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.
BioNTech has entered into two separate settlement agreements with the U.S. National Institutes of Health and the University of Pennsylvania regarding royalty payments for its COVID-19 vaccine.
Michigan's population has seen an uptick over the past year, primarily driven by international migration, according to data released by the U.S. Census Bureau. The new 2024 vintage numbers suggest that the state will maintain all 13 of its current Electoral College votes in the 2030 reapportionment, despite previous concerns about potential losses.
President Joe Biden's administration has announced it will abandon efforts to implement key regulations concerning transgender student athletes and student loan forgiveness, signaling the first steps in a broader plan to prevent President-elect Donald Trump from reworking these initiatives once he takes office.
Senator Rand Paul (R-KY) told the Washington Examiner that he plans to hold former National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci accountable for his involvement in gain-of-function research.
Americans traveling during the holidays could face longer wait times at airports if a partial government shutdown happens, the Transportation Security Administration (TSA) warned on Thursday.
