Debt Archives - Slay News

Houston’s Democrat Mayor Admits His City Is Broke, Tens of Millions in Debt

Houston’s Democrat mayor has admitted that his city is broke after decades of overspending. During a meeting with Houston officials, Mayor John Whitmire admitted that the country’s fourth-largest city is tens of millions of dollars in debt. Whitmire was elected in December, overwhelmingly defeating Democrat Rep. Sheila Jackson Lee (R-TX).…

Biden Wipes Another $9 Billion from the Debts of College-Educated Voters

Democrat President Joe Biden's administration has announced that another $9 billion in taxpayer money will be used to wipe the student debts of around 125,000 college-educated voters. The Biden admin made the announcement in a Wednesday press release. In June, the U.S. Supreme Court ruled 6-3 in June that the…

Biden Threatens to Raise Debt Ceiling Using 14th Amendment without GOP Support

President Joe Biden has claimed that he can use the 14th Amendment to raise the debt ceiling if Republicans refuse to agree to the plan. Biden made the threat during a Sunday press conference at the Group of Seven (G-7) summit in Hiroshima, Japan. “I’m looking at the 14th Amendment…

Auto Loan Delinquencies Hit Highest Level in a Decade as Borrowing Costs Soar

Delinquencies on auto loans have hit their highest levels in a decade as growing numbers of American fail to meet their repayments amid soaring borrowing costs. The data was revealed by the credit agency TransUnion, which tracks more than 81 million auto loans throughout the United States. According to TransUnion,…

Over 50% of World’s Poorest Need Urgent Relief as Serious Debt Crisis Unfolds, UNDP Warns

Over 50 percent of the world's poorest people are in need of urgent relief amid a mounting serious debt crisis, the United Nations Development Programme (UNDP) has warned. On Tuesday, the UNDP warned that the looming debt crisis could have disastrous effects on the world’s poorest. In a new report…

Looming Debt ‘Death Spiral’ Will Force Fed to Restart Money Printers Sooner, Expert Warns

A leading economic expert is warning that the U.S. Federal Reserve will soon be forced to start printing money again as a "death spiral" of debt is looming. As the Fed continues to hike rates into a rapidly slowing economy, macroeconomic analyst Luke Gromen warns of a growing risk of…