Government
Republicans pour cold water on Trump’s $2,000 check proposal(Daily Caller News Foundation) – President Donald Trump wants to send $2,000 checks to working-class Americans, but the proposal is facing tough prospects on Capitol Hill. Fresh off Republicans’ disappointing electoral… Read More
Public Education
New Orleans’ only ‘traditional’ public school wrestling with $500,000 deficit, low enrollmentA ballooning budget deficit, coupled with lower-than-projected enrollment, is forcing New Orleans’ sole “traditional” public school to reconsider its operational model. “Despite loud public support last year for the Orleans… Read More
Government
Scott Bessent warns of ‘ultimate calamity’ if Congress fails to act on debt and growth(Daily Caller News Foundation) – Treasury Secretary Scott Bessent warned on Fox News Tuesday that inaction from Congress on economic reform could lead to what he called the “ultimate calamity.”… Read More
Opinion
Student loan forgiveness’ unintended consequences for recipients(The Daily Signal) – Instead of alleviating rising debt burdens, Joe Biden’s student loan debt “forgiveness” has caused recipients to take on additional non-student loan debts, a new economic analysis shows. Read More
Public Education
Houston ISD board votes to saddle taxpayers with nearly $11 billion in debt(The Center Square) – Multiple news outlets reported that the Houston Independent School District board voted last week to pass a $4.4 billion bond proposal. This total excludes the interest… Read More
Culture
Women have more student loan debt than men, and it’s not because of the gender wage gapCollege student loan debt in the U.S. is nearing $1.8 trillion dollars. While the Biden administration is controversially trying to take care of this mountain of debt… Read More
Federal Spending
Congress’ inaction on debt ‘irresponsible,’ says former comptroller(The Center Square) – The former U.S. Comptroller General said Congress' failure to address the federal debt burden was "irresponsible." David Walker, former Comptroller General of the United States and… Read More
Culture
Texans pass billions of dollars worth of bond debt, paid for by property tax hikes(The Center Square) – Texans statewide passed billions of dollars’ worth of bonds on Tuesday, according to unofficial results. All bond proposition ballot language explicitly states, “This is a property… Read More
National Debt
Agency warns rising interest costs pose risk to nation’s financial outlook(The Center Square) – A quarter of every dollar U.S. taxpayers send to Washington is projected to go to interest costs by 2051 without changes to federal spending and taxation,… Read More
National
National debt to GDP ratio worse than CBO estimates, group says(The Center Square) – New budget estimates show that the growth of the national debt is worse than previously thought. The U.S. Congressional Budget Office released projections in … Read More
Economy
Biden touts Inflation Reduction Act, critics say student loan cancellation offsets gains(The Center Square) – President Joe Biden touted the recently passed Inflation Reduction Act during a speech Tuesday, but analysts point to the recent student debt cancellation as an “offset”… Read More
Biden administration
Student debt will rise to pre-cancellation levels in less than a decade, budget group says(The Center Square) – It will take less than a decade for student loan debt to return to the level it was at before President Joe Biden canceled nearly half… Read More
Biden administration
Budget group: Student loan payment deferments cost taxpayers $155 billion, benefits doctors, dentists more than most(The Center Square) – Estimates vary widely on how much President Joe Biden’s $10,000-20,000 per borrower cancellation of student loans will cost taxpayers, but a new analysis estimates the significant… Read More
Economy
Report details threat to future Illinois taxpayers posed by excessive borrowing(The Center Square) – A report shows the state of Illinois has one of the largest debt liabilities in the country. The American Legislative Exchange Council, or ALEC, released its… Read More
National
Yellen to testify on Biden budget after admitting she was wrong on inflation(The Center Square) – U.S. Treasury Secretary Janet Yellen will testify before the Senate Finance Committee Tuesday, just days after she admitted she was wrong about inflation earlier in President… Read More
National
Biden expected to push back student loan repayment to September(The Center Square) – The Biden administration is expected to extend the student loan repayment freeze, which was scheduled to end May 1. The new pause on repayment will likely… Read More
National
White House defends spending as federal debt tops $30 trillion(The Center Square) – The national debt hit another milestone this week, and experts are warning that continuing to increase federal spending will have dangerous consequences. The federal national debt… Read More
National
Inflation hits 30-year high as holiday season nears(The Center Square) – The prices of everyday goods are getting increasingly more expensive, new federal data confirm. The Department of Labor’s Bureau of Labor Statistics on Wednesday released its… Read More
National, Opinion
OPINION: We Need Calvin Coolidge’s Fiscal ConservatismThe national debt is rapidly nearing $29 trillion, which is 25% more than our entire economy, and is orders of magnitude higher if you consider unfunded liabilities of Social… Read More