'Snowball method' to pay off debt
With the new year, comes New Year’s resolutions, and some people might be looking to pay off holiday debt. If this is you, you’re not alone.
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The RootDid Biden Just Make it Easier for Black Americans To Pay Off Old Student Debt?
Black Americans are drowning in student debt, and many of us struggle to keep up with the demands of paying off loans and saving for retirement. If you’re tired of choosing between dodging debt collectors forever and working until you croak, you might want to learn about this new retirement law.
- SmartAsset
Debit Limit Ceiling Crisis Could Hit Your 401(k), Social Security and Medicare
America's debt ceiling was reached - again - on January 19, 2023 as the country exceeded its $31.4 trillion spending cap. The cap was raised to that amount in December 2021. As much terms like "ceiling" and "cap" are used … Continue reading → The post Debit Limit Ceiling Crisis Could Hit Your 401(k), Social Security and Medicare appeared first on SmartAsset Blog.
- Fox Business
China fires back at Yellen, tells US to 'cope' with its own debt
China clapped back at U.S. Treasury Secretary Janet Yellen after she accused Beijing of being a debt reform 'barrier' for Africa and told Washington to 'cope with its own debt problem.'
- MarketWatch
An absurd issue demands an absurd solution: Let’s mint a bazillion-dollar coin to bring the curtain down forever on the Republicans’ farcical debt-ceiling theater
Republicans don't want fiscal responsibility; they want to destroy the government's ability to improve the lives of American citizens
- Business Insider
Nobel economist Paul Krugman says we're not in a debt crisis, but the US could still be facing a lot of economic problems in a few years
The US has the largest national debt balance in the world, and it could pose problems down the line, top economist Paul Krugman warned.
- Los Angeles Times Opinion
Editorial: If Kevin McCarthy is serious about protecting the economy, he'd raise the debt ceiling
Republicans are holding the economy hostage with debt limit fight. Biden should be willing to work with House GOP, but not at the expense of the nation's economic health.
- Fox News
McConnell tosses debt ceiling hot potato to Biden, McCarthy: ‘That’s where a solution lies’
Senate Minority Leader Mitch McConnell said Tuesday that only House Speaker McCarthy and President Biden are in a position to negotiate a debt ceiling fix.
- The Hill
Five ways federal government can try to avoid default
President Biden and Congress have roughly four months to avoid a self-inflicted economic catastrophe. After reaching the debt limit last week, the federal government can no longer issue any new bonds to pay for spending already approved by lawmakers and presidents. A bipartisan agreement is the most likely and safest outcome. But partisan divides over…
- Reuters Videos
Building U.S. economy 'only easy way out' of debt problem -CIO
STORY: "We've got shortages in virtually every area of the labor market," Pagliara explained."We have to build this economy to grow," he added. "That is the only easy way out of this [debt] problem."Republicans who control the U.S. House of Representatives are divided over how hard a line to take on the debt ceiling, but were united on Wednesday (Jan. 25) in demanding that Democratic President Joe Biden agree to negotiate on spending as part of any deal.Hard-line Republican conservatives, who have the power to block any deal in the narrowly divided House, want to force deep spending cuts on Biden and the Democratic-led Senate in exchange for an agreement to avoid default on the $31.4 trillion debt.Some moderates want to tread more carefully and avoid any potential damage to the U.S. economy, but even they contend their party will not support a debt agreement without negotiations on spending.
- GOBankingRates
6 Strategies for Paying Off Multiple Credit Cards
If you have several credit cards with outstanding balances ranging from hundreds to thousands of dollars per card, you may be trying to figure out the best way to pay down or pay off credit card debt....
- GOBankingRates
LaBeouf, Lohan and 16 Other Celebrities Who Lost It All
We're obsessed with celebrity gossip -- watching stars react to internet trolls, scrolling through "most hated celebrities" lists, wondering to ourselves, "Why do people hate Nickelback?" But our...
- The Hill
On The Money — Senators look toward Social Security reform
A divided government is spurring some united interest in tackling entitlement programs. We’ll also look at the ways the federal government can avoid a debt default and how Sen. Joe Manchin (D-W.Va.) is trying to bridge the debt ceiling divide. But first, find out why the Senate GOP isn’t as eager to impeach President Biden…
- The Hill
Scott pushes plan to prioritize certain payments if debt limit bill stalls
Sen. Rick Scott (R-Fla.) circulated a letter to Senate colleagues Thursday urging them to back his plan to ensure the federal government does not default on interest payments or payments to Social Security beneficiaries if Congress fails to raise the debt limit before the Treasury Department runs out of borrowing authority. Scott’s bill, which…
- The Hill
Watch live: GOP senators hold briefing on debt ceiling
Republican Sens. Rand Paul (Ky.), Mike Braun (Ind.), Ron Johnson (Wis.), Mike Lee (Utah) and Rick Scott (Fla.) on Wednesday will host a press conference on the debt ceiling in the Senate Radio and TV Gallery. The U.S. hit its debt ceiling last week and began enacting “extraordinary measures” to avoid a default that could…
- Business Insider
Billionaire investor Ray Dalio slams the US debt ceiling – and compares politicians who support raising it to binge-drinking alcoholics
The US government hit its $31.4 trillion debt limit last week, raising the prospect of a default in June.
- Yale Environment 360
Portugal to Redirect Cape Verde Debt Payments to New Climate Fund
Under the terms of a new agreement, Portugal will redirect debt payments owed by Cape Verde to a fund that will help the island nation tackle climate change.
- GOBankingRates
I Have to Pay My Debt, So Why Doesn’t the US Government? The Truth Is Even More Complicated Than You Think
The U.S. just hit its debt limit, following Congress's failure to reach a deal to raise the debt ceiling. While the Treasury Department announced it would start implementing its "extraordinary...
- Associated Press
China cites US debt issue to deflect pressure on Africa debt
The Chinese government says the United States should stop pressuring it on debt relief for Zambia and focus on averting a government default at home with possible repercussions for the global economy. The Chinese embassy in Zambia responded Tuesday to remarks by U.S. Treasury Secretary Janet Yellen, who said on a visit to the African nation this week that it’s crucial to address its heavy debt burden with China. “The biggest contribution that the U.S. can make to the debt issues outside the country is to … cope with its own debt problem and stop sabotaging other sovereign countries’ active efforts to solve their debt issues,” the Chinese Embassy said in a statement.
- GOBankingRates
19 Ways To Tackle Your Budget and Manage Your Debt
Debt is a growing problem in America. Total household debt was over $16.51 trillion in the third quarter of 2022, according to the Federal Reserve Bank of New York. Read: Here's Why 1 in 5 Americans...
- Fox News
GOP senators insist Biden 'will negotiate' on debt ceiling, budget reform: 'Better to start now'
Republican senators sent a message to President Biden that he "will negotiate" on the national debt and budget reform as the U.S. debt ceiling deadline draws nearer.