U.S. economy is experiencing ‘death by a thousand cuts’, says Deutsche Bank, as confidence in national debt management erodes

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America’s soaring national debt, now over $36.2 trillion, has triggered growing concern among economists and credit agencies like Moody’s, which recently downgraded the U.S. credit rating amid fears that economic growth won’t keep pace with rising debt and interest payments. Economists have criticized politicians’ plans to reduce America’s national debt as too little, too late.…

Chicagoans with student debt stressed as Trump, GOP cut back relief

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Chicagoans with student debt are feeling whiplash and confusion under the Trump administration. While President Donald Trump’s predecessor canceled $183 billion in student loans for more than 5 million Americans, Trump has called those actions illegal and is removing pathways to affordable monthly payments and loan forgiveness. Earlier this month Trump’s Department of Education restarted…

Michael Sheen buys £1m worth of people’s debts

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Getty Images As part of a new Channel 4 documentary, Michael Sheen has used £100,000 of his own money to write off £1m of people from South Wales’ debts Sheen said he did not have £100,000 to “throw around” and therefore wanted the project to be “effective”. Despite initial doubts, an encounter with a woman…

Debt aid for tobacco farmers – DailyNews

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THE Tobacco Industry and Marketing Board (TIMB) yesterday launched a debt relief programme under the Tobacco Inputs Credit Scheme (TICS), offering renewed… To access this post, you must purchase a subscription. Please click the button below to visit our subscriptions page to select a package. Subscriptions Read the original article here