The Education Department has decided to stop taking money from the Social Security checks of people who haven't paid back their student loans. This is big news for many older Americans who were worried about losing part of their income. The government had recently started collecting these overdue lo
The federal government is in a tough spot. The national debt is climbing, and the recent tax and spending cuts passed by the House could add over $5 trillion to it in the next decade. The White House is betting on economic growth to shrink these deficits, but not everyone is convinced. The Committee
The US bond market is under scrutiny. A top banker has raised alarms about the growing debt. This debt is putting pressure on the bond market. The market sets borrowing costs for trillions of dollars in debt worldwide. This is a big deal because it affects everyone, not just the US. The US governme
The House Republicans have introduced a significant change to federal student loan repayment plans. This new plan, part of a larger spending and tax package called the "One Big Beautiful Bill Act, " proposes a repayment timeline that could stretch up to 30 years. This is a big jump from the current
A significant financial challenge is looming for many developing nations. By 2025, these countries will face a massive debt repayment to China. This debt comes mostly from loans given out during the peak of China's Belt and Road Initiative, which started in 2013. The initiative aimed to connect Asia
The Senate is buzzing with tension over the "One Big, Beautiful Bill" that's been making waves. This bill, which has already sailed through the House, is now facing some stiff opposition in the Senate. The main issue? Some Republican senators think the bill doesn't do enough to tackle the national d
The political scene in the US is heating up as some Republicans in the Senate are pushing back against the president's spending plans. They want to see serious cuts to government spending and a reduction in the national debt. If they don't get what they want, they're threatening to block a major tax
The political landscape is shifting as the tax and immigration bill moves from the House to the Senate. In the House, Republicans celebrated a narrow victory, but in the Senate, the mood is more reserved. Senate Majority Leader John Thune has a slim margin. He can only afford to lose three Republica
The House of Representatives, controlled by Republicans, just passed a huge tax and spending bill. This bill is a big deal because it puts a lot of money into the military and border security. It also gives tax breaks to certain groups, like people who receive tips or have car loans. This bill is pa
In the spring of 2020, the United States faced an unprecedented health crisis that sent shockwaves through the economy and put millions of lives at risk. Lawmakers from both major political parties joined forces to pass a massive and costly emergency response. This effort helped prevent long-term da
