Fending off a U.S. default, the Senate has given final approval to a debt ceiling and budget cuts package.
debt
Posted inBusiness, Nation & World, News
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.
advertisement
Posted inOp-eds, Opinion
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.
Posted inTimes Record Opinion
Tom Purcell: Our wild debt party is over
Gosh, I hate debt. I’ve been in and out of debt from time to time. When I was younger I took out a car loan for a nice set of wheels that I really couldn’t afford. I borrowed money I didn’t have to buy a really nice stereo system, too. A few years after becoming […]
Posted inBusiness, Nation & World, News
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.
Posted inBusiness, Nation & World, News
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.
Posted inEditorials, Opinion
Another View: Don’t expect the Fed to work miracles
In conditions like these, monetary policy can only do so much.
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.
Posted inOp-eds, Opinion
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.
Posted inEditorials, Opinion
Another View: Fed right to keep its options open
Preparing to raise rates amid persistent inflation is prudent risk management.