U.S. Debt

Trump Tax Proposal Analysis Shows Top 1% to Receive Huge Gains

Trump Tax Proposal to Benefit Ultra-Rich, New Analysis Reveals

Despite claims otherwise, the Trump tax proposal is again being criticized for disproportionately helping the wealthy while the middle class will receive less-than-promised, according to a new analysis released on Monday. People earning more than $730,000 a year would get an average cut of more than $37,000, according to the Tax Policy Center. This would (more…)

Concerns Mount Over 401(k) Cuts in Trump Tax Plan

Concerns Mount Over 401(k) Cuts in Trump Tax Plan

The President Says on Twitter That the 401(k) Plans Will Be Untouched, But Not Everyone Is Convinced The Trump tax plan continues to face controversy, this time with concerns that the 401(k) pension-matching plan may face reductions in the new tax overhaul plan, even as the president comes out on Twitter to claim that the (more…)

Student Loan Delinquencies on the Rise

Americans Falling Behind on Student Loan Repayments Economists are perplexed about why more Americans are falling behind in their student debt repayments compared to a year ago. Most economists agree that the U.S. economy has improved since then, which should decrease—not increase—loan delinquencies. According to the U.S. Department of Education, the percentage of Americans who are at least 31 days (more…)

S&P Cuts Hartford’s Credit Rating Amid Possibility of Default

Standard & Poor's rating

Connecticut Capital’s Bond Rating Cut to Near-Default Levels Rating agency Standard and Poor’s (S&P) has cut Hartford, Connecticut’s credit rating to near-default levels, warning of an imminent default. S&P has cut the city’s credit rating from B- to CC. This is the second time in two weeks that S&P has lowered the rating for Connecticut’s capital city.

U.S. States Short $645 Billion According to New Accounting Guideline

Budget money for donate and sharing

State Governments Found to Be $645 Billion Short for Healthcare Liabilities U.S. state governments will owe more money in retiree health benefits than previously believed. A recent change in accounting guidelines has uncovered that U.S. states may be short by a whopping $645.0 billion for their future healthcare-related liabilities.

The U.S. is The Most Indebted Country in the World

Managing Debt Challenge

American Government Owes More than Any Other Country in the World Fears of default may have temporarily subsided after President Donald Trump raised the debt ceiling until December, but uncertainty continues to haunt the markets as investors worry about America’s growing debt problem.