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                        Two Arizona lawmakers are attempting to make changes to the state’s budget bills, which held up the signing of the law last week. “The changes include smaller tax cuts until actual revenue comes in above projections and a much larger paydown of state debt,” as reported by Fox 10. ...
    U.S. Sen. Ron Johnson (R-WI) speaks during a news conference about inflation on Capitol Hill on May 26, 2021 in Washington, DC.Drew Angerer | Getty Images You're not imagining it. Things don't merely seem more expensive these days – consumer prices are actually accelerating at their fastest pace in 13 years. This higher inflation doesn't just affect the price you...
    More On: health care Hundreds of health workers test positive for COVID-19 — despite getting vaccine WellBefore makes medical supplies affordable and efficient for all 178 hospital workers in Texas suspended for refusing to get COVID vaccine Reddit’s latest darling: Chamath Palihapitiya’s Clover Health When Kevin Vincent had to get two MRIs, he knew it would cost him. But...
    House Budget Committee Chairman and Kentucky Representative John Yarmuth, D-Ky., joined host Charles Payne on "Your World" Friday to discuss the Democrats' $6 trillion spending plan. Yarmuth contended that assisted childcare, free community college, infrastructure, and increased broadband water systems are "highly popular items." "I, along with two-thirds of Americans, are in more support of all of the elements in...
    SACRAMENTO — California’s borrowing to pay unemployment benefits will balloon to $26.7 billion by the end of next year as state funds prove inadequate to cover the costs of unprecedented joblessness caused by the COVID-19 pandemic, a new report warns. Even as the economy is rebounding, unemployment remains high, and the debt is forecast to grow beyond the $24.3 billion...
    Suze Orman in New York City.Courtesy Dominik Bindl | Getty Images Entertainment | Getty Images As small business owners recover from the pandemic, it's important to make sure they get their personal and business finances back on track, said personal finance expert and best-selling author Suze Orman. That includes saving, investing and managing credit card debt. "You have got to...
    South Carolina Gov. Henry McMaster has signed a Santee Cooper oversight bill into law but maintained his preference for the state to sell and privatize the government-owned utility. “Although the resulting compromise is far from perfect, this legislation will nevertheless provide a measure of much needed and long overdue oversight, transparency and accountability," McMaster wrote this week in his...
    THE Federal Reserve has signalled a hike to interest rates earlier than expected - but there are ways to protect your cash. Yesterday, a majority of Fed officials suggested two rate increases in 2023. 1The Federal Reserve has signalled interest rate hikes in 2023Credit: Reuters The US central bank slashed the key interest rate by one percentage point to 0-0.25%...
    CHICAGO (WLS) -- Thousands of former students of a closed for-profit college will have their student debt wiped out by the U.S. Department of Education.ITT Technical Institute closed its doors suddenly in 2016, leaving 40,000 students nationwide with huge bills and no degrees, certifications or transcripts.The US Department of Education is erasing the debt, saying the chain exaggerated claims about...
    Chinese flag waving in front of Shanghai cityscape.Eternity in an Instant | Stone | Getty Images China's policymakers are "overly aggressive" in containing debt levels, a leading Chinese economist told CNBC, while acknowledging that the economy has not completely recovered from the pandemic. China, where the coronavirus was first detected, was the only major economy that grew last year. The...
    Washington (CNN)The Department of Education is canceling $500 million in student loan debt for 18,000 former ITT Tech students defrauded by the now defunct for-profit college, another step the Biden administration is taking to address a backlog of more than 100,000 forgiveness claims left over from the Trump administration. ITT Tech, which shut down in 2017 after the government pulled...
    The Education Department announced Wednesday it's wiping out $500 million in student loan debt for some 18,000 borrowers who attended ITT Technical Institute.  Officials added two new categories of claims for borrowers defrauded by their schools, the first time new claim categories were approved under the program to help defrauded students since January 2017. It includes claims by those who...
    The Department of Education is erasing the debts of students who were defrauded at a for-profit college. The agency said in a statement that it had approved $500 million in loan cancellation for 18,000 borrowers who were defrauded by ITT Technical Institute. ITT is accused of misleading students on their likely employment prospects post-graduation and the ability to transfer their credits...
    FIRST ON FOX: Conservative Republicans in the House of Representatives are preparing to stage a fight over federal spending when the suspension of the debt limit expires on July 31, hoping to draw focus to the massive $28-plus trillion debt as they oppose President Biden's sprawling and expensive agenda. Republican Study Committee Chair Rep. Jim Banks, R-Ind., is sending a memo...
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    A federal judge has halted Joe Biden's 'unconstitutional' $4 billion program to pay up to 120 percent of black, Hispanic, Asian or Native American farmers' debt, after 12 white farmers sued claiming it discriminated against them.  Wisconsin Judge William Griesbach issued a temporary restraining order Thursday blocking the loan forgiveness program put in place to tackle longstanding inequalities for farmers of...
                      by Andrew Trunsky  A federal judge Thursday afternoon suspended a loan forgiveness program that issues relief to farmers and agricultural workers of color. Judge William Griesbach of Wisconsin’s Eastern District handed down a temporary restraining order after the conservative Wisconsin Institute for Law and Liberty (WILL) filed a lawsuit in April. The group alleged...
