Saudi private corporate debt rises more than 500% as investors seek variety.
Lebanon’s MEA Plans Low-Cost Airline Amid Economic Challenges In Riyadh, Lebanon’s national airline, Middle Eastern Airlines (MEA), which is fully owned by the central bank, is gearing up to introduce a low-cost subsidiary aimed at catering to travelers seeking affordable flights to EU and Middle Eastern destinations. Given Lebanon’s crumbling economy, soaring ticket prices, and […]
Report: CT has significantly reduced its large pension debt
Connecticut’s Pension Liability Reductions Connecticut is grappling with significant pension liabilities, which have been a sticking point hindering tax cuts and essential services like education and healthcare for residents. However, a recent report from a nonprofit public policy group indicates that Connecticut has made considerable strides in addressing this burden by allocating surplus funds towards […]
Harris reached a private agreement with the DNC to settle $20 million in campaign debt.
Kamala Harris Reaches Deal with DNC After 2024 Election Loss Former Vice President Kamala Harris has reportedly struck a “handshake deal” with the Democratic National Committee (DNC) in the aftermath of her loss in the 2024 presidential election. This agreement includes the DNC taking on $20 million in debts from the Harris campaign, referred to […]
DNC decided to cover over $20M of Kamala Harris’s campaign debt in an informal agreement, according to a report.
Following a significant loss in the 2024 presidential race, former Vice President Kamala Harris and the Democratic National Committee (DNC) have reportedly struck a “handshake deal.” This agreement allowed the financially burdened DNC to address approximately $20 million in debt linked to Harris’s campaign, in exchange for an unofficial commitment to help fundraise for the […]
The Single Risky Habit That Keeps You in Credit Card Debt, According to Liz Claman
Understanding Debt and Spending Habits It sneaks up on you, doesn’t it? You’re at the grocery store, and that organic meat suddenly feels like it’s out of reach financially. But you think, “Well, why not treat yourself?” You toss it in your cart. You deserve it, right? Later, scrolling online, you see a jacket that […]
It’s the petrodollar, not Republican spending cuts, that keeps our unmanageable debt afloat.
Republican Spending Habits Under Scrutiny For a long time, Republicans have presented themselves as the guardians of financial responsibility, advocating for reduced spending and protecting future generations from overwhelming debt. This branding has been so effective that many Democrats seem to acknowledge these points, while Republican voters stay loyal to their party’s stance. However, a […]
Governor provides tax money to undocumented immigrants for college tuition as the state struggles with debt
Illinois Governor Signs Law for Financial Aid for Foreign Students On Friday, Illinois Governor JB Pritzker enacted a law requiring American taxpayers to fund financial aid for undocumented foreign students. This new legislation, known as House Bill 460, aims to ensure “equitable eligibility for financial aid and benefits.” Critics reacted strongly. One expressed, “That’s absolutely […]
Credit Card Defaults, Balances, Debt, Credit Limits, and Collections in the Second Quarter of 2025
Our drunken sailors and their credit cards. Wolf Richter on Wolf Street. Recently, credit card delinquency rates—referred to by some as “drunken sailors”—have shown some notable improvements. The delinquency rate for credit cards, defined as payments overdue by 30 days or more, decreased to 2.87% at the end of the second quarter, as reported by […]
New initiative to support certain Cincinnati homeowners facing property tax debt relief.
Cincinnati Property Tax Relief Initiative Cincinnati – Assistance may be on the way for families and homeowners burdened by unpaid property taxes, potentially arriving in the form of a letter in your mailbox. Mayor Aftab Pureval, alongside Hamilton County Treasurer Jill Schiller and local housing advocates, introduced a new initiative early Monday morning: the Property […]
Democrats Continue to Settle Kamala’s Campaign Debt While Party Struggles Against GOP in Fundraising
The Democratic National Committee (DNC) is significantly trailing behind Republicans in fundraising, as it works to settle debts from Kamala Harris’s 2024 presidential campaign, according to a report from Politico. By the end of June, the DNC had only amassed $15 million, partly due to diminished excitement among donors. In stark contrast, the Republican National […]