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Ronald Reagan’s budget czar warns of ‘Trump’s $30 trillion debt disaster’
David Stockman was the O.G. ‘DOGE’ hatchet man.MarketWatch - 15m -
Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says
Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong, despite high borrowing costs.CNBC - 1h -
Nearly 100K protest Belgian plans to cut social services in strategy to reduce debt
Close to 100,000 protesters have thronged the center of Brussels while airports and public transport were largely paralyzed as trade unions took their ire to the streets over drastic plans of the ...ABC News - 4h -
Ray Dalio to the Trump administration: Cut debt now or face an 'economic heart attack'
Dalio stressed that governments are responsible, and that leaders should make a pledge to reduce the U.S. budget deficit from 7.5% to 3% of GDP or resign.CNBC - 6h -
Republicans Love Trump’s Spending Cuts. Just Not in Their States.
Even as they praise the president’s unilateral actions to slash federal spending, G.O.P. lawmakers have quietly moved to seek carve outs or exemptions for their own constituents.The New York Times - 1d -
Americans are piling on debt at a furious pace, as tariffs loom
Credit-card bills and car loans swelled at the end of 2024.MarketWatch - 2h -
Americans' credit card debt reaches new record high: Federal Reserve
Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.ABC News - 3h -
Ray Dalio to the Trump administration: Cut debt now or face an 'economic heart attack'
DUBAI, United Arab Emirates — Hedge fund titan Ray Dalio issued a fresh warning about the U.S. economy, warning of dire consequences if the Trump administration does not cut the country’s debt.NBC News - 3h -
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Secured vs. unsecured debt: Everything to know now
Knowing what's at stake with secured and unsecured debt could help protect your assets.CBS News - 5h -
It’s America That Suffers When We Cut Foreign Aid
U.S.A.I.D. keeps children alive and us safe.The New York Times - 21h -
Wall Street nears sale of $3bn of debt tied to Musk’s Twitter buyout
Billionaire’s close ties to re-elected US president have piqued investors’ interestFinancial Times - 22h -
Debt consolidation loan vs. debt consolidation program: Which is better with inflation rising again?
Increasing inflation could have an impact on the type of debt consolidation it makes sense to pursue right now.CBS News - 1d -
The Pentagon needs a budget cut, not a spending spree
Lawmakers are pushing to increase Pentagon spending by up to $500 billion, but this would accelerate our national debt and fail to address wasteful programs and inefficiencies.The Hill - 1d -
Does bankruptcy clear tax debt?
Clearing your IRS tax debt by filing for bankruptcy may not be as simple as you think.CBS News - 1d -
MTG at DOGE hearing: National debt is 'enslaving our nation'
Rep. Marjorie Taylor Greene, R-Ga., delivered her opening statement at the first hearing for the House DOGE subcommittee. She said the American people are in "debt slavery" to those the country ...NBC News - 1d -
A sovereign debt restructuring furniture review
What have we learned from the recent spate of government bankruptcies?Financial Times - 1d -
Sources: Man United mulling further staff cuts
Manchester United are considering making further cuts to club staff, sources have told ESPN.ESPN - 1d -
3 simple ways to take control of your credit card debt this February
Between today's high rates and the recent uptick in spending, it's time to get your credit card debt under control.CBS News - 1d -
What happens if a creditor wins a debt lawsuit against you?
There are a few things that could happen if a debt collector or creditor prevails against you in court.CBS News - 2d -
Federal judge pauses NIH research cuts nationwide
A federal judge in Boston has ordered a temporary pause nationwide on plans by the National Institutes of Health (NIH) to substantially reduce "indirect” research payments to universities, medical ...The Hill - 2d -
A quick way to cut $1 trillion in federal spending
President Trump suggests that state governments should have primary responsibility for handling disasters, and cutting federal taxes would allow states to access more money to address their needs.The Hill - 2d -
Progressive group sounds alarm on Medicaid cuts
Presented by American Medical Association — A new report from Democratic-aligned group Protect Our Care highlights potential GOP changes to Medicaid. {beacon} Health Care Health Care The Big ...The Hill - 2d -
More job cuts expected at Justice Department, FBI
Staff within the Justice Department and FBI are on edge and bracing for more firings due to the changes under the new Trump administration. CBS News Department of Justice correspondent Scott ...CBS News - 2d -
Trump’s budget cuts are unconstitutional
These are not presidential decisions to make but rather are legislative mandates. Congress is our only hope.The Hill - 3d -
Inside the House GOP clash over tax cuts
Hardliners are squaring off against their top tax writer as Republicans try to assemble a package President Donald Trump's priorities.Politico - 3d -
Driver cut free after crash with highways vehicle
Firefighters say the highways vehicle was stationary within a closed work zone when it was hit.BBC News - 4d -
NIH cuts overhead funding for research
The National Institutes of Health (NIH) on Friday made a significant reduction in grants reserved for research institutions, a decision that may significantly impact American higher education. The ...The Hill - 4d -
Trump has two strong options to defuse the U.S. debt time-bomb. He should use them.
AI-fueled productivity growth, combined with realistic and constructive immigration reform, would put the U.S. economy on more solid footing.MarketWatch - 4d -
Trump administration to cut billions in medical research funding
National Institutes of Health said the $4bn loss will affect ‘indirect’ funding of buildings, equipment and staff. The Trump administration is cutting billions of dollars in medical research ...The Guardian - 5d -
Cambridge risks losing ‘unbelievable talent’ amid PhD funding cut
Warning by vice-chancellor Deborah Prentice comes as ‘Silicon Valley’ planned between Oxford and Cambridge. The University of Cambridge risks “losing unbelievable talent” owing to a drop-off in ...The Guardian - 5d -
Trump says he is cutting off Biden's access to intelligence material
Former presidents are traditionally allowed to receive intelligence briefings if they are being consulted about events that occurred while they were in office.NBC News - 5d -
Graham's plan for Trump tax cuts
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Graham rolls out plan to tackle Trump agenda Senate Budget Committee Chair ...The Hill - 5d -
RFK Jr. had up to $1.2 million in credit card debt — what experts say about tackling high balances
Robert F. Kennedy Jr.'s recent financial disclosures show a "massive" amount of credit card debt, according to experts.CNBC - 5d -
Small Businesses and Contractors Also Get Hit by Trump’s Federal Funding Cuts
Reports suggest several thousand private sector jobs have been lost in the last two weeks, as federal funding freezes start having knock-on effects.Inc. - 6d -
How to Pay Off Credit Card Debt
A new report finds that people are spending more on their cards and paying down less. Financial experts offer tips for reducing that debt, starting with looking at your spending habits.The New York Times - 6d -
Small Businesses Will Be Subjected to ‘the Fury of Debt Collectors’ for Covid Loans, According to Senate Dems
Proposed legislation could hurt struggling small businesses, Senator Ed Markey warns.Inc. - 6d -
Bank of England Cuts Rates While Warning of Inflation and Trade War Risks
The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.The New York Times - Feb. 6
