Janet Yellen issues warning to Congress as US nears debt limit | US politics
In a letter sent to Congressional leaders Friday afternoon, Treasury Secretary Janet Yellen called the “extraordinary measures” aimed at preventing the debt ceiling from being hit as early as Jan. 14. , that is, it is necessary to initiate special accounting measures. . “Treasury expects to reach the statutory debt ceiling between January 14 and […]
Credit card debt set to hit record levels as consumer holiday spending rises – CNBC
A woman shops at a Target store in Chicago on November 26, 2024. Kamil Krzaczynski | AFP | Getty Images Heading into the holiday season, many Americans were already saddled with record credit card debt. Still, consumer spending is expected to reach new highs this season. The National Retail Federation said last week that spending […]
Nebraska man who lost his home of almost three decades over $588 debt is getting it back
A Nebraska man will regain ownership of his home years after losing it due to a $588 tax debt, one of his attorneys announced Thursday. Scottsbluff resident Kevin Fair has been embroiled in a legal dispute since 2018, when he lost ownership of the home he had owned for nearly 30 years after failing to […]
Restore self-government by handing debt power to states
Donald Trump shocked Congress last week by calling for the debt ceiling to be lifted, or at least suspended for the remainder of his presidency. This is a position that Democrats typically support. Thankfully, this plan has been shelved for now, but there may be a way for conservatives to turn this political lemon into […]
Debt ceiling woes suggests limits to Trump power over GOP
President-elect Trump wields tremendous power among Republicans in both houses of Congress, but his struggle to persuade them to bend to his will on the debt ceiling shows that it has its limits. Suggests. Thirty-eight conservative Republicans on Thursday voted against stopgap funding measures, including a two-year suspension of the debt ceiling, saying they could […]
Roc-A-Fella co-founder and former Jay-Z partner Damon Dash hid dough to dodge debt: suit
Fallen rap mogul and former Jay-Z partner Damon Dash hid money in a network of corporate entities to avoid paying a nearly $100,000 judgment, a new lawsuit alleges. has been done. Author Edwina Brooks is a previous recipient of the award. $300,000 Copyright Infringement Lawsuit It filed a lawsuit against Dash in 2020 and filed […]
Mike Johnson Hands Trump a ‘Big Mess’ After Debt Ceiling Betrayal
President-elect Donald Trump will face “major turmoil” as he begins his term following the passage of a spending bill aimed at averting a government shutdown. Under the spending bill: passed According to NBC News, the Senate on Saturday will keep the government in session until March 14, 2025. The bill's passage in the Senate comes […]
Kasich: It’s finally time to tackle the national debt
Many people call me a wolf boy. The reason is my decades-long concern about the ever-increasing U.S. government debt. For years, in Congress and as governor, I have raised the alarm about the federal government's corrosive habit of spending more than it takes in, and the need to borrow even more money to fill the […]
Biden administration withdraws proposed regulations on transgender athletes, student debt
The Biden administration on Friday rescinded pending regulations governing transgender athletes, abandoning efforts to provide certain protections for transgender students opposed by the incoming Trump administration. The administration also withdrew a proposal to forgive student loans for about 38 million Americans, which the Education Department said was due to “administrative issues.” “With the time left […]
US House passes funding proposal without Trump’s demand to raise debt limit | US politics
The U.S. House of Representatives passed a funding bill Friday night, hours before the U.S. government shutdown, and a bill that would drop President Donald Trump's demand to raise the debt ceiling. The bill, which passed 366-34, authorizes three months of government funding and will be sent to the Senate, where it is expected to […]