement from the lender that states «the customer had such and such credit limit», was now «down to a lower limit», and making my credit to debt ratio look bad?

TASC / AFCC members fees used to be 15 — 18 % of enrolled debt — Why the 40 % fee increase from the old standards — Depending on the state in which this person resides — the fee being charged could execeed state limits

However, many states place limits on how the creditor may repossess the vehicle and they usually spell out how the lender must try sell the vehicle in order to reduce or eliminate your debt First and foremost: talk to a debt help lawyer immediately if you are going to be late or miss a payment!

Creditors won't call it a «debt card» or state what your «debt limit» is because psychologically «credit» sounds so much better, but the fact is, when you're dealing with the effects, you know you're dealing with DEBT.&radebt card» or state what your «debt limit» is because psychologically «credit» sounds so much better, but the fact is, when you're dealing with the effects, you know you're dealing with DEBT.&radebt limit» is because psychologically «credit» sounds so much better, but the fact is, when you're dealing with the effects, you know you're dealing with DEBT.&raDEBT.»

The state of Maryland is preparing to take another swipe at passing tough new regulations that would limit up - front fees charged by debt settlement companies to $ 50 and total fees paid at 15 % of the total debt.

Statutes of limitation for credit card debt collection, all 50 states — Creditors have a limited time in which to file suit over unpaid credit card debt.

CHOICE Act would let debt buyers raise interest rates — One sentence in the Financial Choice Act that aims to repeal and replace the Dodd - Frank consumer protection law would allow debt buyers to raise interest rates beyond state - set limits... (See Ddebt buyers raise interest rates — One sentence in the Financial Choice Act that aims to repeal and replace the Dodd - Frank consumer protection law would allow debt buyers to raise interest rates beyond state - set limits... (See Ddebt buyers to raise interest rates beyond state - set limits... (See DebtDebt)

How is it that while the students around the world (Canada, Mexico, Chile, Puerto Rico, Italy, Greece and many others) continue to fight for free, accessible education, we in the United States are expected to accept a fate of limited exclusive education and ever increasing debt?

President Obama says failing to raise the debt limit on Oct. 17 will «force the United States to default on its obligations.»

The financial picture truly isn't complicated (no debts outside mortgage, no complicated assets outside house / checking / savings / 401k accounts, all assets and family are in same state, assets are less than state / federal estate tax limit; no prior marriages or prior children or other potential liabilities, etc...).