Governments of all sizes and locations are owed money. In the U.S. federal government, citizens and businesses typically owe taxes, fines and fees. Consumers can also owe on federally-backed student loans, while businesses can owe on development loans. Several branches of the U.S. government have robust ARM operations, including the IRS and the Department of Education. On the state and local level, debts to the government can be too many to enumerate. From court fines and fees to sales tax to late parking tickets. An overwhelming majority of U.S. states, and thousands of municipal governments, have used private debt collectors to help recover their debts.
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Reaction to IRS Debt Collection Initiative Announcement
12 September 2006
U.S. Debt Growing at Fastest Rate in 20 Years - Fed
12 September 2006
U.S. House Panel to Consider Data Security Bill
12 September 2006
Bernanke Identifies Need to Close Industrial Bank Loophole
12 September 2006
House Committee Approves Bill to Protect Phone Records and Wireless Numbers
12 September 2006
Appeals Court Rules Against Debt-Collection Lawyers
12 September 2006
Economic News: Payrolls Grow and Wholesale Inventories Remain Tight
12 September 2006
US House Clears Financial Regulatory Relief Bill
12 September 2006
State Attorney General Investigating Hospital Collection Practices
12 September 2006
IRS Selects Three Firms to Take Part in Delinquent Tax Collection Effort
12 September 2006
Freddie, Fannie Measure Included in Lobbying Reform Bill
12 September 2006
Judge Suspends County Law On Penalties for Predatory Lending
12 September 2006
Fed Comments: Slowdown in Housing Shouldn't Slow Consumer Spending
12 September 2006
Illinois House Passes Legislation Involving Hospital Billing and Collections
12 September 2006
U.S. Productivity Slips for First Time Since 2001
12 September 2006
Consumer Credit Shows Signs of Picking Up in January
12 September 2006
U.S. Jobless Claims Rise to 303,000
12 September 2006
Banks, Regulators Call for Oversight Relief
12 September 2006
FDIC Monitoring Small Group of Gulf Coast Banks
12 September 2006
Tax Incentives OK'd for New Sallie Mae Debt Collection Center
12 September 2006