Student loan borrowers facing financial hardship may qualify for Bidenâs new round of debt relief
Borrowers with large medical debts, childcare costs, and other financial burdens are eligible for relief. (iStock) Recent Biden-Harris Administration Announcing another proposal We help borrowers deal with high-cost student loans. This round of student debt relief is intended to help students facing severe financial hardship. The proposal would provide automatic relief to borrowers deemed likely […]
Biden Cancels Another $1.2B In Student Debt
(Photo by Kevin Dietsch/Getty Images) OAN’s James Myers7:54am – Wednesday, February 21, 2024 The Biden administration announced it will cancel an additional $1.2 billion in student loan debt for more than 150,000 borrowers six months ahead of schedule. advertisement President Joe Biden activated the Savings for Valuable Education (SAVE) plan policy, which will cancel debt […]
Biden admin continues to ignore Supreme Court ruling â wipes out another $1.2 billion in student loan debt
The Biden administration announced Wednesday morning that it has approved an additional $1.2 billion in federal student loan debt cancellation, according to the White House. press release. According to a recent statement, around 153,000 borrowers currently enrolled in the government’s ‘Precious Education Savings’ repayment plan will have their debts cancelled. Borrowers who enroll in SAVE, […]
Major Credit Card Company Announces Mega Acquisition As Debt Continues To Strangle Americans
As Americans continue to struggle with credit card debt, Capital One announced Monday that it will acquire a rival financial services company in a major stock deal, according to the New York Times. The McLean, Virginia-based bank announced it would acquire Discover Financial Services in a $35.3 billion all-stock deal, The New York Times reported. […]
Consumer spending and debt are up as US economy begins rebound
Consumers increased spending on retail and food services, increasing household debt. (iStock) Retail and food service purchases reached an estimated $700.3 billion in January 2024, an increase of 0.6% year over year. Census Bureau data indicates. Increased purchases and other debts are contributing to the increase in household debt. Total household debt in the United […]
Interest costs on US national debt set to exceed defense spending this year
Economist Peter Morisi breaks down what the national debt is, why it has ballooned to more than $34 trillion, and what it means for Americans. The sharp rise in interest rates over the past year may cause some collateral damage to the U.S. government’s finances. Because when interest rates rise, federal borrowing costs Debt will […]
FedEx Founder Fred Smith: U.S. record debt âunsustainableâ
Economist Peter Morisi breaks down what the national debt is, why it has ballooned to more than $34 trillion, and what it means for Americans. FedEx founder and executive chairman Fred Smith added his name to the list of business leaders who are sounding the alarm on the soaring U.S. national debt, telling Fox News […]
Eric Swalwell’s Campaign Keeps Living The High Life Despite His Mountain Of Personal Debt
Democratic California Rep. Eric Swalwell’s re-election campaign is under way, as public records reveal that he continues to spend heavily on luxury goods and services, even though he is deeply in debt. Ta. According to Federal Election Commission (FEC) filings, Swalwell’s campaign spent a total of $100,000 on yacht services, luxury hotel stays, gourmet restaurants, […]
A bipartisan fiscal commission could help lawmakers address our looming debt issues
In the words of Gerald Ford, one year from now, our long national nightmare will be over. At least until the November results are in, the nightmare will be over for about half the country. Someone has just been sworn in as president, a new Congress will be sworn in, and a divided government is […]
Mayor lashes out at trustees angered by her lavish spending with village $5M in debt: ‘Attacking a black woman’
Black municipal leaders in Illinois responded to recent protests after Black trustees dared to question the extravagant spending habits of a village that is reportedly millions of dollars in debt. He called for racial unity at a public meeting, leading to an altercation. Monday, Democratic Mayor Tiffany Henyard He denounced the board of trustees of […]