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New chapter and old debts for Alice’s Tea Cup

Alice Tea Cup, a New York restaurant popular among celebrities, has appointed a new Mad Hatter. The sisters who founded a popular “Alice in Wonderland”-inspired tea house have sold the business after more than two decades, but they are saddled with a huge debt, The Washington Post has learned. “After 23 years, Alice Teacup has […]

California Taking On Huge Debts To Pay Jobless Workers As Deficit Gets Bigger

California is billions of dollars in debt to the federal government to pay for its unemployment insurance trust at a time when the state’s expenses far exceed its income. The state’s government owes almost $21 billion to the federal government at an interest rate of around 2.6%, according to the Treasury Department. California borrowed the […]

White House Pledges Taxpayers Will Bail Out 10 Million Students’ Loan Debts

President Joe Biden will announce Monday that the student loans held by 10 million Americans will be transferred to taxpayers, a White House official told reporters on Monday. The plan to put the burden of student loan debt on taxpayers is widely seen as a political move to gain electoral support among younger voters who […]