American credit card defaults have surged to the highest levels since the aftermath of the 2008 financial crisis, as consumers continue to grapple with years of high inflation. In the first three quarters of 2024, credit card lenders wrote off $46 billion in delinquent loan balances, marking a 50 percent increase from the same period last year. These write-offs, considered a highly monitored measure of loan distress, are the highest since 2010, according to industry data gathered by BankRegData.
In a letter addressed to Nora Vargas, the outgoing chair of the San Diego County Board of Supervisors, senior counsel at the America First Legal Foundation (AFL) made it clear that illegals in the U.S. will be removed under the upcoming administration.
An Alaska Airlines flight experienced significant turbulence while approaching Phoenix during the bustling holiday travel season, resulting in injuries to several crew members and one passenger, according to an airline spokesperson.
Alan Dershowitz, Harvard law professor emeritus, told Newsmax on Sunday that Hamas is likely to release a small number of American hostages before President-elect Donald Trump’s inauguration on January 20. Speaking on Sunday Report, Dershowitz predicted this move as a symbolic gesture toward Trump but emphasized it would not halt the ongoing conflict in the Middle East.
Rep. Michelle Steel, R-Calif., is under consideration to serve as the U.S. ambassador to South Korea in President-elect Donald Trump’s administration. Steel, the first Korean-American woman elected to Congress, recently lost her reelection bid by a narrow 604-vote margin. Discussions about her appointment come amid heightened interest in South Korea due to significant political upheaval.
