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Luis Alvarez | Digitalvision | Getty ImagesStudent loan forgiveness may be taxable againThe American Rescue Plan Act of 2021 made student loan forgiveness tax-free
(InvestigateTV) — From credit card balances to daily expenses, millions of Americans are struggling to stay ahead off their debt.
But Matt Schulz, chief consumer finance analyst with LendingTree, said it’s never too late to take action.
He said one strategy worth considering is debt consolidation.
“Debt consolidation can be a really big deal because not only can it streamline things for you, making it to where you only have to make one payment instead of several each month,” Schultz noted. “It can also really save you a significant amount of interest and even really shorten the amount of time it takes to really pay off that debt.”
He said consolidation can make sense for those able to qualify for a lower interest rate than what…
Economist Peter Morici breaks down what the national debt is, why it ballooned to more than $34 trillion and what it means for Americans.
Americans, if they’re so inclined, can now donate to pay down the national debt via Venmo and PayPal.
The U.S. Treasury Department’s little-known program has been around for decades, and Americans have donated $67.3 million in the last 29 years, which has done little to bring down the current $36.7 trillion in debt.
On Wednesday, an X post from NPR’s Jack Corbett showing a screenshot of the 21st century payment options went viral.
“You can venmo the United States to help pay off the national debt,” Corbett wrote.
(InvestigateTV) — Credit card debt is a tough cycle to break, and a recent survey found many people are feeling like they’re falling further behind.
“It’s something that is kind of plaguing most Americans. It’s definitely not going away any time soon,” WalletHub Managing Editor John Kiernan said.
Kiernan said he’s heard countless stories from people struggling to keep up with rising credit card interest rates. And the numbers bear this out.
An April survey by WalletHub found that nearly 1 in 3 Americans expect to end the year with even more credit card debt.
It also found that half of Americans are concerned that tariffs could make their credit card debt worse and that 46 percent don’t have a plan to pay down their debt.
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Luis Alvarez | Digitalvision | Getty Images
Student loan forgiveness may be taxable again
The American Rescue Plan Act of 2021 made student loan forgiveness tax-free at the federal level through the end of 2025. Trump’s “big beautiful bill,” while making other specific kinds of student loan relief tax-free, did not extend or make permanent that broader provision.
In theory, lawmakers could move to protect the relief from taxes before the end of the year, but borrowers shouldn’t count on it, experts say.
“Republicans do not like [student loan] forgiveness, and are unlikely to make it tax-free,” said higher education expert Mark Kantrowitz.
Without action from Congress, student loan borrowers who get their debt forgiven under the U.S….
(InvestigateTV) — From credit card balances to daily expenses, millions of Americans are struggling to stay ahead off their debt.
But Matt Schulz, chief consumer finance analyst with LendingTree, said it’s never too late to take action.
He said one strategy worth considering is debt consolidation.
“Debt consolidation can be a really big deal because not only can it streamline things for you, making it to where you only have to make one payment instead of several each month,” Schultz noted. “It can also really save you a significant amount of interest and even really shorten the amount of time it takes to really pay off that debt.”
He said consolidation can make sense for those able to qualify for a lower interest rate than what…
A viral X post on July 23 pointed out one way that the Trump administration is looking to reduce the national debt
On the Pay.gov website, operated by the Treasury Department, Americans can now give a “gift” to the public debt via Venmo or PayPal
The national debt currently sits around $36.7 trillion, as is expected to grow substantially in the coming years due to Trump’s “Big, Beautiful” budget bill
As President Donald Trump‘s “Big, Beautiful Bill” is poised to add trillions to the U.S. national debt, the Treasury Department is offering ways for citizens to help pay it down themselves.
On July 23, NPR reporter Jack Corbett pointed out, via X, that Venmo and PayPal options had been added to the Pay.gov website.
Dutch tech company CE-Line, developer of sensor technology for greenhouse horticulture, has been declared bankrupt. The international branch, CE-Line International, is also in a state of bankruptcy. The trustee is investigating a potential restart, and interested parties are invited to come forward.
The CE-Line system, developed by the scale-up from Emmeloord in the Dutch province of Flevoland, enables real-time laboratory analysis of nutrient levels in irrigation and drainage water. The company developed a ‘plug-and-play’ measuring system that can be connected to the grower’s existing water supply, but also be used in water-saving and recycling processes, such as wastewater reuse. After an intensive development and…
There was a time when Martine McCutcheon had the world at her feet. She became the nation’s sweetheart playing loveable barmaid Tiff in EastEnders in the Nineties before bagging a number one record with her single Perfect Moment, and went on to achieve worldwide fame opposite Hugh Grant in Love Actually.
There was even a Laurence Olivier Award, for her role as Eliza Doolittle in the 2002 National Theatre’s stage production of My Fair Lady.
She was often likened to a cockney Catherine Zeta-Jones – a similar rags-to-riches actress who successfully conquered Hollywood.
Martine – whose net worth was once estimated as being more than £2million – was sure to follow.
Not so. Earlier this month it was revealed that the London-born…
John F Kennedy’s sage words from his inaugural address are forever seared into America’s political consciousness:
“Ask not what your country can do for you – ask what you can do for your country.”
Six decades and some change later, the United States Treasury is keeping Kennedy’s spirit alive by offering Americans with a few dollars collecting dust in their Venmo balance a chance to fulfill a new patriotic duty: helping pay off the national debt.
The US treasury department has long had a “Gifts to Reduce the Public Debt” page available for those that dislike traditional charity, feel like they don’t pay enough in taxes, or simply want to help the country stay No 1 in an eclectic list of superlatives that includes military…
