There is a ton of debt that needs to be made up in the United States Post Office (USPS) and this Friday is the beginning of some rate hikes and some later delivery times. It's part of a ten-year plan to try and put a dent into the one hundred sixty billion dollar debt they are facing.
Imagine you are counting on that $1400 stimulus payment. You need it to pay the rent, keep the lights on, feed you family. Finally it arrives! Deposited into your account and then BAM! It's gone. That is a reality for some in the Capital Region.
Student loan debt has reached an all-time high, only second to mortgages.
No wonder no-one I know around my age can buy a house. But it's no surprise. As a part of the generation that was told "college, college, college", we took out the loans, we did what we were told...
My wallet hurts even reading about this! I'd be hard pressed to find anyone I know who doesn't understand credit card debt. Credit cards are like the gift that keeps giving- except with the gifts you also get increased debt. You use it, you pay some off, you use it, you pay some off, you use it, you pay some off, and so on...
Ever wonder what it would be like to live in a city without a police force?
It would most likely be mayhem, but Ford City, Pa., has that as an option because of it's overwhelming debt.
It looks like Puddle of Mudd front man Wes Scantlin has been having a little too much touring and playing music that he has neglected some very important things- like paying taxes. It was recently discovered that the blonde rock star owes a combined California state and federal tax debt of around $60,000.
President Barack Obama said Sunday night that he and Congressional leaders had reached a debt deal that cuts trillions in federal spending. The debt ceiling plan was set to face a vote on Monday in hopes of enacting it before a Tuesday deadline, thus averting default, The New York Times reported.