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August 2, 2011 | By Daniel Markovits
The chorus of liberal lament began even before the details of the deal to raise the debt ceiling were known. Rep. Raul Grijalva, co-chair of the Congressional Progressive caucus, complained that the deal "trades peoples' livelihoods for the votes of a few unappeasable right-wing radicals. " Paul Krugman, writing in the New York Times, called the deal a policy "catastrophe" and "an abject surrender on the part of the president. " In the bigger picture, however, the debt deal represents a substantial success for President Obama and the Democrats.
April 23, 2011 | By Julie Mianecki, Los Angeles Times
Tasha Younger has been one of the hidden statistics in the growing number of graduates and former students overburdened with education loans. The 38-year-old mother of two — still trying to pay off her loans a decade after quitting nursing school — has been delinquent on her monthly payments but never in default. Statistics typically show how many students simply fail to make payments. But a recent survey has found that for every person who defaults on student loans, at least two more are like Younger: late or short on payments.
July 24, 2011 | Michael Hiltzik
For lawmakers at every level of government, there are two unalterable prerequisites for making bad policy. One: Paint yourself into a corner. Two: Run yourself up against an implacable deadline. Both conditions are spectacularly displayed in the ongoing Washington cabaret over the federal debt ceiling. As I write these words, President Obama and congressional leaders are locked in a high-stakes tug of war over raising the debt ceiling, which the Treasury Department says must be done before Aug. 2 to keep the U.S. from defaulting, for the first time, on its bonds.
November 12, 2012 | By Stuart Pfeifer, Los Angeles Times
VACAVILLE, Calif. - His jaw clenched beneath a blue surgeon's mask, Opanin Gyaami jerks his right arm and pulls out a prize: the decayed tooth of patient Larry Butler, also known as state prison inmate J22312. By the time he is done, Gyaami's smock and mask are spotted with the inmate's blood. He gently pats Butler on the shoulder and wishes him well. The 71-year-old dentist reports to the state prison in Vacaville day after day, long past retirement age. He wishes he could have hung up his drill and forceps years ago, but he's still paying off a student loan.
June 4, 1995
Is it only a coincidence that most of the article ("Default on Debts Would Hurt O.C.--but How Much?" May 30) on a possible Orange County debt default is adjacent to the obituaries? JANICE H. HILL San Clemente
March 13, 2011 | Michael Hiltzik
Under normal circumstances, there's nothing wrong with symbols. They communicate information nonverbally, provide rallying points for popular movements, give tangible form to abstract concepts. But when a symbol becomes a fetish, you have trouble. Consider one wholly artificial symbol currently making waves in Washington: the federal debt limit. Under current law, the U.S. government is permitted to have no more than $14.294 trillion in debt outstanding. We're almost there.
October 17, 2012 | By Pat Benson
Foreclosures started in California have dropped to the lowest level since early 2007, the latest sign that the housing market is rebounding faster than analysts expected. Join us for a live video chat on the state of real estate in California and the nation at 3 p.m. PDT with Times real estate editor Nancy Rivera Brooks and consumer columnist David Lazarus. We invite you to join in on the conversation by posting comments and questions below. LIVE VIDEO DISCUSSION: Join us at 3 p.m. today Notices of default fell 10.2% from the previous quarter and were down 31.2% from the same period last year, San Diego-based DataQuick reported Wednesday.
July 23, 2013 | By Alejandro Lazo
New California foreclosure filings rose considerably in the first quarter over the second but were still down 53% from the same period a year prior and held to their second-lowest level in seven years. Notices of default shot up 39% in the second quarter, according to a report by the real estate firm DataQuick. Lenders filed 25,747 notices of default during the three-month period that ended June 30.  Nevertheless, it was the lowest level since the fourth quarter of 2005. The big increase came after notices of default plunged during the early months of 2013 after the so-called “Homeowner Bill of Rights” went into effect.
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