Tag Archives: debt
US Hits The Debt Ceiling
The debt limit, also known as the “statutory debt ceiling,” is a legal cap on the amount of money the U.S. government can borrow. This cap is currently set at $31.4 trillion, and the government has reached its limit.… Continue reading
Supreme Court Seems Likely to “Dismantle” Student Loan Forgiveness Plan
Earlier this year, President Biden announced his plan to cancel up to $20,000 in federal student loan debt for qualified students. This was a monumental decision because of the millions of people across the country who suffer from over $1.6 … Continue reading
NYC’s Yellow Taxi Medallion Owners To Receive Debt Relief Next Month
For decades, the yellow cabs seen driving around the streets of New York City have almost become something of a tourist attraction for some people. Seemingly endless amounts of individuals flood the streets looking to pick up passengers and get … Continue reading
Biden Cancels 5.8 Billion Dollars In Student Loan Debt, Largest In Governments History
This past Wednesday, the Biden Administration said it plans to cancel all current student loans for all students who attended any schools operated by Corinthian Colleges. These schools, according to the Department of Education, were one of the largest … Continue reading
Student Loan Moratorium Extended Through End of August
President Biden recently announced the federal pause on student loan payments will be extended until the end of August. Officials of the Biden Administration have been weighing this idea for several months now, struggling with deciding if they should extend … Continue reading
Is Cancellation Of Debt Haunting You With Phantom Income?
If you thought your money problems were solved when you settled your credit card debt, you might be in for a ghostly surprise. For many with debt struggles, once the debt collector stops haunting you, the taxman comes trick-or-treating at … Continue reading