Hedge fund billionaire says US debt ‘is a growing concern that cannot be overlooked’
Philip Swagel, director of the Congressional Budget Office, is analyzing where lawmakers stand to rein in the rise in debt. Founder and CEO of Citadel ken griffin He sounded the alarm about the growing U.S. national debt in his annual letter to investors in his hedge fund, published Monday. Griffin pointed to recent projections by […]
A million simulations show US debt is on an ‘unsustainable’ path
Treasury Secretary Janet Yellen talks about inflation risks, taxes and credit card debt in an exclusive interview with FOX Business. The United States is almost certainly on an unsustainable path to astronomical increases in the national debt, according to one million simulations conducted by Bloomberg. Bloomberg reported on Tuesday that it ran 1 million simulations […]
Citadel CEO Ken Griffin warns on ‘irresponsible’ US debt
Hedge fund billionaire Ken Griffin has slammed the US government for its mounting debt mountain, suggesting that future generations will face dire consequences if the US sinks deeper. “The rapid rise in U.S. public debt is a growing concern that cannot be ignored,” Citadel founder and CEO Griffin wrote in his book. End of 2023 […]
Americans are draining their retirement accounts, racking up debt due to high inflation
MacroMavens President Stephanie Pomboy discusses the economy, the impact of inflation on consumers, and her expectations for fourth quarter GDP. Chronic inflation is hampering the ability of millions of Americans to prepare for their financial future, according to new research released by Allianz Life Insurance. According to research by Allianz Life Insurance Company of North […]
Ex-MMA coach James Krause $5M in debt after alleged fight-fixing scandal
Commercial Content 21+ Former mixed martial arts coach James Krause, the man at the center of an alleged match-fixing scandal, resurfaced over the weekend, announcing he was deep in debt and now battling the real estate world. “I’m over $5 million in debt and I can’t sleep for a second because of it,” Kraus wrote […]
Paramount’s Debt Rating Downgraded to ‘Junk’ as Cable Subscriptions Plunge
Hollywood studio Paramount Global has been downgraded to junk status by S&P. S&P cited a continued decline in cable TV subscribers as the reason for the credit rating change. Paramount, which owns numerous terrestrial TV properties including CBS, Nickelodeon, MTV, BET and Comedy Central, faces similar dire economic forecasts as other legacy studios. American households […]
‘Just as illegal as the old plan’: Biden hit with lawsuit over latest student loan debt ‘forgiveness’ program
Eleven states, led by Kansas Attorney General Kris Kobach (R), filed a lawsuit against the Biden administration on Thursday after the White House announced more federal student loan debt “forgiveness” last week. fox business report. “A coalition of states is suing Biden and his co-defendants, the Department of Education and Secretary of Education Miguel Cardona, […]
Biden jokes about Trump being ‘crushed by debt’ after ex-prez’s net worth soars to $6.4B
President Biden joked on Tuesday that Republican nominee Donald Trump is “crushed in debt,” a day after it was reported that his net worth had ballooned by billions of dollars. “The other day, a guy who lost came up to me and said, ‘Mr. told a crowd at a campaign fundraiser in Raleigh, North Carolina. […]
Consumers spend more than $1 trillion on interest payments, largely due to increasing credit card debt
Credit card debt will account for half of all interest paid in the final quarter of 2023. (iStock) Interest payments for U.S. consumers are orders of magnitude higher. Last quarter, consumers spent a record $1.1 trillion on interest payments alone. reported quartzusing data from the U.S. Bureau of Economic Analysis (BEA). More than half of […]
Biden admin forges ahead with student loan debt ‘forgiveness’ by ‘canceling’ $6 billion for 78,000 public service workers
The Biden administration continues to announce additional rounds of federal student loan debt “forgiveness” despite last year’s Supreme Court ruling. On Thursday, the White House issued the following statement: press release An additional $6 billion in debt cancellation was announced. “Today, my administration will cancel student loans for 78,000 more public servants, including teachers, nurses, […]