The educational and trade publisher has agreed to a restructuring that would convert its long-term debt to equity.

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Media Decoder Blog: Houghton Mifflin Harcourt Enters Bankruptcy Process

The House is expected to vote Thursday on a Republican plan that would spare the Pentagon from the deep across-the-board spending cuts envisioned as part of last summer’s debt-ceiling agreement, reviving what has been an emotional debate in Washington about the best ways to reduce the federal budget deficit. Read full article > >

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House to vote on GOP plan that would forestall Pentagon cuts

Several banks and hedge funds are buying Greek bonds, betting that the nation will remain in the euro zone and that bondholders won’t take a haircut in a new debt deal.

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Bondholders Bullish on Greece

PARIS — France wound up a long and rancorous presidential campaign Friday with opinion polls predicting victory for Francois Hollande, the Socialist candidate who promises economic stimulus measures to soften the austerity cutbacks imposed by President Nicolas Sarkozy during the European debt crisis. Read full article > >

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French presidential campaign ends with Sarkozy trailing

House Democrats plan to attack the spending plan next week as the GOP-controlled House votes on a budget reconciliation package that includes cuts to replace automatic, across-the-board reductions set to begin in January as part of the Budget Control Act. The BCA raised the debt ceiling, cut $1 trillion in federal spending and authorized another $1.2 trillion in cuts over the next decade, with roughly half of the money coming from defense spending. Read full article > >

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House Democrats plan to pounce again on GOP budget

Forged by a 2007 merger, Dewey & LeBoeuf set its sights on quickly becoming a global powerhouse in corporate law. Now, the company finds itself on the brink of collapse amid a partner exodus and too much debt.

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DealBook: Once an Ambitious Law Firm, Reduced to Grim Dispatches

May be $1 million in debt.

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Octomom Files for Bankruptcy

Figures released Wednesday provoked an outcry on the day that Mario Draghi, the president of the European Central Bank, shifted his rhetoric on the debt crisis.

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U.K. Slips Into Double-Dip Recession

Newt Gingrich will leave the Republican presidential campaign with a mixed legacy and a campaign deep in debt.

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Gingrich leaves race with mixed legacy

One of the United States’ largest medical debt-collection companies is under fire in Minnesota for placing employees in hospitals and demanding patients pay before receiving treatment, documents show.

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Debt Collectors Take Places Alongside Hospital Staffs

Margo Balboni is cramming college into three years to cut down on the cost of her student loans. As it is, the University of North Carolina sophomore expects to graduate in a few years with $20,000 in debt.

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How Obama is seeking youth vote

Dutch feel the pinch in eurozone debt crisis

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Dutch feel the pinch as economic crisis bites

Newt Gingrich, whose quixotic presidential bid has been dogged by financial problems, racked up nearly $3 million in new debt for private jet flights, security consultants and travel costs in March even as his campaign teetered on the edge of collapse, according to new disclosures . Read full article > >

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Gingrich racks up more debt as his campaign disintegrates

China increases its holding of US debt for the second month in a row as its foreign exchange reserves continue to rise.

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China increases US debt holding

International Monetary Fund chief Christine Lagarde called on the U.S. government to reduce the mortgage debt owed by homeowners as a way help to revive the nation’s economy and stimulate growth in the wider industrialized world. Read full article > >

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IMF chief Lagarde calls for U.S. mortgage relief