Former NFL wide receiver Antonio Brown, one of football’s most polarizing and eccentric figures during his 12-year career, is broke, according to news reports and social media posts from the 35-year-old. Brown shared the news that he had filed for bankruptcy on social media on Monday and, in typical AB fashion, treated the matter as […]
President Biden announced Wednesday that his administration is canceling $7.7 billion in student loans for 160,000 borrowers. Source link
One economic researcher broke down exactly how the Federal Reserve helped the federal government spend our taxpayer dollars profligately, adding massive amounts of debt. Paul Mueller, a senior research fellow at the American Institute for Economic Research, wrote for Fox Business how the Federal Reserve assisted in driving up […]
The Biden administration announced Wednesday it’s canceling $6.1 billion in student debt for 317,000 borrowers who attended the Art Institutes, a defunct, for-profit art school that shuttered its campuses last year. Under the plan, borrowers enrolled at any Art Institute campus between Jan. 1, 2004, and Oct. 6, 2017, can have their debt forgiven. The […]
S&P Global Ratings announced yesterday that it was changing its outlook on San Francisco’s debt from stable to negative. The outlook on the city-county’s outstanding general obligation and appropriation debt was cut to negative from stable this week by the ratings company. The weakness in the city’s commercial real estate market and tourism activity were […]
President Biden on Monday will unveil his second major attempt at large-scale student loan forgiveness with a new set of proposals the administration says could provide debt relief for more than 30 million Americans. Mr. Biden will detail the proposal Monday afternoon at Madison College’s Truax campus in Wisconsin. It is much smaller in scope […]
NEW ORLEANS — A Biden administration plan to provide student debt relief for people who say they were victims of misleading information by trade schools or colleges is “almost certainly unlawful” a federal appeals court said in a ruling blocking enforcement of the policy against a group of privately owned Texas institutions. The 5th U.S. […]
The Wall Street Journal is reporting that the Biden administration is ready to unveil a new student loan debt cancellation plan that will reduce or eliminate the student loan debts of millions of Americans. This will be the second attempt by Biden to wave his magic wand and make […]
Nancy Peter, who aspired to become a psychologist nearly four decades ago, is today emblematic of a persistent issue facing many Americans — student loan debt. Despite completing her degree at Mundelein College and a subsequent graduate program at Loyola University, Mrs. Peter‘s financial burden has multiplied due to accruing interest. When she borrowed the […]
Houston’s Democratic mayor admitted at a meeting last week that the country’s fourth-largest city is “broke.” Mayor John Whitmire was elected in December, overwhelmingly defeating Democratic Rep. Sheila Jackson Lee. Now, staring down a deficit of $160 million, he is proposing spending cuts and potential new taxes to repair the damage done by his Democratic […]
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