And Mr Rubin acknowledged that more should be done, both in rich and poor countries, to reduce the risks of over-borrowing.
All of the private student loans are certified by schools as part of the approval process to prevent over-borrowing and are disbursed through schools to ensure proper use of loan funds.
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Another example he did not work on was a project for a financial institution to develop an algorithm that screened for customers who would not be likely to repay their loans, keep them from over-borrowing, and saving the client millions in loan write-offs.
And, in any case, the era of no-questions-asked borrowing is over.
In addition to the sequester, debates are brewing over the government's borrowing limit - known as the debt ceiling - as well as government spending cuts, and other fiscal matters.
All of which is a long-winded way of explaining why the borrowing costs of the government perceived to be most financially over-stretched, Spain, have soared today to record levels - in that the dispute over whether to go for a banking union shows that the eurozone is as far as ever it was from a fundamental solution to its woes.
Foreign-currency borrowing, 95% of it in Swiss francs, accounts for over two-thirds of total lending.
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Collecting each bank's estimates of its rivals' borrowing rates would help identify any over-optimistic self-assessment.
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But the longer the borrowing spree continues, the more over-stretched household finances become.
By deferring the debt repayments, it also means the the government's deficit - its annual borrowing requirement - will be 2bn euros per year less than it would have been over the coming 10 years.
The measure comes as Washington looks ahead to another showdown over must-pass legislation to increase the government's borrowing cap.
Compared to many other states, where some differences are kept low-profile and borrowing ensues to paper them over, Minnesota is known for its open, upfront approach.
Countries also are divided over the treatment of repurchase agreements, a form of short-term borrowing for dealers in government securities.
The loosening has come because Mr Osborne has allowed borrowing to go over target as the economy has disappointed - even though the Office for Budget Responsibility told him last November that a good chunk of that extra borrowing might not go away when growth returns.
Still, the deal has only postponed by two months negotiations over spending cuts and the government debt ceiling - a legal cap on its total borrowing set by Congress.
This includes having better centralised co-ordination over the use and number of paediatric intensive care beds as well as borrowing services from adult NHS wards.
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The one piece of good news is that the overall fiscal picture has improved of late because of record-low borrowing costs, the sequester, and a surge in revenues over the past six months due to higher tax rates (and their anticipation last year).
Because there are fees to do this, the council lowered the gold return over the time period studied and used a short-term cash rate as a benchmark for the borrowing cost.
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They want borrowing powers, control over company taxation (perhaps with a view to a tax-cutting strategy) and control over the Crown Estate in Scotland (which has implications for what goes on in coastal waters and harbours).
Despite high borrowing costs, farmers have invested heavily over the past decade (partly because the state-owned banks have repeatedly rolled over farmers' debts, in response to pressure from the powerful rural lobby in Brazil's Congress).
That's Chicago MC Rhymefest rapping about losing his job, borrowing money to pay his gas bill, and feeling pressured to sell drugs - all over a sample of the hip, New York band The Strokes.
The trouble is, if he's wrong - if the spare capacity isn't there - then this policy risks making the situation worse, by pushing up inflation over the medium term, and weakening confidence in the government's commitment to cut public borrowing and re-balance the economy.
Borrowing from the speed-dating format, creative directors scrutinized the candidates and their portfolios while leaning over candlelit tables.
Now auto production has doubled year-over-year and TI's sales are up more than 20%, but Kozyra isn't interested in borrowing a dime.
Borrowing from the best of the EOS 5D-series, the EOS 6D provides full manual control over exposure and audio levels while recording video.
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But we argue that extra, discretionary borrowing now, over and above the effect of the automatic stabilisers, will not help with the recession - it may even make the recession longer and deeper.
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