Hagerty Indicates He Might Offer Extension on Debt Ceiling — Trump Requires ‘the Time and the Space’ to Boost Economy
On this week’s episode of FNC’s “Sunday Morning Futures,” Senator Hagerty (R-TN) expressed his support for President Trump’s initiative to push through the so-called “big, beautiful bill,” aimed at extending the debt ceiling, a move that has received some criticism from fellow Republicans. “Senator, I understand that you’ve got several voices to consider,” host Maria […]
House GOP spending leader: ‘I doubt we will have a pause on the debt limit’
On Sunday, House Budget Committee Chairman Tom Cole (R-Okla.) expressed skepticism about the possibility of a “debt limit suspension.” This came shortly after Treasury Secretary Scott Bescent urged Congress to raise the debt ceiling by mid-summer. “I don’t think there’s any chance for a debt limit suspension because Republicans prefer to keep revisiting this topic,” […]
US may reach debt limit by July.
Treasury Secretary Scott Bescent has urged Congress to take action regarding the nation’s debt ceiling before the mid-July deadline to avert a potential default. He emphasized the necessity of raising the debt ceiling to ensure the federal government can meet its financial obligations. This call for action comes as Republicans plan to use a budget […]
Bessent calls on Congress to address the debt limit by mid-July.
Treasury Secretary Scott Bescent urged Congress on Friday to raise the national debt ceiling by mid-July, aiming to prevent the federal government from defaulting on its debts, which exceed $36 trillion. In a letter to Speaker Mike Johnson (R-LA), Bescent expressed concern that the government’s cash reserves and extraordinary measures might be depleted by August, […]
Twenty years of the Glazers: a moral debt at United with football footing the costs
Back in June 2005, when the Glazers first set foot in Old Trafford, the atmosphere outside was quite intense. Manchester United fans expressed their anger with slogans like “Die Glazer Die” on banners, clashing with police. Inside, however, the Glazers were quite the opposite; they were, in a way, shopping. Joel, Abram, and Brian weren’t […]
You may not agree with the answer to the debt crisis, but this is how to solve America’s spending issue.
It’s hard to ignore the ballooning national debt. Many recognize it, yet nobody seems eager to tackle it head-on. The annual deficits are staggering—projected to reach around $37 trillion, with a deficit of $2 trillion each year. Interest payments alone are set to surpass $1 trillion annually, even eclipsing current defense spending. This isn’t just […]
Man in Kansas arrested for stealing 800-pound cannon from the Spanish American War to pay off drug debt
This strange theft might seem a bit outrageous. A low-level drug dealer, Gordon Pierce, aged 38, found himself in a precarious situation. After settling some serious debts with a volatile boss who threatened his life—and that of his family—he resorted to stealing an 800-pound cannon from a Kansas park, all tied to the history of […]
Trump Administration Restart Student Loan Debt Collections
The Department of Education has restarted its collection of defaulted student loans, making it clear that taxpayers will not bear the cost of these unpaid debts. This resumption follows a suspension that has been in place since March 2020 due to the Covid-19 pandemic, affecting over 5 million borrowers currently in default on federal loans. […]
Trump administration resumes forced collections on student loan debt
The Department of Education has resumed federal student loan collections, emphasizing the shared responsibility to protect taxpayers from unpaid debts. Following a suspension during the Covid-19 pandemic since March 2020, this restart is expected to impact around 5.3 million borrowers currently in default on their federal student loans. Education Secretary Linda McMahon mentioned that as […]
Borrowers with defaulted student loans are now dealing with debt collections.
Starting Monday, millions of borrowers who have defaulted on their student loans will get notifications about their accounts being sent to collections. This decision follows the Department of Education’s announcement last month aimed at shielding U.S. taxpayers from bearing costs linked to federal student loans. The department emphasized that borrowers willingly took on these loans […]