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.
Loomis Sayles's Fuss on Treasuries, Fed, U.S. Economy
08:10 - Dan Fuss, who manages the Loomis Sayles Bond Fund, talks about Treasuries, corporate debt, Federal Reserve policy and the U.S. economy. Fed Vice Chairman Stanley Fischer said policy makers will consider global growth as they begin to raise interest rates, and that they could increase borrowing costs more gradually should the world economy falter. Fuss speaks from Tokyo with Rishaad Salamat on Bloomberg Television's "Trending Business." (Source: Bloomberg)
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