Debt
WASHINGTON — The U.S. Education Department on Tuesday began taking steps it says will bring thousands of borrowers closer to forgiveness of their debts while making additional changes that will result in the immediate debt cancellation for at least 40,000... Read More
WASHINGTON - Debt in emerging and developing countries climbed to a record $55 trillion in 2018, the result of an eight-year surge that has been the largest and fastest in nearly 50 years, a study by the World Bank says.... Read More
WASHINGTON - Former Congressman and South Carolina Gov. Mark Sanford suspended his longshot campaign for the Republican presidential nomination Tuesday, explaining that sometimes "you've got to be a realist." Standing outside the New Hampshire statehouse while holding an oversized trillion-dollar... Read More
WASHINGTON - The federal debt is on track to reach unprecedented levels in the next 30 years and will rise to 144 percent of the nation's gross domestic product by 2049 if current laws are maintained, the Congressional Budget Office... Read More
WASHINGTON - House Majority Whip James Clyburn, D-S.C., and Senator Elizabeth Warren, D-Mass., said this week they plan to introduce legislation to cancel student loan debt for nearly 42 million borrowers. “For far too many students and families, the cost... Read More
WASHINGTON - State officials told the House Subcommittee on Oversight and Investigations Tuesday that questionable practices by the servicers of student loans are saddling a generation with enormous debt that if left unchecked could stifle economic growth across the nation.... Read More