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…
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,…
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…
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…
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…
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…
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…
When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative…
Apollo Global Management, Inc. (NYSE:APO) is one of the 7 Most Undervalued Blue Chip Stocks to Invest In. On March 23, 2026, Apollo Global Management, Inc. (NYSE:APO) capped redemptions from its $25B Apollo Debt Solutions business development company at 5% of shares outstanding after clients requested withdrawals of about 11%, according to a shareholder letter…
IN what is likely to be perceived by critics as a pre-local election ‘bribe’, the borough’s Labour leadership has announced a £200 million government grant to cut debt at Thurrock Council, but a release disclosing the news appears factually flawed and makes claims that can easily be repudiated. The overnight announcement from local Labour members,…