Category : Search result: federal debt


Federal agents deployed to Portland against state wishes

Federal law enforcement officers have been deployed to Portland, Oregon without state approval, sparking protests and raising serious questions about states' rights and federal overreach in American democracy.

ATO chases decades-old tax debts from Australians

The Australian Taxation Office is aggressively pursuing taxpayers for debts dating back 20+ years, using new powers to recover money many believed was written off. Thousands face unexpected financial shocks.

US Government Shuts Down in Funding Standoff

The US federal government has entered a partial shutdown after Democratic lawmakers refused to support a Republican spending bill, leaving critical services in limbo and hundreds of thousands of workers facing furlough.

HMRC's 'Breathing Space' for 1.4M in Tax Debt

Exclusive: HMRC launches a major new initiative to help over a million individuals and businesses struggling with tax bills, offering flexible payment plans and pausing debt collection.

UK Car Debt Crisis Echoes 2008 Financial Shock

Exclusive analysis reveals British drivers are buckling under a record £70 billion car finance burden, with soaring defaults threatening a 'Great Recession' style economic tremor. Discover the ticking time bomb in the UK's auto loan market.

Australia's £50BN Debt Interest Time Bomb

Australia is facing a severe fiscal crisis as interest payments on its national debt are projected to skyrocket, consuming an ever-larger portion of the federal budget and threatening future economic stability.

Trump's Supreme Court challenge over Fed's Lisa Cook

Former President Trump initiates a Supreme Court battle to block the renomination of Federal Reserve Governor Lisa Cook, setting up a major constitutional confrontation over presidential powers and central bank independence.

Powell Warns: High Inflation to Delay Rate Cuts

Federal Reserve Chair Jerome Powell delivers sobering testimony, indicating prolonged high interest rates as inflation proves more persistent than anticipated, sending ripples through global markets.

Court Upholds Trump's Firing of Fed Governor Lisa Cook

A US appeals court has dismissed Lisa Cook's lawsuit against Donald Trump, ruling the former president had absolute immunity when he fired her from the Federal Reserve Board in 2025. The landmark decision raises serious questions about presidential power

Mum clears £36k credit card debt with simple method

A UK mother reveals her simple but effective 'snowball method' to become debt-free, paying off a staggering £36,000 in credit card debt on an average income. Her story is an inspiration to families struggling with the cost of living.

Debt Collector Hell: Pursued for a Stranger's Bills

A UK man's five-year ordeal with relentless debt collectors over a stranger's unpaid bills exposes a shocking flaw in the system. Discover how to protect yourself from wrongful debt pursuit.

ICE Agent Shot in Critical Condition in Chicago

A US Immigration and Customs Enforcement agent is in critical condition after a targeted shooting in Chicago's West Side. Federal authorities are investigating the brazen daylight attack.

Federal Agents Raid Chicago Suburb in Major Operation

The Chicago suburb of Evanston was the scene of a significant federal law enforcement operation on Monday, with agents from multiple agencies executing a search warrant at a residential property. The nature of the investigation remains undisclosed as auth

UK Welfare Scandal: Govt Apologises for False Debt Claims

Exclusive: A major administrative failure within the UK's welfare system, likened to Australia's 'Robodebt' scandal, has triggered a government apology and a planned compensation scheme for thousands wrongly accused of owing money.

Thames Water crisis deepens as Ofwat rejects 40% bill hike

Britain's largest water company, Thames Water, faces a deepening crisis after regulator Ofwat rejected its plea for a 40% bill increase. The decision raises the spectre of a temporary government takeover as the utility grapples with massive debt and urgen

Thames Water on the Brink: Ofwat Rejects Bailout

Britain's largest water company, Thames Water, faces potential collapse as regulator Ofwat blocks its rescue plan. With debts soaring to £15.6bn, the government prepares for a temporary nationalisation to avert a crisis for 16 million customers.

Ofwat Rejects Thames Water Bailout, Collapse Looms

Britain's water regulator, Ofwat, has dealt a crushing blow to Thames Water's recovery plan, rejecting its plea for higher bills and lenient penalties. This decision pushes the debt-laden utility, serving 16 million customers, closer to a potential govern

Bank forgives £1m debt for terminally ill cancer patient

Bank of Scotland clears £1,000,000 debt for terminally ill cancer patient Ian Pritchard after his emotional appeal went viral. Discover how this act of compassion brought relief to a family facing unimaginable hardship.

UK Economic Crisis as Borrowing Costs Soar to 10-Year High

Britain faces a severe economic storm as government borrowing costs hit alarming highs, sparking fears of a fiscal crisis. Chancellor Rachel Reeves confronts mounting pressure amid market turmoil and Labour's internal reshuffle.

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