"debt"

The Biden administration plans to cancel $4.7 billion in loans to Ukraine. This move raises concerns about continued U.S. financial support for the war-torn nation. State Department spokesperson Matthew Miller …

In a troubling sign for the U.S. economy, the federal government has paid over $1 trillion in gross interest on its debt for fiscal year 2024. According to the Treasury …

A New Orleans-based network of hospitals and clinics will eliminate $366 million in medical debt for about 193,000 low-income patients in Louisiana, Mississippi, and Alabama.  The agreement between Ochsner Health …

The United States has reached a new and troubling milestone, as the national debt has officially surpassed $35 trillion. This development marks a significant increase in the country’s financial obligations …

As the United States heads towards the 2024 election, growing concerns about the nation’s swelling debt are casting shadows over the bond market. With projections indicating that federal deficits will …

The Biden administration has announced a sweeping $7.7 billion student debt forgiveness plan that will affect over 160,000 borrowers. This initiative, revealed by the Department of Education, is part of …

Congress has allocated more funds to interest payments than to national defense and Medicare combined.  In the first seven months of the fiscal year, spending on net interest reached a …

The Congressional Budget Office (CBO) released a stark warning this Wednesday: the United States is on a fiscal collision course, with annual budget deficits set to leap from $1.6 trillion …

The United States’ national debt has soared to record highs of $34 trillion. This historic peak in debt, as reported by the Treasury Department, marks a turning point in the …

Amid high inflation, U.S. households are grappling with an unprecedented level of debt. We are witnessing record-high levels of debt since the 2008 crisis. A development that is causing growing …