Government plan under Trump suggests selling student debt, according to a report
The Trump administration is exploring the possibility of selling a segment of its $1.6 trillion student loan portfolio to private investors, as reported recently. High-ranking officials from the Education and Treasury Departments have been in discussions about selling part of this extensive portfolio, which serves around 45 million borrowers. According to sources familiar with the […]
Democrats’ temporary spending alternative would increase debt by $1.5 trillion.
Democrats’ Spending Bill Debate Could Add $1.5 Trillion to National Debt As the September 30 deadline approaches, the government faces a potential shutdown unless lawmakers either approve the suspension spending bill or finalize 12 separate spending bills. The Democrats are currently engaged in a struggle regarding government shutdowns, focusing on extended grants for the Affordable […]
Scams involving overpayment are increasing and can result in victims facing significant debt.
Overpayment fraud is becoming increasingly common, often leaving victims deep in debt. Typically, it starts off looking harmless enough: someone sends you a check for more than you expected, asks you to forward the extra amount, and then—if the check bounces—you’re left to cover the difference. Below are five prevalent types of overpayment scams you […]
Helpful advice for overcoming credit card debt
Consumer Report: Tips for Addressing Credit Card Debt I started to feel the weight of credit card debt when I began using my card for everyday expenses. For Jennifer Paes, mounting costs paired with dwindling cash flow meant that she had to rely on credit cards for even the most basic items. That was a […]
Ways to safeguard yourself against fraudulent debt collection calls and scams
Imagine picking up the phone and hearing a stern voice insisting you owe money. It could be for an unknown credit card, a loan you’ve never taken, or even some old bills you thought were long forgotten. It’s nerve-wracking, to say the least, especially when they threaten things like arrest or lawsuits. Sadly, this situation […]
Subbarami Reddy receives a Rs 5,700 crore debt relief from banks.
Banking Double Standards in India It seems that Indian commercial banks often prioritize large industrialists, offering them extensive financial relief while leaving small farmers and individual borrowers struggling with their debts. This situation paints a rather skewed picture of banking practices in the country. Recently, the National Corporations Court (NCLT) Hyderabad Bench approved a one-time […]
China’s changing role as Africa’s debt collector presents a valuable opportunity for the US.
China’s Changing Role in Africa and America’s Opportunity For two decades, China’s approach to Africa was straightforward: flood the continent with unclear and often problematic loans aimed at building infrastructure like roads, ports, and power plants, all to secure its influence and access to natural resources. But that phase of easy lending is dwindling, and […]
Take a stand: Vote to reduce the debt limit
New Debt Limit Reaches $41.2 Trillion A recent law has raised the debt ceiling to an impressive $41.2 trillion, which is about 136% of the country’s GDP. Some folks are arguing that Congress should rethink these debt limits ahead of the 2026 elections. There are, however, some bold proposals suggesting that Republicans can still position […]
France’s debt issues worsen as Macron’s prime minister encounters a no-confidence vote.
Macron’s Leadership Amid Domestic Challenges French President Emmanuel Macron seems to have taken on a dual role—not just as the head of France, but as a voice for all of Europe. He has made efforts to steer the European response to the ongoing Russia-Ukraine conflict, supported the Palestinian state against U.S. policy, and even contemplated […]
Former rap mogul Damon Dash files for bankruptcy, owing $25 million in debt.
Damon Dash Files for Bankruptcy Amid Financial Struggles Damon Dash, a former partner of Jay-Z and co-founder of Roc-A-Fella Records, is facing severe financial difficulties, with a reported debt amounting to $25.3 million. Recent court documents reveal that he has filed for Chapter 7 bankruptcy. The 54-year-old music producer reportedly has only $4,350 in assets. […]