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.
debt
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.
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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 inMaine Voices, Op-eds, Opinion
Maine Voices: U.S. debt default – culmination of a perfect crime
Ask yourself what it would take to tip the wealthiest, most powerful country on earth into chaos.
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 inOp-eds, Opinion
Commentary: Liberal economists say debt doesn’t matter. They’re wrong.
They’re gambling our nation’s fiscal solvency on low interest rates.
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 inOp-eds, Opinion
Commentary: Federal regulators have abandoned consumers in favor of predatory lenders
The deadline is Sept. 3 to speak out against a proposal that would let payday lenders dodge interest-rate limits set by Maine and other states.
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.