When First Brands filed for bankruptcy last month, it listed over $10 billion in liabilities and nearly $6 billion in long-term debt.
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Some worry about adding to the already ballooning national debt, while others applaud extending the Tax Cuts and Jobs Act.
It’s the new sensation that’s sweeping the nation, and it doesn’t cost you a penny. Frugal consumers are giving up non-essential purchases.
Fitch Ratings downgraded the debt of the Maldives for the second time in just over two months, suggesting it’s likely to default on bonds.