Truthout
Economy
Mitch McConnell’s Condemnation of Debt Relief Is Dripping With Hypocrisy
Biden’s debt relief plan is not nearly enough, but it is a key step. Of course, Republicans are decrying it as “unfair.”
Corporate Profits Surge to an All-Time High of $2 Trillion
As new federal data shows record-breaking profits, the vast majority of us are hit hard by corporate price-gouging.
Cancel It All: An Interview With Astra Taylor on the Call for Full Debt Relief
Taylor debunks cynical arguments against debt cancellation, including Mitch McConnell's complaints about Biden's action.
Biden Announces Long-Awaited Plan to Cancel Up to $20K in Student Debt
The president also said he is extending the student loan payment pause “one final time” until December 31.
Progressives Tell Biden to Cancel All Student Debt as He Weighs $10k Plan
“End this silly nonsense of exploiting our children and grandchildren,” wrote Rashida Tlaib. “End student debt now.”
Medically Vulnerable Families Among Those Hit Hardest by Soaring Inflation
Inflation is particularly detrimental to the health of low-income patients.
Debt Activists Are Planning to Strike If Biden Doesn’t Extend Payment Pause
Fifty debtors over 50 years old are planning to hold a debt strike. Together, their loans are worth over $6 million.
Fed Meeting Minutes Show the Bank May Unleash Mass Unemployment, Economists Say
Continued interest rate hikes “risk a recession throwing millions out of work,” a pair of experts warned.
After Starbucks Fires Union Leader, Workers Strike for His Reinstatement
The firing of the longtime employee was a breaking point for many whose frustration with the company had been building.
Poll Finds 3 in 4 Voters Want to Expand Social Security by Taxing the Rich
Republicans are angling to cut Social Security, threatening seniors with poverty or unretirement.