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 […]
U.S. Credit Card Debt Reaches Record High $1.13T
(Photo by Joe Radle/Getty Images) OAN’s James Myers9:10am – Thursday, February 8, 2024 Credit card debt nationwide has once again hit an all-time high, according to a new report. advertisement New data released Tuesday by the Federal Reserve Bank of New York showed that Americans’ credit card balances have reached a staggering $1.13 trillion. The […]
Debt held by US public on track to hit record high in next decade: Estimate
Federal budget analysts said Wednesday that the amount of debt held by Americans is on track to reach record highs in the coming years as the federal budget deficit is expected to rise over the next decade. The Congressional Budget Office (CBO) predicts that public debt will increase significantly over the next decade, rising from […]
Record-High Credit Card Debt Brutalizes Middle Class in Biden’s America
Record-high levels of credit card debt “are primarily hurting low- and middle-income Americans, who tend to rent,” the far-left Associated Press reported. report. The AP article itself is a joke. Time and time again, they fail by using statements like “The U.S. economy is generally healthy,” or “The U.S. economy is currently doing better than […]
Credit card debt increases by $50B to new record high – The Hill
U.S. credit card debt increased by $50 billion in the fourth quarter of 2023, according to recent findings from the New York Fed. Latest reportThe total credit card balances through the end of December were $1.13 trillion, an increase of about 4.6 percent from the third quarter of 2023, according to a study released Tuesday. […]
Credit card debt increases by $50B to new record high
U.S. credit card debt increased by $50 billion in the fourth quarter of 2023, according to recent findings from the New York Fed. of Latest reportThe total credit card balances through the end of December were $1.13 trillion, an increase of about 4.6% from the third quarter of 2023, according to a report released Tuesday. […]
Credit card debt smashed another record high at the end of 2023
Portfolio Wealth Advisors President and Chief Information Officer Lee Manson talked about the expected earnings releases of major banks, the Federal Reserve’s interest rate cuts, and gave his outlook for the market this year. Americans are increasingly turning to credit cards to cover everyday expenses, with debt hitting a record high at the end of […]