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As the U.S. Department of Education reignites its machinery for “involuntary collections,” we find ourselves on the precipice of a financial catastrophe dubbed the “default cliff.” This isn’t just a minor inconvenience for millions of Americans; it poses a staggering threat to their financial stability and creditworthiness. The uptick in student loan delinquencies isn’t just
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As Republicans in the Senate fervently push to pass President Donald Trump’s ambitious spending bill, significant elements of the proposed legislation, particularly the child tax credit, appear poised for alteration amid complex negotiations between the Senate and the House. This ongoing tug-of-war encapsulates a profound shortcoming in American fiscal policy, where the needs of the
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In an age where conversations surrounding wealth distribution and economic opportunity are more critical than ever, the introduction of “Trump Accounts” by the Senate raises plenty of eyebrows. This newly proposed savings scheme, designed for children under the age of eight, comes with a government-backed initial deposit of $1,000. While its proponents claim that these
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