Student loan debts top $1 trln in US
The student loan industry is booming, saddling over 37 million college students and graduates with…
Browsing: Debt
China accumulates record amount of US debt
China boosted its holdings of US Treasury debt by $12.2 billion in November, enough to…
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.…
Foodstamp Program Shutdown Imminent?
When over the weekend, a Xerox “glitch” shut down the EBT system, better known as…
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…
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…
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…
China urges US to avoid bankruptcy
As the Government shutdown in the US enters its second week, the country is just…
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…
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…
US blows out $16.7 trillion debt limit
The US Treasury has already exceeded the federal legal borrowing limit of $16.7 trillion in…
Air Force lifts order to ground combat aircraft
The US Air Force has announced that many of its combat aircraft, including bombers and…
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…
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…
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…
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…
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…
No noon meal for kids in debt at middle school
Sorry, kid. No money, no lunch. Students at an Attleboro, Massachusetts, middle school went hungry…
Obama: ‘There is no debt crisis’
The United States is roughly $17 trillion in debt, but President Barack Obama says there’s…
Sarah Palin: Govt To Default On Debt; Feds Stockpiling Bullets In Case Of Civil Unrest
By Kevin Cirilli Sarah Palin says America will eventually default on its debt and claims…