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.
debt
Posted inMaine Voices, Op-Eds, Opinion
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.
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Posted inNation & World
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.
Posted inOp-Eds, Opinion
The Maine Millennial: A generation’s failure to launch
Having a job and working hard should be enough to secure a place in the economy. They are not.
Posted inBusiness, Nation & World, Politics
U.S. dodges default crisis – for now – as Senate votes to extend borrowing
The 50-48 vote in support of the bill to raise the government’s debt ceiling by nearly a half-trillion dollars brought instant relief, but it provides only a reprieve.
Posted inEditorials, Opinion
Our View: Federal debt limit brink is nothing to play with
We should not lose sight of how catastrophic a default would be simply because we have come close before.
Posted inNation & World, Politics
House races to vote on government funding, debt as Republicans dig in to oppose
Once a routine matter, now Senate Majority Leader Mitch McConnell is refusing to provide Republican votes, even though he also relied on Democratic votes help raise the debt ceiling when his party had the majority.
Posted inBusiness, Nation & World
Capital One cuts card limits amid U.S. jobless-aid impasse
Some customers have complained their limits have been slashed by a third to two-thirds, eroding their ability to borrow in an emergency or potentially hurting their credit scores.
Posted inBusiness, Local & State, News
Virus contributes to outbreak of consumer debt in Maine
With jobs lost and bills piling up, many Mainers face mounting household debt triggered by the COVID-19 pandemic.
Posted inEditorials, Opinion
Our View: Economic abuse is domestic violence
Federal consumer protection laws should not be used to enable abusers who weaponize credit.