The amount of debt that is canceled (including the amount of capitalized interest that is canceled, if any) is a gain to the entity whose debt is canceled and a loss to Treasury (or other agency).
As a general rule, agencies hate to cancel any form of debt.
mnli hypothesis: As a general rule, agencies hate to cancel any form of debt. premise: The amount of debt that is canceled (including the amount of capitalized interest that is canceled, if any) is a gain to the entity whose debt is canceled and a loss to Treasury (or other agency).