Self-identified socialist atheist teacher goes viral for demanding student loans be cancelled after divulging his own debt
A person claiming to be a socialist atheist teacher went viral after posting about his personal financial situation and demanding that his student loans be cancelled. Stephen Cotterill said he and his wife have amassed $70,000 in student loan debt, but more than 20 years later they still owe $60,000. “My wife and I dropped […]
More student loan borrowers will see their debt ‘canceled’ with taxpayers left picking up the tab
On Friday, the Biden administration announced it would move forward with the next round. federal student loan cancellationaccording to the White House press release. “From day one in office, I vowed to fix the student loan system and ensure that higher education is a path to the middle class, not a barrier to opportunity. “We […]
Nearly 30% of Americans behind on debt payments in largest metros, study finds
Ramsay Show co-host George Kamel has reacted to Guy Fieris' stance on leaving his fortune to his children and how to avoid overspending and credit card debt. Last year, American households racked up a record $17.29 trillion in debt due to outstanding mortgages, credit cards and student loans, according to the latest figures from the […]
American CEOs view national debt as top geopolitical risk in 2024: Survey
U.S. CEOs say in a new survey that geopolitical risk, the country's ballooning national debt, is the biggest concern for business this year ahead of wars in Ukraine and the Middle East. According to The Conference Board's C-Suite Outlook 2024 survey of CEOs and executives, the likelihood of an increase in cyber attacks is second […]
How much debt is too much debt?
FreedomWorks Chief Economist Steve Moore joins The Bottom Line to weigh in on President Biden, who blames Republicans for 90% of the increase in the national debt. The U.S. national debt exceeded $34 trillion this month for the first time in history, and with large deficits expected to continue, questions about the sustainability of the […]
US $34 trillion national debt is ‘boiling frog’ scenario for economy
A senior JPMorgan Chase analyst has warned that the country's soaring national debt, which recently surpassed a record $34 trillion, resembles a “boiled frog” for the economy and Wall Street investors. Michael Chamberrest, head of markets and investment strategy for JPMorgan's wealth management division, predicted dire consequences for the economy if the Biden administration doesn't […]
Mike Johnson just cemented Kevin McCarthy’s debt bomb
“This is the most the Republican Party has accomplished in over a decade,” House Speaker Mike Johnson (R-Louisiana) said in a “Dear Colleague” letter over the weekend announcing his latest surrender to Joe Biden. “Represents the most favorable budget agreement ever reached.” Hmm…where did you hear that bromide from Republican leadership? Seven months ago, Johnson's […]
More Americans are racking up credit card debt
Jeff Sica, founder of Circle Squared Alternative Investments, explains why consumer spending will drop dramatically before the Varney & Co. holiday. More and more Americans are saving money credit card debt A new report from Bankrate says this trend could be a harbinger of economic troubles ahead. Nearly half of credit card holders (about 49%) […]
Epstein files, Harvard shake-up, national debt soars, Apple bruised
Barron's Roundtable panelists provide their outlook on the market and discuss three things investors should be thinking about now. This week's issue, week 1 of 2024 – Jeffrey Epstein's new document dump reveals world leader, former president, luxury hotel mogul, and hedge fund titan – Embattled Harvard University CEO Claudine Gay resigns. Will there be […]
KJP tries to blame $34 TRILLION national debt on Republicans
Joe Biden's biggest accomplishment yet has arrived. The leader of the free world led the United States into a $34 trillion national debt. But Karine Jean-Pierre doesn't think so. In fact, she thinks Republicans should be grateful for such impressive numbers. Jean-Pierre argues that her data shows she has “trickle-down debt,” which she says should […]