Governor provides tax money to undocumented immigrants for college tuition as the state struggles with debt
Illinois Governor Signs Law for Financial Aid for Foreign Students On Friday, Illinois Governor JB Pritzker enacted a law requiring American taxpayers to fund financial aid for undocumented foreign students. This new legislation, known as House Bill 460, aims to ensure “equitable eligibility for financial aid and benefits.” Critics reacted strongly. One expressed, “That’s absolutely […]
Credit Card Defaults, Balances, Debt, Credit Limits, and Collections in the Second Quarter of 2025
Our drunken sailors and their credit cards. Wolf Richter on Wolf Street. Recently, credit card delinquency rates—referred to by some as “drunken sailors”—have shown some notable improvements. The delinquency rate for credit cards, defined as payments overdue by 30 days or more, decreased to 2.87% at the end of the second quarter, as reported by […]
New initiative to support certain Cincinnati homeowners facing property tax debt relief.
Cincinnati Property Tax Relief Initiative Cincinnati – Assistance may be on the way for families and homeowners burdened by unpaid property taxes, potentially arriving in the form of a letter in your mailbox. Mayor Aftab Pureval, alongside Hamilton County Treasurer Jill Schiller and local housing advocates, introduced a new initiative early Monday morning: the Property […]
Democrats Continue to Settle Kamala’s Campaign Debt While Party Struggles Against GOP in Fundraising
The Democratic National Committee (DNC) is significantly trailing behind Republicans in fundraising, as it works to settle debts from Kamala Harris’s 2024 presidential campaign, according to a report from Politico. By the end of June, the DNC had only amassed $15 million, partly due to diminished excitement among donors. In stark contrast, the Republican National […]
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? […]