Fed chairman Ben Benanke says US debt 'clearly unsustainable'
Although historical experience and economic theory do not indicate the exact threshold at which the perceived risks associated with the US public debt would increase markedly, we can be sure that, without corrective action, our fiscal trajectory will …
Read more on Toronto Star

Saba's Weinstein Says Stocks Attractive While Corporate Debt Is Overpriced
… of an economy and profits from pricing irregularities between securities, said he is buying the ninth series of Markit Group Ltd.'s CDX North America Investment Grade Index, which is composed of 119 credit- default swaps tied to high-grade debt.
Read more on Bloomberg

US regulators penalize debt collector for deception
WASHINGTON (Reuters) – Asset Acceptance LLC, a major US buyer of consumer debt, agreed to pay a $ 2.5 million civil penalty to settle charges that it used deceptive collection practices, the Federal Trade Commission and Justice Department said on Monday …
Read more on Reuters