US Debt Panic Is Rising. The Proposed Solutions Could Backfire.

Anxieties over America’s ballooning debt have reached fever pitch, but economists question whether Washington can muster the political will needed to avert a reckoning, and worry that the proposed remedies could carry their own set of fiscal ailments. America’s national debt—now $39 trillion—has long alarmed fiscally hawkish lawmakers. Congressional Republicans on the Joint Economic Committee…

£200m debt relief for Thurrock unveiled by Government

The move follows years of instability stemming from a controversial commercial investment strategy pursued by the previous Conservative administration, which left the council with debts of more than £1.3 billion before it effectively declared itself bankrupt in December 2022. The Section 114 notice issued at that time confirmed the council could not balance its budget,…

How tax relief firms negotiate with the IRS

Tax relief firms specialize in negotiating with the IRS on a taxpayer’s behalf, but what does that process entail? Nora Carol Photography/Getty Images The Internal Revenue Service (IRS) collects billions of dollars each year in back taxes, penalties and interest, in large part because it has an arsenal of tools to collect what’s owed. Wage…

Billionaire Robert F. Smith’s legacy shapes Atlanta festival focused on HBCU student debt relief

The city of Atlanta is currently hosting a powerhouse gathering of celebrities, philanthropists, and academic leaders for the inaugural HBCU AwareFest. The weeklong event aims to celebrate Black excellence while raising critical funds to eliminate the student loan debt burden facing graduates of Historically Black Colleges and Universities (HBCUs). The festivities continue Wednesday at the…

Cash-strapped council to get £200m in debt relief

The government is to provide £200m to pay off part of Thurrock Council’s debt, according to its Labour leader. The unitary authority in Essex was declared effectively bankrupt in 2022 with a debt that peaked at £1.5bn. Thurrock Labour MP Jen Craft said the debt relief was “a turning point for Thurrock”. The government is…

Cash-strapped Thurrock Council to get £200m in debt relief

Thurrock Council borrowed hundreds of millions to invest largely in solar energy. But the investments failed and led to the then Conservative authority needing government intervention to oversee and provide emergency financial support. Labour took control of Thurrock Council in 2024. The council is set to be abolished as part of the reorganisation of local…

Credit Strategy – Knowledge Hub

Coerced Debt Back on the Agenda Coerced debt is rightly back on the policy agenda, but there’s a lot to do to put right the wrongs that victim-survivors continue to experience. It’s up to all of us who work with consumers to try to spot the warning signs and prevent coerced debt, as well as…