Tag: Debt

POLITICS

Republican Senate Minority Leader Mitch McConnell Continues To Give Trump Headache

Former President Donald Trump has again criticized Senate Minority Leader Mitch McConnell for announcing a temporary solution to delay a default on the national debt. “Looks like Mitch McConnell is folding to the Democrats, again,” Trump reportedly said in a statement through his leadership PAC, Save America. “He’s got all of the cards with the debt ceiling, it’s time to […]

NEWS

IDB Official Praises Strong Jamaica’s Economic Progress

The Inter-American Development Bank (IDB) says Jamaica continues to make strong economic progress, with the country’s economy poised to generate continued growth. According to the Lead Economist at the organization, Dr. Henry Mooney, the significant strides made by the Government over the last few years have ensured macroeconomic stability and fiscal sustainability and facilitated economic expansion. He was speaking Thursday […]

BUSINESS

Is The U.S. In Debt?

Yes, writes Matt Wasserman, a writer on the popular question-and-answer website, Quora.com. He notes that the government of the United States is in debt to the amount of about $18 trillion. He argues that the government owes about $5 trillion of that debt technically to itself – intra-governmental debt. This includes money collected for specific purposes such as Social Security […]

EDUCATION School

College Debt Continues To Climb High

A new report from the Project on Student Debt indicates that student loan debt rose 2% from 2012 to 2013. Moreover, in six states students carry a debt burden of over $30,000. The report shows that in 2013 69% of graduates from both public and nonprofit colleges were saddled with student loan debt. At public and nonprofit colleges, average student loan […]