WASHINGTON, May 28 (Reuters) – U.S. President Joe Biden and Republican House Speaker Kevin McCarthy on Saturday reached an agreement in principle to lift the debt ceiling that would trim some U.S. federal spending. While the bill is still being written, the general contours of the deal have been described by sources. Sometimes, Democrats and…
Camera Icon If you can make a payment before the June 1 rate adjustment blow, it could save you thousands of dollars in the long term. But be careful you dont upset other plans in your enthusiasm to clear the debt. Credit: Engin_Akyurt/Pixabay (user Engin_Akyurt) Share to Facebook Share to Twitter Email Us Copy the…
House Speaker Kevin McCarthy (R-Calif.) speaks alongside Rep. Garret Graves (R-La.) to announce that he had reached a deal with President Biden to raise the debt ceiling at the U.S. Capitol on May 27, 2023. | Francis Chung/POLITICO The debt ceiling deal that President Joe Biden and House Speaker Kevin McCarthy struck late Saturday is…
If you’re struggling to keep up with your debt payments, a debt consolidation loan could be a lifesaver. Getty Images/iStockphoto Debt can put a big strain on your finances (and your mental well-being). It hurts your credit score, impedes your ability to save for your goals and can stretch your budget so thin you’re forced…
The Biden administrations plan to cancel up to $20,000 of debt for tens of millions of Americans has faced endless pressure. Just this week the House of Representatives voted to repeal it. But the suit against it, brought by six Republican-led states, has received much less scrutiny. Thats because the Supreme Court issued certiorari before…
Republicans on Wednesday railed against Joe Bidens relief plan, criticizing it as too expensive and unfair to people who didnt take out student loans. | Alex Brandon/AP Photo The House on Wednesday passed Republican-led legislation to overturn President Joe Bidens student debt relief program and nullify the freeze on federal student loan payments and interest.…
High inflation, along with a rising rate environment, has pushed many Americans to rely more on debt to keep up with household spending. This has led to near record high balances in both credit cards and unsecured loans, according to TransUnion. If high balances are keeping you up at night, debt relief could be the…
Solar-powered LED lights are helping young people in Africa to continue their studies after sunset, when mains-powered electricity isnt available.Credit: Waldo Swiegers/Bloomberg/Getty Theres one data point in the World Banks latest Africas Pulse report, published last month, that is impossible to ignore: 43% of the continents people still do not have electricity (see go.nature.com/3oploj). That…
Caiaimage/Chris Ryan/Getty Images A recent Bankrate survey found that over a third of U.S. adults have more credit card debt than emergency savings the highest level in 12 years. If you too are struggling with debt, applying for debt relief can make your payments more manageable, plus help you tackle your balances faster and even…
When veterinarian Monica Chinchilla filed her tax return last year, she noticed her student HELP debt had risen by about $3,100 due to indexation. Despite working full-time, the annual repayments from her salary were about $3,400 meaning her debt reduced by only $300. This year, the situation with her HELP debt is looking much worse. With…