1 in 5 US children live below poverty line, more than during Great Recession
Around 22 percent of American children lived below the federal poverty line in 2013, up from 18 percent in 2008, according to a new report....
Posts Tagged: "Debt"
Greece has no money to make IMF payment, interior minister says
Greece will not be able to make next tranche of debt repayment to the International Monetary Fund (IMF),...
It Is Mathematically Impossible to Pay off All of Our Debt
Did you know that if you took every single penny away from everyone in the United States that...
Graduating Class of 2015 Most Debt Burdened in History
(Transcript) - Americans owe $1.3 trillion in student loans, with $43 million people, young, old, and everyone in between burdened with student debt. This debt...
Dept. of Homeland Security shutdown looms, would idle 15% of workforce
In a move that could have ramifications for domestic anti-terrorism efforts, US House Speaker John Boehner said he...
Total US debt soars to nearly $60 trn, foreshadows new recession
America - its government, businesses, and people - are nearly $60 trillion in debt, according to the latest...
Pennsylvania widow who lost $280,000 house over $6.30 tax debt loses appeal
A county court in Pennsylvania ruled against a widow who lost her house over a $6.30 late fee. The property was sold for $116,000 to...
Student loan debts top $1 trln in US
The student loan industry is booming, saddling over 37 million college students and graduates with $1.08 trillion in...
China accumulates record amount of US debt
China boosted its holdings of US Treasury debt by $12.2 billion in November, enough to pass record levels...
A Tyrant’s Dream: Congress Cedes Control Of Federal Debt
By BETSY MCCAUGHEY The bargain rushed through Congress on Wednesday night clobbers the U.S. Constitution. It shifts control...
Foodstamp Program Shutdown Imminent?
When over the weekend, a Xerox "glitch" shut down the EBT system, better known as foodstamps, for nearly the entire day across 17 states leaving...
Plan B: Central banks getting ready for financial Armageddon
If the US debt-ceiling debate goes past the eleventh hour, and the default of the world’s largest economy...
Cash-for-Castles: Italy sells off historic sites to plug budget holes
A Grand Inquisitor’s villa, a Pope’s fort and a Venetian island will be sold off to fill Italy’s...
Key creditor China begins acting to hedge against US default
Hong Kong has sent the first sign from Asia that the region is creating extra financial buffers against a possible default in the US. China...
China urges US to avoid bankruptcy
As the Government shutdown in the US enters its second week, the country is just 10-days away from...
Debt doomsayer: Treasury forecasts ‘back to 2008 recession or worse’ if US defaults
The US government default caused by the ongoing budget standoff in the Congress could have a "catastrophic” effect...
New record: Federal Reserve owes more than $2 trillion in US debt
The United States Federal Reserve has set a new record, but it’s not one exactly worth celebrating. For the first time ever, the Fed owns...
US blows out $16.7 trillion debt limit
The US Treasury has already exceeded the federal legal borrowing limit of $16.7 trillion in May. That signals...
Air Force lifts order to ground combat aircraft
The US Air Force has announced that many of its combat aircraft, including bombers and fighters, will start...
Detroit rock bottom: City announces $2.5bn debt default
Detroit said it will stop making payment on $2.5 billion of the city’s massive $18.5 billion debt and...
Obama: ‘We Don’t Want to Tax ALL Businesses Out of Business’
Elizabeth Harrington CNS News President Barack Obama says Democrats “don’t want to tax all businesses out of business.” “I know that there are a few...
Obama might be the first president to spend $4 trln in one year
Judging by budget proposals released by the White House, Barack Obama might become be the first US president...
US Government To Decide How Much Is Enough For Your Retirement
Jeff Berwick Activist Post Welcome to the new United States. Socialism always has the same predictable process. Once...
One in six Americans already in poverty as $85 billion in cuts kick in
The estimated 50 million Americans already living in poverty will be hit hardest by the $85 billion in spending cuts set to begin after Democrats...