Judge removes Biden administration’s rule on medical debt credit reporting
A federal judge in Texas recently overturned rules enacted during the Biden administration that allowed for the removal of medical debt from credit reports, according to court filings. US District Judge Sean Jordan, appointed by Trump in 2019, stated that the previous administration’s regulations exceeded the authority of the Consumer Financial Protection Bureau (CFPB). This […]
Yusuf Salaam has a six-figure tax debt, even with his speaking engagements.
City Councilman Yousef Salaam’s Tax Troubles City Councilman Yousef Salaam, one of the exonerated members of the Central Park Five, has accumulated a significant amount of unpaid federal taxes, reportedly in the hundreds of thousands. This comes as a surprise considering his substantial earnings from speaking engagements, as revealed by recent information. His 2024 financial […]
How the GOP’s significant bill increases debt for future generations
Recently passed legislation by President Trump is set to add trillions to the national debt in order to finance permanent tax cuts, according to most traditional forecasts. While Republicans assert that the bill will spur economic activity to counterbalance the tax revenue lost, very few economists are convinced. The implications of this could be severe […]
National Parks struggle with $23 billion in debt while new commission addresses conservation issues
Preserving America’s Natural Beauty The stunning landscapes of America have long inspired a sense of patriotism. As people moved westward, they adapted to the land, establishing national parks to safeguard its diverse beauty, which in turn supported economic growth. There’s a shared commitment among many to protect this natural heritage for future generations. Yet, in […]
Trump’s proposal will create a surplus instead of debt, contradicting CBO estimates.
Trump’s Legislation Sparks Economic Debate The recent passage of a significant bill by the Republican Congress and President Donald Trump has been hailed as a major achievement for the American populace. This legislation, referred to as OBBB, has drawn criticism from liberal media outlets, including CNN and The New York Times, which argue that it […]
How the GOP megabill increases debt for future generations
A newly enacted piece of legislation from President Trump could add trillions to the national debt as it aims for permanent tax cuts, according to many standard estimates. While Republicans assert that the bill will spur enough economic activity to compensate for the lost tax revenue, most economists don’t really see it that way. The […]
Why we need to stop stressing and start appreciating the national debt
Moody’s recent downgrade of US credit ratings has reignited discussions around national debt. As Treasury bond yields rise and President Trump’s substantial fiscal bill is anticipated to increase debt, many are expressing worries about the country’s financial health. Peter Orzag, who served as budget director under President Obama, voices similar concerns, stating that it’s time […]
Trump’s $3.3 trillion plan increases the debt ceiling and introduces work conditions for Medicaid.
Trump Signs Significant Bill with Major Tax Changes On Friday, President Donald Trump approved a substantial $3.3 trillion bill, highlighting it as a “big, beautiful bill.” He had assured that the House would pass it by Thursday to meet a July 4th deadline. This legislation includes key elements that make personal and business tax credits, […]
Students surprised to discover that some owe $323,051 in national debt
Voters React to Government Debt Discussions Amid Trump Bills “$10 million?” some might say. Others might throw out numbers like, “100 million dollars?” But really, those figures sound way too low. I mean, surely it’s more along the lines of billions, right? “Yeah, maybe at least $50 billion. Or $100 billion,” someone quips. The back-and-forth […]
GBP/USD declines under 1.3650 due to worries about UK debt and attention on US jobs data.
GBP/USD is facing sales pressure around 1.3625 during Thursday’s Asian session. Concerns regarding UK debt appear to be weighing on the pound. US employment data for June will take center stage later today. The GBP/USD exchange rate is expected to decline further to nearly 1.3625 as trading continues in Asia on Thursday. The British pound […]