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Watchdog Warns Of US National Debt Interest Payments Hitting $1 Trillion

By Thérèse Boudreaux (The Center Square) – Budget watchdogs are sounding the alarm as the U.S. hit an unfortunate fiscal milestone in fiscal year 2025: government spending on debt interest payments alone topped $1 trillion this year. The federal government…
Bankruptcy News

Roomba maker files for bankruptcy, weighed down by debt and tariffs

The U.S. company that put robot vacuums into American homes has hit the skids. The maker of Roomba, called iRobot, has filed for bankruptcy about two years after its failed merger with Amazon. The company has struggled to keep up…
Government News

National Debt Hits $38.40 Trillion, Increased $2.23 Trillion Year over Year, $6.12 Billion Per Day

WASHINGTON, DC –Today, the Joint Economic Committee released its Monthly Debt Update for December, including the national debt’s interest rate and composition as of December 3, 2025. As of December 3, 2025, total gross national debt is $38.40 trillion. Relative to one year…
Educational News

Some student loan borrowers pay ‘more than necessary,’ advisor says. What to know about relief programs

With many federal student loan borrowers struggling to repay their debt, consumer advocates and financial advisors say it’s crucial that consumers know about the U.S. Department of Education’s affordable repayment plans and forgiveness programs. Unfortunately, some don’t. “Many borrowers end up paying more than necessary simply because…
Editorial News

Mexico Agrees to Meet Water Treaty Obligations for Farmers in the American Southwest

(Washington, D.C., December 12, 2025) – Today, the United States and Mexico reached an understanding to meet the current water obligations of American farmers and ranchers and for Mexico to repay the water deficit in Texas as part of the 1944 Water…
Educational News

U.S. Department of Education Announces Agreement with Missouri to End Biden Administration’s Illegal SAVE Plan

Today, the U.S. Department of Education announced a proposed joint settlement agreement with the State of Missouri that would end the Biden Administration’s illegal ‘Saving on a Valuable Education’ (SAVE) Plan. The SAVE Plan was the Biden Administration’s third and…
Bankruptcy News

Azul wins court nod for debt restructuring, American and United to invest

NEW YORK/SAO PAULO, Dec 12 (Reuters) – A U.S. bankruptcy judge on Friday approved Azul’s debt restructuring, allowing the Brazilian airline to slash more than $2 billion in debt and raise capital through a new equity rights offering and investment…
Legal News

Obamacare costs look set to spike for millions of Americans as Senate rejects duelling bills

Healthcare subsidies for millions of Americans appear likely to expire after the Senate rejected competing bills, a politically fraught issue ahead of next year’s midterm elections. Both Democratic and Republican plans fell short of the 60 votes needed to advance,…
Government News

Two months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt

The calendar year may have a few weeks left to tick off, but as far as the government’s budget is concerned, we’re in fiscal 2026. And in a matter of weeks, the Treasury has already paid out a 12-figure sum…
Educational News

Student loan borrowers including higher earners may qualify for lower monthly bills soon

Many student loan borrowers could soon have access to lower monthly payments, as the U.S. Department of Education finishes implementing changes to one of its repayment plans. Previously, borrowers needed to prove a “partial financial hardship” — or income below a certain level…