McKinnie committed to paying back the principal, plus interest, which he defaulted on (by missing a scheduled payment) soon after executing the loan documents.

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Cardiff had previously agreed to begin paying off the Langston debt in monthly instalments, with the first payment scheduled for January 2010.

BBC: Cardiff City hold Langston debt meeting

Once again, Congress failed to stop the annual charade of scheduled Medicare physician payment cuts and short-term patches, which spends more taxpayer money to perpetuate a policy everyone agrees is fatally flawed.

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The third company to declare a payout Monday took a page out of that book, but also followed in the footsteps of Wal-Mart, which accelerated a dividend payment scheduled for early 2013 to get in just under the wire.

FORBES: Fiscal Cliff Cash Splash Continues: Cato, Dish, HCA Announce Special Dividends

Under the law, physician payment levels are scheduled to fall 74 percent below those of private insurers and well below the rates paid even by Medicaid.

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Harrisburg, the state capital of Pennsylvania, was scheduled to default on a 3.3 million dollar bond payment yesterday.

FORBES: "Day of Reckoning" -- The Next Potential Crises

Demanding payment likely would have significantly exacerbated the financial crisis by forcing major Korean conglomerates to miss scheduled loan payments.

CNN: U.S. Prepares Korea Aid Package