    Authorities rescued a two-month-old boy from a neighborhood drug den in west-central Brazil after a mother-of-five other allegedly pawned him over a $58 drug debt. The Military Police was dispatched to the home in Pontes e Lacerda, Mato Grosso, on Tuesday, after the Guardian Councilship (child protective service agency) received an anonymous phone call, according to Brazilian online news outlet...
    nortonrsx | iStock | Getty Images Not all debt is the same. So how should you decide which to repay first? Amid the coronavirus pandemic last year and ensuing economic recession, debt grew for many Americans. In 2020, consumer debt ballooned to a new high of $14.88 trillion, a 6% increase from the previous year, according to credit rating company...
    A federal judge Thursday afternoon suspended a loan forgiveness program that issues relief to farmers and agricultural workers of color. Judge William Griesbach of Wisconsin’s Eastern District handed down a temporary restraining order after the conservative Wisconsin Institute for Law and Liberty (WILL) filed a lawsuit in April. The group alleged in its announcement that President Joe Biden’s relief program...
    A MONEY blogger paid off more than $99,000 in debt in five years by adapting popular methods to get out of the red - and you can do it too. Sahirenys Pierce and her husband Freddie, aged 30 and 32, had racked up student and car loan debt, but were lucky not to have any consumer debt. 1Sahirenys Pierce paid...
    The U.S. Capitol reflects in the Capitol Visitor Centers skylight on the East Plaza on Monday, April 26, 2021.Bill Clark | CQ-Roll Call, Inc. | Getty Images The U.S. budget deficit passed the $2 trillion mark in May amid a continuing flow of fiscal largesse to a rapidly expanding economy, the Treasury Department reported Thursday. Government red ink for the...
    Women would be among the biggest winners of student loan forgivness.Ines Fraile | iStock | Getty Images Certain critics of student loan forgiveness have argued that the policy would largely benefit the relatively well-off, pointing out that college degrees lead to higher earnings. However, new research finds that the biggest benefits of cancelling student debt would go to those with...
    U.S. dollars are counted by a at a bank in Westminster, Colorado.Rick Wilking | Reuters The net worth of U.S. households climbed to new heights as 2021 began and the effects of the Covid-19 pandemic began to fade. Thanks largely to a surge in the stock market, the total balance sheet for households and nonprofits rose to $136.9 trillion in...
    New York Democratic Rep. Alexandria Ocasio-Cortez criticized President Joe Biden Wednesday for his “unwillingness” to bypass Congress and forgive student loan debt. “The Senate blockages make Biden’s unwillingness to act on student loan debt- something he can do without Congress but hasn’t yet- all the more glaring. #CancelStudentDebt is 1 of the few, rare opportunities Biden has to go big...
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    zimmytws/Getty Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.Nearly six months into the Biden presidency, the student debt cancellation that he campaigned on is nowhere close to becoming reality. That’s in part due to the persistence of the idea among some economists and politicians...
    nortonrsx | iStock | Getty Images Americans are ready to start spending money to treat themselves — and 44% are willing to go into debt to do it, a report from CreditCards.com finds. Millennials, ages 24-40, are most likely to take on more debt (59%) followed by Gen Zers, ages 18-24, coming in at 56%. Only 40% of Gen Xers,...
    BARCELONA could reportedly flog EIGHTEEN players this summer in a desperate bid to cut costs. Among those who could be leaving the Nou Camp are former Liverpool star Philippe Coutinho, Ex-Atletico Madrid man Antoine Griezmann and club legend Sergio Busquets. 3Antoine Griezmann and Philippe Coutinho could be leaving Barcelona this summerCredit: Getty...
    COOK COUNTY, Ill. (WLS) -- Following an I-Team report about the property tax debt attached to your home and business, some people said they stopped their search to buy a home.RELATED: IL property tax hikes influenced by government debt; how to look up debt on your home"Definitely preventing me from buying right now that's why I'm renting and happy to...
    President Joe Biden speaks during a commemoration of the 100th anniversary of the Tulsa Race Massacre at the Greenwood Cultural Center in Tulsa, Oklahoma, on June 1, 2021. As Democratic Sen. Joe Manchin of West Virginia continues to foil legislative progress, the White House should start looking for every possible action President Joe Biden can take unilaterally to shore up...
    ericsphotography | E+ | Getty Images Student loan borrowers looking for promising signs that their debt will be forgiven have come up short of late. President Joe Biden didn't include any debt cancellation in his budget request to Congress. Loan forgiveness was also absent from the president's plans to rebuild the country's infrastructure and his agenda to deliver relief to...
