US debt exceeds $37 trillion for the first time as OBBBA allows for further increases
Last week, the federal government’s gross debt exceeded $37 trillion for the first time ever. This limit allows for an increase of trillions more since President Donald Trump recently enacted the one big beautiful bill law (OBBBA). On July 4th, Trump signed the OBBBA, which raised the debt limit by $5 trillion. This move effectively […]
Ex-senator’s PAC spent on luxury benefits while overlooking $50,000 tax debt
Former Ohio Senator Faces Tax Issues and Luxury Spending Claims Former Democratic Senator from Ohio, Sherrod Brown, who has long championed financial responsibility, has missed a tax payment of $50,000 while spending almost $500,000 on luxury consultants and perks, including stays at upscale hotels in cities like Los Angeles and catering services in New York […]
National debt in the US exceeds $37 trillion, arriving years earlier than anticipated.
The U.S. government’s debt has surged past $37 trillion, marking a significant indication of how rapidly federal borrowings have increased, with interest costs impacting the overall economy. These new figures were released in a report by the Treasury Department on Tuesday, highlighting the government’s financial status and showing that its debts have reached levels higher […]
Fewer than half of student loan borrowers are up to date on $1.6 trillion in debt
Fewer than half of student loan borrowers are finding it difficult to afford homes and groceries, even as they manage a staggering $1.6 trillion in debt. Currently, only 38% of the 42.7 million borrowers in the U.S. are up to date on their repayments. This situation has persisted since the Covid-19 pandemic, despite five years […]
Senators raise concerns as national debt nears $37 trillion mark
US National Debt Approaches $37 Trillion The national debt of the US is climbing rapidly, nearing $37 trillion. It seems unlikely that President Trump’s proposed “Big Beautiful Building” initiative will slow this increase, according to the Congressional Budget Office’s dynamic analysis. Several senators from both parties have expressed serious concerns about the looming debt crisis […]
I needed money quickly. My credit card came through – no hassle, no debt risk.
Recently, I recalled an email from one of my credit card companies regarding a “credit-on-credit” service. So, I quickly called their customer support, and honestly, I was surprised at how easy it was. After a brief verification, I was approved for a cash loan that amounted to 90% of my credit limit. The best part? […]
Leading Hedge Fund Executive Cautions About UK’s ‘Debt Doom Cycle’
The UK is caught in a cycle of fate driven by unsustainable government spending, pushing taxpayers to seek opportunities elsewhere and leading to a downward trend of tax increases that disrupt the market and create tough choices historically. Ray Dario, representing one of the leading hedge funds globally, highlighted the UK as a stark example […]
Group of lawmakers from both parties seeks meeting with Trump to discuss immigration and debt issues
The Solvers Caucus, a bipartisan group in the House of Representatives, is eager to engage in discussions about immigration and other important reforms. Co-chairs Brian Fitzpatrick (R-Pa.) and Tom Suzzy (D-N.Y.) recently sent a letter requesting a meeting with President Trump to address these key issues, after the caucus formed a working group this year […]
Zac Brown is risking debt to finance his Las Vegas Sphere residency.
Zac Brown Takes on Debt for Las Vegas Residency Zac Brown has shared that he’s stepping into debt to fund his upcoming No. 4 residency in Las Vegas later this year. “We’re just going to go into debt to make it happen,” said the 46-year-old country star in a recent interview. His concerts at the […]
Venmo and PayPal users can assist the US government in reducing its $36.7 trillion debt.
The US Treasury is now allowing donations via Venmo and PayPal as a way for individuals to contribute towards alleviating the national debt, currently standing at an astounding $36.7 trillion. To make a donation, one can visit the “Gifts to Reduce Public Debt” section on Pay.gov. This update was highlighted by NPR’s Jack Corbett. This […]