debt

Arkansas

Legislative panel OKs $25 million for Arkansas water systems • Arkansas Advocate

The Arkansas Agriculture Department’s Natural Resources Division will distribute more than $25 million in loans and grants to public water systems throughout the state, pending further legislative approval. The Arkansas Legislative Council’s Performance Evaluation and Expenditure Review (PEER) subcommittee approved the money Tuesday for the third year of a five-year, federally-funded program, the Drinking Water State […]

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Mayor

Chicago Mayor Johnson Campaign Plans Collide With $538M Budget Deficit

Chicago Mayor Brandon Johnson is set to reveal his 2024 budget on Wednesday, which will be a delicate balancing act between his campaign promises and the city’s financial realities. Rising crime, a half-a-billion dollar deficit, a $35 billion pension hole and soaring costs to care for the more than 18,000 migrants who have arrived in […]

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Mayor

Miami’s ‘Bitcoin’ Mayor Suarez Doubles Wealth, Buys Boat as Side Jobs Multiply

Miami Mayor Francis Suarez makes $126,000 working for the city, converting it into crypto. Despite last year’s market rout, the 45-year-old Republican’s net worth more than doubled to $3.5 million. Suarez was able to pay off almost $1.7 million in debt from the end of 2021, according to regulatory filings. He also acquired new real […]

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Alabama

Justin Bogie: How Washington’s looming debt limit fight could impact you | News | #republicans | #Alabama | #GOP

The federal government expects to reach the statutory debt limit this Thursday, setting up another high-profile political showdown in Washington, the first real test for the newly elected Republican House majority. The debt limit represents the total amount of money the federal government can borrow to meet its existing obligations, including benefit programs such as […]

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Alabama

GOP rep: US defaulting on national debt a ‘real threat’ | #republicans | #Alabama | #GOP

Rep. Don Bacon (R-Neb.) said the possibility of the U.S. defaulting on its national debt is a “real threat” as lawmakers grapple with a fast-approaching breach of the debt limit. “I think it is a real threat that both sides have to take serious,” Bacon said on ABC’s “This Week” in an interview with Jonathan […]

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City Council

Hoover City Council eyes $60 million to $90 million bond issue | #citycouncil

The Hoover City Council on Tuesday plans to vote on whether to authorize an investment banking firm to prepare documents so the city can borrow an estimated $60 million to $90 million for a new interstate interchange, performing arts center and other capital projects. Council members still are contemplating exactly how much money they want […]

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Arkansas

Arkansas’ student debt cancellation explained

Data: Federal Student Aid; Note: Includes outstanding principal and interest balances from Direct Loans, Federal Family Education Loans and Perkins Loans; Table: Simran Parwani/Axios ICYMI, President Joe Biden announced plans to cancel some student debt for most borrowers. Catch up quick: Biden says he’ll knock $20,000 off the student loan bills for Pell Grant recipients […]

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Alabama

Most of Alabama congressional delegation opposes Biden’s student loan forgiveness plan | Alabama | #republicans | #Alabama | #GOP

(The Center Square) – Alabama’s federal elected officials are weighing in on President Joe Biden’s announcement on student loan forgiveness. The plan, President Biden announced Wednesday afternoon, calls for forgiving $10,000 in federal student loan debt that is owed by those earning less than $125,000, which one group, the Committee for a Responsible Federal Budget, […]

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Mayor

Mayor: ‘Memorial Day comes with a debt’ |

RIVERSIDE — Riverside Mayor John LaMotte had a message for those gathered at the 57th Riverside-Rush Township Memorial Day Service on Sunday. “Memorial Day comes with a debt, for every free breath we get to take,” referring to sacrifices of those who have served our nation. Followed by an invocation from Mr. Sam Barney and […]

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