‘We All Owe Him a Debt of Gratitude’
President-elect Donald Trump paid tribute to former President Jimmy Carter, who has died at the age of 100, respectfully remembering him as a man who did his best “to improve the lives of all Americans.” The president-elect paid tribute to the late former president in a post on his Truth social account on Sunday. “We […]
Trump on McCarthy Pushing to Raise Debt Ceiling: ‘Nothing Was Gained’
President-elect Donald Trump criticized former House Speaker Kevin McCarthy (R-Calif.) for his earlier push to extend the debt ceiling until January 2025, calling it “the stupidest thing in years.” “It was a political decision,” he added. in post President Trump said on Truth Social that there was “no reason” to extend the debt ceiling, adding: […]
Trump blasts GOP, McCarthy over debt ceiling
President-elect Trump on Sunday harshly criticized House Republicans and former Speaker Kevin McCarthy (R-Calif.) for passing a bill that would increase the debt ceiling from 2023 to January 1, 2025. Trump praised McCarthy as “a good man and my friend” in a post on Truth Social, but said it would remain “one of the stupidest […]
US may hit new debt limit by mid-January, Treasury Secretary Janet Yellen warns Congress
Treasury Secretary Janet Yellen warned Congress on Friday that “extraordinary measures” will be needed to prevent the U.S. from defaulting on its debt if the debt ceiling is not raised or suspended by mid-January. In a letter to House and Senate leaders, Yellen said the national debt ceiling – the amount the federal government is […]
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 […]