Will Congress Garnish Wages To Repay Student Loans?

Dec. 6 (Bloomberg Law) -- A proposal in Congress could mean big changes to the way debtors pay back student loans. Wisconsin Congressman Tom Petri wants companies to automatically deduct student loan repayments from employees' checks -- just like the IRS does with your taxes. Also, new national banking regulations from around the world are starting to cause big banks to think twice about expanding their global operations. Finally, a new study has come out ranking BigLaw firms by value. Guess who came out on top.

Searching the Bond Market For Clues on Rates
20:49 - Sovereign bonds surged, sending the Japanese benchmark 10-year yield below zero for the first time, as investors seeking the safest assets gorged on government debt. Treasury yields dropped to a one-year low in the rush to refuge from a worldwide stock rout. Traders pared the odds the Federal Reserve will raise interest rates this year to 30 percent, before Chair Janet Yellen begins her two-day testimony to Congress on Wednesday. BNP Paribas Senior Investment Strategist Daniel Morris. joined “On the Move” host Jonathan Ferro to discuss.
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