He has stated that the terms of Ecuador's bond restructuring following the 1999 default were too favourable to bondholders and has hinted that social spending will take priority over debt servicing.
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To make absolutely sure, I intend to introduce legislation that would require the Treasury to make interest payments on our debt its first priority in the event that the debt ceiling is not raised.
In the IMF's new view, giving private holders of government debt priority in bailouts may be a poor use for taxpayer funds both in the countries receiving the aid and in those providing it.
None of these issues will have the kind of priority as spending and debt over the next two or three months.
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If Congress imposes a hard budget constraint on itself by refusing to raise the debt ceiling and establishes Social Security and interest on the debt as priority must-pays out of revenues before any other programs may be funded, it would require total other, non-priority spending to be reduced not quite one-third on average during the next ten years.
One is, is paying interest owed to the debt-holder the top priority to the government no matter the U.S. can raise the debt ceiling?
Democrats and Republicans are squabbling over whether extra spending, more tax cuts, or paying down the national debt should have priority.
It claims many companies just don't want to borrow at the moment, because they're paying off debt as a priority.
Make cash management and debt reduction your top priority, and avoid overwhelming financial stress.
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Therefore, Senators Toomey and DeMint should expand their list of priority spending beyond interest on the debt to include Social Security.
Secondly, Ravitch stresses that New York must service its debt as a first priority, because it must keep open its acesss to the financial markets.
The vote was a tricky one for many Republicans since the revenue raised from the bill would have been earmarked for debt reduction, a priority for many in the GOP.
The government has made reducing the country's debt levels its key economic priority and has introduced wide-ranging spending cuts to this end.
However, it is also true that reducing the deficit and debt is a very important priority, and the President obviously shares that goal.
Many healthcare providers have adopted a new strategy when dealing with these patients, placing customer service as the primary objective and debt collection as a secondary priority.
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Employees who say they are not on track to retire tell us that retirement planning is their top financial priority followed closely by getting out of debt.
Those debt obligations would receive top priority.
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Correspondents say the scandal is embarrassing for the French Socialist government which has made fighting tax evasion a priority, as it tries to cut public debt.
Accordingly, the first priority for anyone concerned about the federal deficit and debt is to get our growth rate up.
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It is not clear what the legal priority is among the Treasury's obligations, whether contractual such as bond debt or statutory such as social security.
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But in the current economic climate, state investment in football clubs is not a high priority for many politicians as the central government in Madrid grapples with a spiralling national debt and chronic unemployment of over 25%.
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The Bank and the Fund also believe that the conditions they place on debt relief cajole countries into beneficial policy reforms, such as putting a higher priority on health and education.
The two mothers of Sand's three children were not in the courtroom for Thursday's proceeding, but Obedin has said he has contacted them and claimed their priority is for Sand to be free to earn a living so he can repay his debt.
The most important priority for Italian policymakers is to maintain confidence in the country's huge stock of government debt, the largest in the eurozone in absolute terms and the second-largest as a share of GDP after Greece.
Paying off credit card debt, building an emergency fund, and making sure you have adequate insurance coverage should also take priority.
Prime Minister David Cameron has said reducing the UK's debt burden to ensure it can borrow money cheaply from international investors remains the government's top priority.
The U.S. Treasury will give priority to making interest payments to holders of government bonds if lawmakers fail to reach an agreement to raise the debt ceiling, according to an administration official.
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