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.
Jimmy Carter, the 39th president of the United States and Nobel Peace Prize laureate, passed away at 100 years old on December 29, 2024, in his hometown of Plains, Georgia.
The Middle East stands at a pivotal crossroads. Iran, emboldened by its nuclear advancements, poses an existential threat not just to Israel but to global stability.
The recent seizure of 61 tons of drugs and the arrest of over 7,000 individuals by Mexican authorities has sparked both praise and criticism. While the operation is one of the largest in recent history, questions are being raised about the long-term effectiveness of such tactics in addressing the root causes of drug trafficking.
New York will fine fossil fuel companies $74 billion over the next 25 years for environmental damage. The bill creates a "Climate Superfund" that supports state projects bolstering its environmental agenda.
Haitian gang violence claimed the lives of two journalists and a police officer during a press conference on Tuesday at Haiti’s largest public hospital, highlighting the ongoing instability in the nation’s capital.
During a recent interview on Face The Nation, Homeland Security Secretary Alejandro Mayorkas faced tough questions from host Margaret Brennan regarding the tens of thousands of unaccompanied minors who have crossed the U.S.-Mexico border in recent years.
Nora Vargas, Chair of the San Diego County Board of Supervisors, made a surprising announcement on Friday, stating she would not serve a second term due to concerns for her "personal safety and security." Despite winning re-election in November with 62.5% of the vote, Vargas announced via email:
The Wall Street Journal made a startling revelation on Thursday, confirming what many had suspected for years: President Joe Biden's mental decline has been a well-kept secret, and his aides worked to shield the public from his deteriorating condition. The bombshell report sheds light on Biden's cognitive struggles, particularly during the chaotic and deadly U.S. withdrawal from Afghanistan in 2021.
Texas Governor Greg Abbott announced a new billboard campaign in Mexico and Central America aimed at discouraging illegal immigration by highlighting the dangers migrants face, including sexual assault.
