repayment

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Better Late Than Never: Britain to Repay WWI Debt

It still owes WWI investors some $3.2B

(Newser) - Britain is beginning to pay back some of the $3.2 billion it borrowed to help pay for World War I. The government plans to redeem some national war bonds (issued in 1917) in February, when it refinances $348 million of debt issued as far back as the 18th century.... More »

Tesla Pays Off US Loan 9 Years Early

CEO to taxpayers: 'I hope we did you proud'

(Newser) - Tesla has come a long way since Mitt Romney labeled it a "loser" in the presidential debates. The company has paid off its $465 million 2010 loan from the Department of Energy—plus interest—nine years before it was due, Businessweek reports. With yesterday's payment for $451.8... More »

Latest Steele Hire Bilked DC Group for $70K

New RNC fundraiser Neil Alpert was ordered to repay 'grandiose' expenses

(Newser) - Under fire for recent flaps over RNC spending, Chairman Michael Steele has hired a new “special assistant for finance”—and possibly walked into another gaffe. Neil S. Alpert, the 31-year-old wunderkind whose new job it will be to “help raise money” and “find new funds,”... More »

Fed Prods Banks for TARP Repayment Plans

BofA, Citi, 7 others asked to submit outlines

(Newser) - The government is stepping up plans to wind down the TARP program. The Fed has asked nine banks stress-tested earlier this year, including Bank of America and Citigroup, to come up with plans to repay a total of $142 billion in TARP funds. The move represents an evolution in the... More »

Leibovitz Sued Over $24M Loan

(Newser) - A financial firm is suing Vanity Fair photographer Annie Leibovitz for failing to cooperate to repay a $24 million loan, reports the Telegraph. Leibovitz last year put up her photographs and two homes as collateral for the money to pay off debts. But now Art Capital Group said the 59-year-old... More »

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