Insolvency Guardian Media Centre
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…
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Hong Kong actor Jacky Heung, 40, the son of billionaire film producers Charles Heung and Tiffany Chen, was recently reported to have owed MGM Macau casino a HKD1.4mil (S$230k) gambling debt.
According to the casino, Jacky had exchanged HKD2mil (S$330k) worth of chips last December, which he was required to pay for on that same day. However, they said that the value held in his account was only enough to repay a partial sum.
MGM Macau took the actor to court on July 3, and asked that he pay back his HKD1.4mil debt with an annual interest rate of 18%, which began rolling from the day he took up the loan.
After the news broke, netizens were curious as to why Jacky, as wealthy as his family is, would have an outstanding debt.
The…
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India–Maldives Ties: 8 key pacts inked in PM Modi-Muizzu meet; UPI, debt relief, fisheries, FTA on table The Times of India
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From the Chief Executive Officer
It’s been a whirlwind week! Parliament’s back and despite what seemed like an eternity between sittings, it feels like it never left as we quickly settled back into the groove. Parliament House was a hive of activity this week with new and returning politicians and staffers on deck for the start of the new term.
The Government has hit the ground running, delivering on its election commitments as it said it would. In our patch, this includes legislation to wipe HELP debt by 20 per cent to fulfil what was one of Labor’s most popular pre-election pledges. I…
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FILE – Side by side image of the Venmo app and a close-up image of the PayPal sign at headquarters. (Getty Images)
Feeling generous?
Well, Venmo and PayPal are now allowing users to help pay off the nation’s growing debt.
Help pay off the country’s debt
The backstory:
Allowing the public to help pay down the United States’ ballooning debt isn’t a new thing.
The U.S. Treasury Department has been accepting gifts to reduce debt held by the public for many years.
Dig deeper:
What’s new is that you can now make contributions digitally through Venmo or PayPal.
By the numbers:
Since 1996, people have contributed $67.3 million to pay down the national debt, which has since grown to a whopping $34 trillion.
The…
Read the original article here
Anna Moneymaker/Getty; Nikos Pekiaridis/NurPhoto via Getty
President Donald Trump; the Venmo app
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.
According to the “About Us” tab on their website, Pay.gov — which is an official program of the Treasury — is “a website where you can fill out a government form or pay a bill to a United States government agency. Making a payment on Pay.gov is like purchasing something online, and using Pay.gov is free.”
On…
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(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…
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For Alexander Lundrigan, the Trump administration’s treatment of borrowers has represented a “gut-wrenching reversal.” He owes $82,000 in student loans and works for an organization that advocates for young adults paying back student debt.
While President Joe Biden’s administration made extensive efforts to alleviate the burden of student loan debt for millions of borrowers, President Donald Trump is cracking down on them and trying to speed up repayment.
In his first few months in office, Trump restarted collections on borrowers in default and put tighter restrictions on debt relief programs. More recently his new…
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FILE – Side by side image of the Venmo app and a close-up image of the PayPal sign at headquarters. (Getty Images)
Feeling generous?
Well, Venmo and PayPal are now allowing users to help pay off the nation’s growing debt.
Help pay off the country’s debt
The backstory:
Allowing the public to help pay down the United States’ ballooning debt isn’t a new thing.
The U.S. Treasury Department has been accepting gifts to reduce debt held by the public for many years.
Dig deeper:
What’s new is that you can now make contributions digitally through Venmo or PayPal.
By the numbers:
Since 1996, people have contributed $67.3 million to pay down the national debt, which has since grown to a whopping $34 trillion.
The…
Read the original article here
FILE – Side by side image of the Venmo app and a close-up image of the PayPal sign at headquarters. (Getty Images)
Feeling generous?
Well, Venmo and PayPal are now allowing users to help pay off the nation’s growing debt.
Help pay off the country’s debt
The backstory:
Allowing the public to help pay down the United States’ ballooning debt isn’t a new thing.
The U.S. Treasury Department has been accepting gifts to reduce debt held by the public for many years.
Dig deeper:
What’s new is that you can now make contributions digitally through Venmo or PayPal.
By the numbers:
Since 1996, people have contributed $67.3 million to pay down the national debt, which has since grown to a whopping $34 trillion.
The…
Read the original article here
You can help pay off America’s debt with Venmo now InformNNY.com
Read the original article here
(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…