debt

Published
January 17, 2023

How ominous is the U.S. debt limit problem?

So far, House Speaker Kevin McCarthy and President Biden are playing what could be a dangerous game of chicken with the world’s largest economy in the middle.
Published
January 3, 2023

Commentary: Five major political questions facing America in 2023

From the national debt and the prospect of presidential impeachment to the fate of Justice Sonia Sotomayor, there’s a lot to watch out for.
Published
October 13, 2022

Tom Purcell: Our wild debt party is over
Published
August 2, 2022

Credit card debt surged as inflation forced Americans to borrow more

Credit card balances increased $46 billion in the second quarter, a 5.5% increase from the first quarter, and there was also an uptick in new credit card accounts.
Published
May 10, 2022

Americans put more on credit cards as inflation boosts costs, Fed data show

A record 537 million credit card accounts were opened in the first quarter, a jump of 31 million over the past year.
Published
May 7, 2022

Another View: Don’t expect the Fed to work miracles

In conditions like these, monetary policy can only do so much.
Published
February 25, 2022

Maine Voices: Bill could help college students graduate, ease Maine’s worker shortage

By reining in the withholding of transcripts over unpaid bills, L.D. 1838 will let Mainers get their degrees and jobs.
Published
December 22, 2021

Commentary: The Fed’s pivot on inflation, unemployment is the opposite of hawkish

The central bank’s policy stance is actually much more dovish than it was a year ago. This doesn’t bode well for the economy.
Published
December 18, 2021

Another View: Fed right to keep its options open

Preparing to raise rates amid persistent inflation is prudent risk management.
Published
October 27, 2021

Stacey Abrams’ PAC donates $1.34 million to wipe out medical debts

The Fair Fight Political Action Committee said it has donated $1.34 million to the nonprofit RIP Medical Debt to wipe out debt with a face value of $212 million that is owed by 108,000 people in Georgia, Arizona, Louisiana, Mississippi and Alabama.