Debt

In late December, after US Treasury Secretary Janet Yellen borrowed $90 billion in just one day, the federal government’s public debt eclipsed $34 trillion for the first time in history. The steady accumulation of public debt has become…

by Will Kessler   Commercial real estate is facing a mountain of debt that many borrowers could have trouble refinancing due to a rapid hike in interest rates and record vacancies, according to The Wall Street Journal. Around $2.81…

by Fred Lucas   The U.S. government and those of other countries could be using higher inflation to lessen the value of growing public debt resulting from increased spending during the COVID-19 pandemic, according to a new analysis by…

by Arjun Singh   President Joe Biden on Friday announced the latest round of student debt cancellations in a statement issued by The White House. Since the Supreme Court’s ruling on June 30 in Biden v. Nebraska that the…

As the holiday season winds down, many American consumers are turning to Buy Now, Pay Later (BNPL) options to alleviate the pressure of gift-giving amidst increasing credit card debts and surging inflation.BNPL options offered by…

These days, as my virtual mailbag fills with messages and pleas for help, I’m noticing a decided increase in those that are related to debt. I pulled out a couple to share with you today.Dear Mary:…

by J.D. Foster   Recognizing the precarious plight of the nation’s fiscal situation, newly installed House Speaker Mike Johnson has called for a bi-partisan commission to study the nation’s debt. Everyone involved in federal fiscal…

Recognizing the precarious plight of the nation’s fiscal situation, newly installed House Speaker Mike Johnson has called for a bi-partisan commission to study the nation’s debt. Everyone involved in federal fiscal policy for a length…

by Terence P. Jeffrey   The federal government’s debt increased by $2,238,422,431,416.43 in fiscal 2023, according to data published by the U.S. Treasury Department. On Sept. 30, 2022, the last day of fiscal 2022, the federal debt was…

by Brandon Poulter   The Biden administration announced nearly $9 billion in student loan relief Wednesday that will affect about 125,000 borrowers, according to a press release. The Supreme Court ruled 6-3 in June that the Biden…