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The company is no growth rocket, but the business of funding and servicing government-guaranteed and private student loans is pretty stable.
FORBES: Bonds With Moving Parts
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Debt-servicing aside, the government is running a healthy and growing budget surplus.
ECONOMIST: TURKEY'S FUTURE
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The foreigners have been chasing their claims since Argentina's government stopped servicing its debt more than three years ago, on December 23rd 2001.
ECONOMIST: Screeching to the precipice | The
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That would sharply raise debt-servicing costs, pitching the government into a downward spiral of surging interest rates and rising deficits.
ECONOMIST: Italy: Stormier weather ahead | The
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But the US has no powers over Petrobras, which is majority owned by the Brazilian government and intent on servicing local oil needs first.
FORBES: Rubber Bullets Fly at Anti-Obama Protest In Rio
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Servicing this debt already requires the government to run a primary fiscal surplus (that is, before debt-service costs) of around 4% of GDP, and some economists think it will need to be even more.
ECONOMIST: Let the people decide | The
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The government's debt-servicing costs are too high?
ECONOMIST: The pros and cons of opting out of the global economy
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Now, the government will save some money by not servicing most of its debts, but balancing the books will require further, deep cuts.
ECONOMIST: Argentina's economy
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In Tanzania, the government devotes three times more to debt-servicing than to education, on which spending has dropped two-thirds in a decade.
ECONOMIST: No school, no future
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In addition to trying to restrict how the Congolese government could use the money it would save on servicing its debt, Wolfowitz demanded further changes to the agreement.
NEWYORKER: The Next Crusade
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Tuesday, Nationstar said the servicing portfolio being acquired from Bank of America consists entirely of loans in government-sponsored enterprise, or GSE, pools.
WSJ: Nationstar to Buy $10.4 Billion in Mortgage-Servicing Rights from BofA
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As long as economic conditions remain supportive, the incoming government will have ample resources to devote to social spending without jeopardising debt servicing.
ECONOMIST: Ecuador's radical new president promises big changes