Senate Dem: 'Neither party has any credibility' on taxes and debt levels
Ahead of the tax measure's scheduled expiration next year, Sen. Mark Warner (D-Va.) said Thursday that neither Democrats nor Republicans can be particularly trusted when it comes to the issues of taxes and the national debt level. “Frankly, neither party has any credibility on this issue,” he said. Warner said the last time there was […]
Interest On U.S. Debt Tops $1 Trillion For The First Time
The U.S. government's interest burden on its public debt has already exceeded $1 trillion this year, marking the first time that interest costs have crossed the $1 trillion threshold. The Treasury Department said Thursday that interest payments totaled $1.05 trillion in the first 11 months of the fiscal year, up 30% from a year ago. […]
UK debt projected to almost triple over next 50 years, watchdog warns | Office for Budget Responsibility
Britain's debt mountain will almost triple over the next 50 years to more than 270% of national income under pressure from an ageing population, the climate crisis and security risks, the public finance watchdog has warned. In a report outlining the main risks to government tax and spending in the second half of the century, […]
Consumers see inflation easing, anxious about job market, personal debt
Dominari Financial CEO Kyle Uhl weighs in on Kamala Harris' economic policies and talks about his favorite tech stocks on “Mornings with Maria.” According to a new report released Monday by the Federal Reserve Bank of New York, U.S. consumers Inflation mitigationHowever, concerns have grown about the labour market and managing household debt burdens. of […]
Young voters deserve answers on the national debt
The 2024 election cycle has been noticeably absent from discussion of how to solve the U.S. national debt crisis. Vice President Kamala Harris is officially Accepted the rules She's scheduled to debate former President Donald Trump on Tuesday, but with just two months until the election and only one presidential debate scheduled, young Americans can't […]
Florida Republican, Democrat team up to tackle student loan debt as Biden-Harris forgiveness bids derail
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Biden pledges $7.3B in ‘clean energy’ spending with national debt at $35T
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GOP-led states sue to end Biden’s student debt forgiveness policy
Seven Republican-led states are suing to block President Biden's policies that would reduce or forgive debt for millions of student loan borrowers. The lawsuit alleges that the Department of Education is “illegally attempting to mass cancel hundreds of billions of dollars of loans” before the rules are finalized. The lawsuit, led by Missouri Attorney General […]
Fed interest rate cuts won’t help your credit card debt
Former CEO of the Federal Reserve Bank of St. Louis James Bullard discusses interest rate cuts and the labor market on “The Craman Countdown.” Wall Street and Main Street are poised to usher in the fall with the first interest rate cut since March 2020, when the COVID-19 pandemic began, raising hopes of lower borrowing […]
Hamptons real estate mogul Brandon Miller died $34M in debt with just $8k in the bank: report
Brandon Miller, a prominent New York real estate developer who committed suicide last month, was in even more severe financial trouble than initially disclosed at the time of his death. Miller, 43, who had been secretly racking up millions in debt with his influencer wife Candice and flaunting a lavish lifestyle in the Hamptons, was […]