Government Jobs Soared To New Record For Another Month As Federal Debt Piles Up
The United States set a new record in January for the total number of Americans employed by the government, according to data from the Bureau of Labor Statistics (BLS). The government added 36,000 new employees in January, including 11,000 in the federal government and 19,000 in local governments, for a total of 23,091,000. according to […]
Stacey Abrams’ once-powerful voting rights group faces massive layoffs as it struggles with millions in debt
Fair Fight, a once-powerful voting rights organization founded by two-time unsuccessful Georgia gubernatorial candidate Stacey Abrams, is closing as it continues to grapple with multimillion-dollar debts, according to reports earlier this week. , almost all of its staff will be laid off. The Atlanta Journal-Constitution reports that Fair Fight, which helped increase voter turnout and […]
Inflation broke Americans’ holiday budget – here’s how long it will take to pay off debt
Some consumers may be able to pay off their holiday spending by the new year. (iStock) Most Americans are experiencing a holiday spending hangover that could take months to recover from, according to a recent survey. According to a recent WalletHub survey, 74% of consumers said inflation had a bigger impact on their holiday spending […]
China Evergrande Ordered to Liquidate After Racking up $300 Billion in Debt
A Hong Kong court on Monday ordered giant company China Evergrande Group into liquidation, a move that has long been feared but is perhaps inevitable, putting China’s troubled real estate market at risk. This brings us one step closer to a major crisis. Hong Kong judge Linda Chan I got it. Her ruling found Evergrande […]
JPMorgan Chase CEO Jamie Dimon warns US economy heading towards ‘the cliff’ predicts debt ‘rebellion’
JPMorgan Chase Chairman and CEO Jamie Dimon says the U.S. is accelerating toward a cliff as runaway U.S. debt continues to rise, and he said the country is accelerating toward a cliff before it reaches a crisis. It is sounding the alarm that something needs to be done about it. The CEOs of the nation's […]
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 […]