Nolte: Credit Card, Car Note Defaults Hit Ten-Year High
It’s been more than ten years since we’ve seen figures this high.

It’s been more than ten years since we’ve seen figures this high.
The Biden administration is offering student loan borrowers an “on ramp” that will allow them to avoid payments for yet another year.
During portions of an interview with NBC News Business and Data Reporter Brian Cheung aired on Tuesday’s broadcast of “NBC Nightly News,” Education Secretary Miguel Cardona stated that because “many” borrowers “are going to struggle” to make payments on their
The cost to taxpayers of Biden’s student loan scheme could be as high as $558 billion, according to the Penn Wharton budget model.
After the bigger loan forgiveness program was rejected by the Supreme Court, the Biden administration is looking for other ways to let borrowers off the hook for student loans.
Americans’ confidence in higher education is “down sharply” across all major subgroups, with Republicans leading the charge.
Mere weeks after the U.S. Supreme Court struck down President Joe Biden’s student loan forgiveness bailout scheme — ending a roughly $430 billion debt write-off — a Job Creators Network Small Business survey found that 73 percent of U.S. small business owners oppose the now-deemed unconstitutional plan.
On Monday’s broadcast of CNBC’s “Squawk Box,” CNBC Contributor and former Sen. Heidi Heitkamp (D-ND) stated that the government has used student loans to make taxpayers finance exorbitant increases in college tuition and Congress has to work on that issue.
On Monday’s broadcast of CNBC’s “Squawk Box,” CNBC Contributor and former Sen. Heidi Heitkamp (D-ND) responded to Democrats complaining about the Supreme Court’s decision on President Joe Biden’s student loan plan by stating that the ruling “is all about Article
Disney’s “She-Hulk” star Mark Ruffalo is pleading with his followers to “organize the vote” after the U.S. Supreme Court overturning affirmative action in college admissions, and in a separate ruling, struck down President Joe Biden’s student loan forgiveness plan, ending a $430 billion debt write-off that critics said had been a midterm election gimmick Biden knew was unconstitutional.
On Friday’s “ABC News Prime,” ABC News Business Reporter Alexis Christoforous stated that the Supreme Court’s decision striking down President Joe Biden’s student loan transfer plan means that taxpayers will no longer “be footing the bill” for student loan debt
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks said that while he agrees with transferring student loan debt, “there’s no way” President Joe Biden’s plan was constitutional and President Joe Biden and other Democrats had that concern at
On Friday’s broadcast of “CNN Primetime,” Rep. Ro Khanna (D-CA) responded to previous arguments from President Joe Biden and then-House Speaker Rep. Nancy Pelosi (D-CA) that the President can’t unilaterally transfer student loan debt by stating that the HEROES Act
On Friday’s broadcast of “CNN Tonight,” Arne Duncan, who served as Education Secretary under President Barack Obama argued that President Joe Biden was justified in using the HEROES Act in an unsuccessful attempt to legally implement his student loan plan
The Supreme Court just gave a boost to the Federal Reserve’s efforts to tame inflation.
Chief Justice John Roberts cited former House Speaker Nancy Pelosi in the Supreme Court’s decision Friday to toss out President Joe Biden’s plan to cancel hundreds of billions of dollars in student loans at the expense of U.S. taxpayers.
On Friday’s “CNN News Central,” CNN Chief Business Correspondent Christine Romans discussed President Joe Biden’s student loan plan that was struck down by the Supreme Court and noted that the plan was really “taxpayers paying off all this student debt,
A program meant to increase diversity and access for graduate schools did neither. Universities just raised their tuition to soak up additional money borrowed.
During an interview aired Friday’s broadcast of “The Issue Is,” Rep. and U.S. Senate candidate Barbara Lee (D-CA) stated that negotiations over an agreement to raise the debt limit were “lose-lose” for President Joe Biden and she voted against the
On Wednesday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Rep. Ro Khanna (D-CA) stated that he will vote against the bill to raise the debt limit and criticized the bill because people are going to have to start repaying their student
The Education Department is “preparing to restart” federal student loan debt payments after a three-year pause during the pandemic.
