Debt

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…

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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,…

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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…

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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…

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