Debt

Borrowers who receive discharges of their student debt under the Income-Driven Repayment program could be facing tax bills as high as $10,000 next year.

CFOs must consider what falling rates might mean for their balance sheets, borrowing strategies and overall business positioning.

The cost of the draft plan for sweeping tax cuts weighed in at $3.8 trillion over the next 10 years in one official estimate. The reality is likely much higher.

The Financial Accounting Standards Board issued a proposed accounting standards update on debt exchange transactions involving multiple creditors.

The federal government's financial condition worsened by $4.7 trillion in the past year, according to a new report.

President Trump' and congressional leaders successfully corralled House Republican lawmakers to approve a Senate-passed budget outline.

Ultra-conservatives in the House are threatening to block a budget blueprint to kickstart tax cut negotiations, potentially delaying passage of Trump's economic plan.

House and Senate Republicans are battling over the size of spending cuts to be paired with a giant tax cut coming later this year.

The ASU clarifies how the existing guidance would apply to settlements of convertible debt instruments with cash conversion and other features.

The annual rush to pay Uncle Sam means the Treasury doesn't need to issue as much short-term debt as in other months to fund the U.S. government.

What are the major accounting considerations when evaluating complex debt and equity financial instruments?

Biden's team agreed to trim $21 billion over a decade from IRS enforcement and $28 billion from prior COVID spending.

McCarthy has told Biden that he did not intend to retreat from public refusals to accept additional taxes as part of an agreement.

The Treasury Secretary Janet Yellen underscored the urgency of the White House reaching a deal with Republicans to raise the debt limit.

The amount of money that the U.S. government has on hand to pay its bills plummeted by $53 billion.

The government reached the statutory cap on borrowing in January and the Treasury has since been using special accounting measures to make cash available.

The International Accounting Standards Board hopes to improve the information provided by companies about their debts.

The government’s debt dynamics have strengthened thanks to recent improvements in the economy and increased revenue, according to credit assessor Fitch Ratings.

Here is a peek into what can be expected in the near future.

ASU 2020-06 simplifies accounting for convertible debt and free-standing equity-linked instruments.