A majority of Americans believe college is “Not worth the cost because people often graduate without specific job skills and with a large amount of debt to pay off,” a Wall Street Journal-NORC poll found.
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks said that while he agrees with the part of President Joe Biden’s student loan program for Pell Grant recipients, the Supreme Court should strike the program down because the President
On Friday’s broadcast of HBO’s “Real Time,” Sen. Bernie Sanders (I-VT) stated that he doesn’t know anything about a survey showing that 73% of applicants for President Joe Biden’s student loan plan said they are likely to spend the money
Texas Republican Chip Roy delivered a scathing speech addressing his party’s inaction over the economy and border security, while reprimanding fellow lawmakers for not living up to their campaign promises.
Joe Biden’s attempt to transfer student debt appears likely never to move forward even if the Supreme Court dismisses the current challenges because the authority he cites will expire when he ends the national coronavirus emergency declaration this spring.
On Tuesday’s broadcast of MSNBC’s “Morning Joe,” Education Secretary Miguel Cardona discussed the legal battle over the Biden administration’s student loan debt program in front of the Supreme court and argued that the plan is “pandemic-related relief” that is “based
On Tuesday’s broadcast of “CNN This Morning,” Education Secretary Miguel Cardona argued that the administration can argue that the coronavirus pandemic is an ongoing crisis even after President Joe Biden declared the pandemic “over” because the current situation “doesn’t mean
On Tuesday’s broadcast of “CNN This Morning,” Education Secretary Miguel Cardona responded to statements by President Joe Biden that he can’t write off $50,000 of student loan debt unilaterally and then-House Speaker Rep. Nancy Pelosi (D-CA) in 2021 that the
Blocking Biden’s student loan bailout process will be a significant victory for minorities and all Americans who want to fix higher education.
On Wednesday’s broadcast of the Fox Business Network’s “Kudlow,” Rep. Byron Donalds (R-FL) reacted to President Joe Biden’s extension of the student loan pause by stating that “Congress has to do its job and actually go back in and unwind
President Joe Biden’s administration announced on Tuesday that the pause on student loan payments will be extended until “no later than June 30, 2023,” while the legality of Biden’s attempted debt transfer is determined by federal courts.
A federal judge in Texas on Thursday declared President Joe Biden’s student loan forgiveness program unlawful, dealing another blow to the Biden administration’s attempted wealth transfer.
On Monday’s broadcast of the Fox Business Network’s “Evening Edit,” Rep. Beth Van Duyne (R-TX) criticized President Joe Biden for attacking large corporations while his student loan program incentivizes tuition hikes by universities with gigantic endowments and argued that if
Wisconsin Republican Sen. Ron Johnson, during Friday night’s debate with Democrat Mandela Barnes, slammed President Joe Biden’s student loan forgiveness scheme.
On Monday’s broadcast of CNBC’s “Squawk Box,” White House Council of Economic Advisers member Jared Bernstein stated that forgiving student loans does put a log on the fire of demand and inflation, but it’s canceled out by restarting payments on
On Friday’s broadcast of the Fox News Channel’s “America Reports,” Rep. Raja Krishnamoorthi (D-IL) said he has “a problem” with President Joe Biden’s student loan program because it ignores vocational programs while pushing a focus on four-year colleges and schools.
JPMorgan Chase CEO Jamie Dimon knocked President Joe Biden’s student loan forgiveness, charging it will do little to fix the ongoing problem.
On Tuesday’s broadcast of the Fox Business Network’s “Fox Business Tonight,” Sen. Marsha Blackburn (R-TN) stated that as people have less money due to inflation, “you have these PhDs and these doctors that are getting their loans paid off.” Blackburn
Voters say they are less likely to vote for a candidate who supports President Joe Biden’s plan to cancel a chunk of student loan debt to qualifying individuals, a Convention of States Action/Trafalgar Group survey released this week found.