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.
A federal appeals court upheld a jury's decision that found President-elect Donald Trump liable for sexually assaulting E. Jean Carroll. Trump was ordered to pay $5 million.
