Americans’ monthly debt payments surge since the pandemic
Bank of America CEO and Chairman Brian Moynihan talks about Fed interest rate hikes, consumer resilience in 2024, and regulation of major banks. The average amount Americans pay just to cover their debt payments has soared by $350 a month in recent years, due to a combination of rising prices, ballooning balances, and prohibitively high […]
Consumers are propping up the US economy, but they’re going into debt to do so
“Barron's Roundtable” host Jack Otter discusses the Biden economy as Treasury Secretary Janet Yellen is expected to take aim at President Trump's impact on the economy and big tech stocks. Americans' commitment to spending in the face of high inflation and interest rates, which has kept the engine of the U.S. economy running for the […]
Georgia Community Donates to Wipe Out Student Lunch Debt After Reduced Meal Plan Causes Outrage
All public school students in Decatur, Georgia have been wiped out of lunch debt thanks to generous community members and a new grant. Children with meal debt in Decatur City Schools would have received “replacement.” lunch program Fox 5 Atlanta reported that starting Feb. 1, only milk and cheese sandwiches will be included. The total […]
Trump added $8.4 trillion to the national debt: Analysis
Tax cuts and pandemic relief enacted under the Trump administration increased the national debt by $8.4 trillion over the 10-year budget period, according to a study released Wednesday by the head of a budget watchdog group. Discretionary spending increases in 2018 and 2019 added $2.1 trillion, and President Trump's signature Tax Cuts and Jobs Act […]
Eric Adams promises to erase medical debt for 500,000 people
New York City Mayor Eric Adams has pledged to eliminate more than $2 billion in medical debt for more than 500,000 residents. To address what the mayor's office has identified as the number one cause of bankruptcies, Mayor Adams announced that the city will work with nonprofit organizations to buy medical debts in bulk from […]
NYC Mayor Adams Says He’ll Wipe More Than $2B In Medical Debt For 500K Residents
New York, NY – January 15: New York City Mayor Eric Adams speaks on stage. (Photo by Jason Mendez/Getty Images for (BAM) Brooklyn Academy of Music) OAN's Brooke Mallory11:18am – Tuesday, January 23, 2024 Following heavy criticism of his erratic and erratic leadership in the face of an immigration crisis that is draining the city's […]
DARREN NELSON: Here’s What It Will Take To Actually Solve America’s Debt Problem
Federal debt has recently reached yet another all-time high, reaching a staggering $34 trillion as of December 2023, driven by $1.7 trillion in revenue and spending deficits. It's true that deficits increase debt, but spending is the driving force. Despite what Democrats would like us to believe, the solution is not to raise taxes or […]
Biden admin cancels another $5 billion in student loan debt amid borrowers’ repayment boycott
For the second week in a row, the Biden administration announced the following: another round Federal student loan cancellations announced Friday press release From the White House. Biden plans to phase out student loan debt after the Supreme Court last year struck down the president's illegal total debt cancellation plan that would have forgiven $10,000 […]
National debt is the greatest threat to our country, its time for Congress to act
While many Americans celebrate the holidays with loved ones, our country has reached a milestone that is not something to celebrate. The national debt is now over $34 trillion.. In just 10 years, the national debt has more than doubled. This level of debt is not only unsustainable, but it is also increasing at the […]
Student loan borrowers are boycotting repayments to pressure Biden admin to cancel debt
Millions of student loan borrowers refuse to repayOne report said they hope their boycott will put pressure on the Biden administration to cancel all debt. Intelligent.com Survey It was released on Monday. The study surveyed 1,000 borrowers and found that 1 in 10 people with federal student loan debt default on their payments. It has […]