Congressional Republicans propose tying wildfire aid to debt ceiling debate

House Speaker Mike Johnson, R-La. | Photo courtesy of Gage Skidmore/Flickr (CC BY-SA 2.0) In an unfolding political standoff, House Republicans have proposed attaching wildfire disaster aid for Southern California to a federal debt limit increase, a strategy met with staunch opposition from California Democrats.  The idea was floated during meetings with President-elect Donald Trump…

Surge in number of Australians seeking debt help

January 16, 2025 11:07 | News Inflation may be easing but Australians are still acutely feeling the effects of higher prices, with a substantial increase in people seeking financial help. More than 169,000 people sought help from the National Debt Helpline in 2024 – a 12 per cent increase on the previous year. The increase…

152,000 student-loan borrowers are getting $4.2 billion in debt cancellation through Biden’s relief efforts a week before Trump takes office

Biden announced an additional $4.2 billion in student-debt cancellation for 152,000 borrowers. The relief will benefit borrowers in PSLF, defrauded borrowers, and borrowers with disabilities. It likely marks Biden’s last relief efforts before Trump takes office in one week. Thousands more borrowers are receiving student-loan forgiveness just one week before President Joe Biden leaves the…