After all, Ecuador was sitting on international reserves of $6 billion at the time it declared default, facing annual interest payments on the debt of less than $400 million.

Ecuador's bonds default stems from a government audit of its foreign debt that deemed most of the country's obligations “illegal” and recommended non-payment. In related news US President ...

For president Moreno boosting funds to fight the virus could conflict with efforts to pay creditors and implement austerity measures to balance a gaping fiscal deficit. The coronavirus outbreak in ...

Lately, "with high levels of credit card debt and high inflation," more and more people have "found themselves unable to cover monthly payments," leading credit card defaults to reach their ...

Insider correspondent Eliza Relman says that if the US defaults on its debt, it would affect public housing, healthcare, and possibly trigger a global economic catastrophe. More from News Insider ...

America's real estate sector could see up to $1 trillion of debt defaults over the next few years, according to Cantor Fitzgerald CEO Howard Lutnick. The billionaire Wall Street executive pointed ...