Household debt reaches an all-time high of $18.59 trillion in the third quarter.
In an appearance on “Morning with Maria,” Labor Secretary Lori Chavez Delemer discussed the negative impact of a potential government shutdown on American workers. She noted how such a move could exacerbate the ongoing shortage of air traffic controllers and hinder significant initiatives from the Labor Department. A recent report has highlighted that household debt […]
I’m a dairy farmer still facing debt at 63. My husband and I have two sons, and at one time we were spending $2,000 a month on health insurance. Who can assist us?
**Question:** “I’m 63, a first-generation dairy farmer, and still dealing with debt. I was denied disability benefits, but we have talked about retirement. My husband, who is 62, just started getting his disability after facing health challenges for many years. Our two sons are interested in farming, and I help out on weekends. They don’t […]
Household debt reaches an all-time high of $18.6 trillion while late payments stay high.
Household debt has reached a staggering $18.6 trillion, marking a new record in the last quarter. While most borrowers seem to be managing their payments, younger Americans, in particular, are feeling significant pressure. According to the Federal Reserve Bank of New York, about 3% of outstanding debt balances were 90 days or more overdue in […]
Sequans Sells $100 Million in Bitcoin to Reduce Debt
Recent Developments in Sequans’ Financial Strategy French semiconductor firm Sequans has taken a significant step by selling 970 bitcoins from its treasury to address its debts. This decision comes just a few months after the company adopted a digital asset strategy. Currently, Sequans maintains a total of 2,264 bitcoins, valued at around $228 million. Based […]
Victoria Beckham almost lost her fashion brand after accumulating significant debt.
Victoria Beckham’s Fashion Brand Struggled Financially Victoria Beckham revealed that her namesake fashion brand nearly faced closure due to careless spending, leaving the company “tens of millions of dollars in the red.” In a new Netflix documentary, she shares her journey, including early reliance on her husband David Beckham for financial support as she worked […]
National debt in the US exceeds 38 trillion for the first time ever
U.S. National Debt Surpasses $38 Trillion This week, the national debt of the United States crossed the $38 trillion mark for the first time, marking yet another historic moment as the government continues to pile on debt at unprecedented rates. As of October 21, the total debt stood at around $38 trillion, specifically at $38,019,813,354,700.26, […]
DNC contributes an additional $1.6M to help Kamala Harris with her historic campaign debt
Debt from Kamala Harris Campaign Still Burdens DNC The Democratic National Committee (DNC) is working its way through debts related to former Vice President Kamala Harris’ unsuccessful 2024 presidential campaign. Recently, they disbursed $1.6 million last month, raising their total payments to over $20 million so far. This information comes from Axios. Harris’ campaign accumulated […]
DNC settles $1.6M debt from Kamala Harris’ unsuccessful campaign amid tight race in New Jersey.
Kamala Harris’ Campaign Debt Continues to Burden DNC In Washington, the Democratic National Committee (DNC) is still addressing the financial fallout from former Vice President Kamala Harris’ unsuccessful 2024 campaign, having paid at least $1.6 million just last month. Harris’ campaign spent roughly $1.49 million on media production and consulting, alongside an additional $106,312 for […]
Kamala’s Expensive Campaign Debt Weighs Down Democrats While GOP Fundraising Gains Momentum
Financial Disparity for DNC Amid Midterm Cycle The Democratic National Committee (DNC) is starting the midterm elections at a considerable financial disadvantage compared to Republicans. This comes partly due to unpaid debts from Kamala Harris’ 2024 presidential campaign and a noticeable lack of enthusiasm from donors. The Republican National Committee (RNC) recently reported that it […]
The world’s denial of America’s debt has become widespread.
Reflections on U.S. Debt Through the Years Back in 1989, a history teacher of mine asked our class to identify what we thought was the key problem facing the United States. We submitted our answers anonymously, and I remember when he read mine—“Federal Debt”—he rolled his eyes, as if my answer was absurd. At that […]