More than a year after resorting to bankruptcy court, the orchestra on Wednesday submitted its plan to erase debt and cut costs to a judge.

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Philadelphia Orchestra Submits Reorganization Plan

Money lending firm Wonga is criticised by the Office of Fair Trading for using aggressive and misleading debt collection methods.

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Wonga misled debtors, says OFT

China can now buy U.S. debt directly from the government, in what is the Treasury Department’s first-ever direct relationship with a foreign government.

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U.S. Said to Let China Buy Direct From Treasury

Meeting at Camp David, leaders of the world’s richest countries banded together to press Germany to back more pro-growth policies to halt the deepening debt crisis in Europe.

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Group of 8 Leaders Confront German Focus on Austerity

An overextended family can solve its problems by cutting spending, increasing savings and paying down debts. But such belt-tightening doesn’t work as a metaphor for the national economy.

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Economic View: How National Belt-Tightening Goes Awry – Economic View

David Cameron says progress is being made in the G8 summit as world leaders says they want debt-stricken Greece to remain in the eurozone.

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PM: ‘Good progress’ on eurozone

Europe’s debt crisis is to top the agenda at the G8 summit in the US, amid fears that trouble in the eurozone could have global consequences.

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Eurozone set to dominate G8 talks

The prospect of high student debt and increased pension contributions could discourage young people from entering medicine, a senior doctor warns.

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‘Debt deterring would-be doctors’

President Obama welcomed new French President Francois Hollande to the White House on Friday, an initial meeting that comes as world leaders feel a renewed sense of urgency to contain the European debt crisis. Read full article > >

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Obama welcomes France’s Hollande to White House, outlines plan to fight African famine

A study suggests public sector debt will be pushed up by £100bn over next two decades by higher university fees.

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£9k fees ‘to push debt up £100bn’

Republican Speaker of the House John Boehner drew a hard line in the sand this week, renewing a battle over the debt ceiling unless President Barack Obama agreed to significant budget cuts during what may be a lame-duck session after the November elections.

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Do voters want moderates out of D.C.?

Spain’s borrowing costs look set to spike in a bond auction on Thursday, as the Greek crisis saps confidence in other indebted economies.

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Spain set to pay more on bonds

President Obama warned congressional leaders on Wednesday that he would not tolerate a replay of the bitter debt ceiling fight of last summer that nearly put the United States in default and led to the nation’s first ever credit-rating downgrade. Read full article > >

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Obama warns Republicans over debt ceiling fight

Washington braced Tuesday for a replay of last summer’s tense battle over the burgeoning national debt as House Speaker John A. Boehner threatened again to block an increase in the federal debt ceiling without significant new cuts in spending. Read full article > >

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Boehner threatens another debt-ceiling fight

Says “prairie fire of debt” threatens nation.

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Mitt Blames Economy on Obama