JAMES CARTER: America’s Debilitating Federal Debt Spiral
The Congressional Budget Office (CBO) recently released a new report The federal government's financial situation is rapidly deteriorating. Former CBO Director Douglas Holtz-Eakin Commented After the report's release, he said: “The Union budget journey has reached a bleak point with a desperate fiscal trajectory. There is an urgent need to reset the budget GPS.” The […]
California bill banning medical debt from credit reports gets a boost
California Atty. Gen. Rob Bonta announced Monday that he is pushing for legislation that would ban medical debt from appearing on consumer credit reports. This is a Democratic-led effort to provide protections to patients who are under pressure from medical costs. Bonta is a sponsor Sen. Monique Limon's bill, SB 1061 seeks to prevent health […]
$6,688,935,719,341.77: Biden Sets Record For Increasing Federal Debt At This Point In His Presidency
In President Joe Biden's first 1,142 days in office, the federal debt increased more than any of his predecessors. According to , when Biden took office on January 20, 2021, the total federal debt was $27,751,896,236,414.77. Published data According to the Ministry of Finance. As of March 6, 2024 (the last day for which figures […]
Biden announces $1.2 billion in student debt forgiveness
President Biden announced Wednesday that he would forgive $1.2 billion in student loan debt for more than 150,000 borrowers, saying the relief would benefit the economy by helping people buy a home, start a family, and more. “Folks, I'm glad to be able to forgive these loans, because when we…free Americans from student loans, they're […]
Biden Admin Cancels $1.2 Billion Of Student Debt For Thousands Of Americans
President Joe Biden announced Wednesday that his administration would cancel $1.2 billion in student loans for thousands of Americans for months after the Supreme Court struck down previous efforts. president moved The plan will automatically cancel the student loans of 153,000 Americans eligible under the Biden administration's Savings for a Valuable Education (SAVE) repayment plan […]
FACT CHECK: Did AOC Say The US Should Print $34 Trillion To Pay National Debt?
post shared on social media New York Democratic Representative Alexandria Ocasio-Cortez reportedly argued that the U.S. government should print money to pay off the national debt. President Joe Biden's administration is considering supplying Ukraine with long-range missiles. NBC News report. U.S. officials have made it clear that the White House may provide these weapons to […]
REPORT: Court Orders Former NFL Superstar Antonio Brown To Repay $1 Million In Jewelry Debt
A judge has ordered former NFL superstar Antonio Brown to repay $1 million in jewelry debt after he failed to respond to a lawsuit regarding the incident. Shuki International, a prominent jeweler to the stars, sued Brown in April 2023, alleging that the former NFL star borrowed numerous expensive jewelry items in 2022 and failed […]
Here’s How Many People Are Behind on Debt Payments in Pinal County, Arizona
Here are the numbers of people in Pinal County, Arizona who are behind on their debt payments. According to the report, household debt reached a record high of $17.29 trillion in the third quarter of 2023. new york federal reserve. Excluding housing debt, the total amount was $4.8 trillion, an increase of 6.4% from the […]
Major Credit Card Company Announces Mega Acquisition As Debt Continues To Strangle Americans
As Americans continue to struggle with credit card debt, Capital One announced Monday that it will acquire a rival financial services company in a major stock deal, according to the New York Times. The McLean, Virginia-based bank announced it would acquire Discover Financial Services in a $35.3 billion all-stock deal, The New York Times reported. […]
Eric Swalwell’s Campaign Keeps Living The High Life Despite His Mountain Of Personal Debt
Democratic California Rep. Eric Swalwell's re-election campaign is under way, as public records reveal that he continues to spend heavily on luxury goods and services, even though he is deeply in debt. Ta. According to Federal Election Commission (FEC) filings, Swalwell's campaign spent a total of $100,000 on yacht services, luxury hotel stays, gourmet restaurants, […]