    In this article AMCA man walks past the AMC Georgetown 14 Theatres in Washington, DC on June 3, 2021.Mandel Ngan | AFP | Getty ImagesAMC Entertainment's revitalization plan hinges on adding new theaters, but former Regal Entertainment CFO David Ownby told Jefferies there are too many screens in North America. Box office experts agree that moviegoing is not going to...
    COOK COUNTY, Ill. (WLS) -- Government debt can be tied to the costs associated with your own individual home or business, and can be behind rising property taxes.While most politicians don't want to talk about this touchy subject, but Cook County Treasurer Maria Pappas isn't so shy. Her office has developed a new tool to calculate the debt attached to...
    A SPOILED heiress was left lost for words when she met a family struggling with debt following the death of their daughter. Jess McCann, 24, who appears on tonight’s Rich Kids Go Skint, is used to living the high-life at her parents’ million pound mansion just outside Liverpool. 8Jess McCann "wanted for nothing" growing up and spends £1,000 a month...
    President Joe Biden's administration raised forecasts on losses the federal government will take on student loans by $53 billion, due to lower repayment rates in the past year and coronavirus relief efforts. Biden's proposed budget for the fiscal year beginning in October estimates that the taxpayers will lose approximately $68 billion on all outstanding student debt now, up from $15...
    DALLAS (CBSDFW.COM) – Dallas College announced Wednesday, June 2, its Fresh Start program cancelled outstanding debts for around 14,000 students in the past year. Under the federal government’s Higher Education Emergency Relief Fund, more than $5.8 million was paid off, helping students who faced financial hardship under COVID-19. “Clearing the balances will provide much-needed relief to many of our students,”...
    Mike Nearman: Video appears to show GOP Oregon lawmaker telling protesters how to enter closed state Capitol Boris Johnson got annoyed when Biden mentioned the US and UKs special relationship because he thinks it makes Britain look needy, report says June 7 (Reuters) - Cerecor Inc: * CERECOR ENTERS INTO $35 MILLION DEBT FINANCING AGREEMENT WITH HORIZON TECHNOLOGY FINANCE...
    Donald Trump returned to the GOP political scene Saturday with a speech at the North Carolina Republican Convention, where he called on China to pay "reparations" to the U.S. for coronavirus-related damages. "All nations should work together to present China a bill for a minimum of $10 trillion to compensate for the damage," Trump said, adding that the figure was...
    WITH a horse-drawn carriage and a procession through the streets of central London, the famous mourners had waved goodbye to “Prince Of Soho” ­Bernie Katz. Tearful celebs Jaime ­Winstone, Sadie Frost and Sienna ­Miller wore ­leopard print in tribute to the The Groucho Club’s ­flamboyant front of house manager. 7Eccentric Bernie left school at 11 to work for his dad...
    Mississippi teen fatally shot hours after she graduated from high school Psaki says its pretty unlikely that the zebra is going to change his stripes over the next two years when asked about Facebooks Trump ban © Provided by Daily Messenger John Ninfo It’s May, so most future college freshmen have recently made or are making their final college...
    CHICAGO (WLS) -- The I-Team investigates government debt tied to your home or business. In some cases, it could be as much or more than you paid for your property. Consumer investigative reporter Jason Knowles examines how it could affect your financial future, Monday at 10 p.m.
    The first six months of the Biden administration have been akin to someone with their first credit card — spend, spend, spend, and make sure not to think too hard about the mounting debt. President Joe Biden has tossed out plans for education and childcare, infrastructure and COVID relief which would cumulatively increase spending by a staggering $6.5 trillion. Yet...
    TORI Spelling’s debt collector is demanding the Los Angeles Sheriff’s Office force the cash-strapped actress to pay the $6K debt she owes.  Tori, 48, was ordered to pay Cavalry SPV I, a debt-buying company on behalf of Citibank, $5,054.32 for an unpaid credit card bill in September 2018. 8A debt collector is forcing the Los Angeles Sheriff to enforce a...
    In this article AMC MUDS Closed signs are seen on an AMC Theatre during the outbreak of the coronavirus disease (COVID-19), in New York City, April 29, 2020.Brendan McDermid | ReutersInvestment firm Mudrick Capital has exited both its debt and equity positions in AMC Entertainment, sources tell CNBC's David Faber, as the theater chain's stock continues to trade wildly...
    Lauren Schreiber spent more than a decade earning a doctorate degree on the way to becoming a chiropractor. Now for the hard part: Repaying her $581,000 in student loans.  Schreiber, 32, may have to start paying off her loans within a matter of weeks now that a temporary pause in school debt payments granted by the Trump administration in September is...
    Loading the player... The president of Wilberforce University announced that more than $375,000 in student debt has been wiped out for graduates of its classes of 2020 and 2021.  Dr. Elfred Anthony Pinkard made the stunning announcement at the end of their combined commencement ceremonies on Saturday.  “Because you have shown that you are capable of doing work under...