Imagine this: a woman is feeling frustrated with her mother-in-law's spending habits. This mother-in-law has gone through her late husband's inheritance and now relies on multiple income sources. The woman, along with her family, is dealing with financial struggles, including a hefty student loan de
President Biden's proposal to eliminate student debt has caused quite a stir. Representative Virginia Foxx from North Carolina wrote to Education Secretary Miguel Cardona with concerns. She questions if the Education Department has the right to cancel loans without a solid reason. Foxx fears this co
Donald Trump has big plans for the U. S. economy, including tax cuts and other initiatives. But there’s a big problem: the national debt is huge, and it’s getting more expensive to pay it back. High interest rates and the cost of servicing the debt are making it tough for Trump to deliver on his pro
As college fees keep climbing, three former Duolingo bigwigs are starting a new venture, Outsmart Education. Their goal? Make higher education more affordable and accessible. The team, led by Jorge Mazal, has snagged $13 million in funding from investors like Khosla Ventures. This seed money will go
Diamond Sports Group, owners of regional sports networks, has gotten the green light to emerge from bankruptcy. This happened at a recent hearing in US Bankruptcy Court in Houston. The company entered Chapter 11 in March 2023 with a massive debt of $8. 67 billion. Now, they are leaving with much les
Traders are speculating more actively on an interest rate cut by the Federal Reserve in December. This prediction is based on new inflation data that aligns with current expectations. As a result, Treasury debt is seeing a boost. The yield on two-year notes, which closely follow Fed rate decisions,
Anthony Scaramucci, the founder of SkyBridge Capital, believes the US can manage its debt crisis by allowing inflation to rise slightly. This strategy might not be great for savers and lower- to middle-income households, but Scaramucci thinks it's the way to go. He made these comments just before th
Being middle-class and insured doesn't shield you from the shock of medical bills after childbirth. Jessica, who gave birth at Hospital Sisters Health System, faced this reality. The hospital said they can't discuss individual cases but are committed to fair billing. After NBC News contacted SIU Med
Jessica and Jimmy Hurley were thrilled to welcome their premature twins, Perry and Kinser, into the world. But the joy was short-lived as the medical bills started piling up. Their insurance wasn't covering everything, and they found themselves drowning in debt. The couple was shocked to discover th
It's election season, and the candidates are making their final pleas. Vice President Kamala Harris promised to find common ground and help with economic issues, like controlling grocery prices and assisting first-time home buyers. On the other hand, former President Donald Trump focused on immigrat
