Members of the House pushed through a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December.
Senate leaders announced an agreement to extend the government’s borrowing authority into December, temporarily averting an unprecedented federal default that experts say would have devastated the economy.
The government has reneged on promises to investors four times in U.S. history.
Even its serious proponents — who are not that many — call it a gimmick.
The Republican leader is wrong, as the U.S. government continues to borrow heavily to pay for Trump's tax cuts.
Democrats and Republicans are once again in a standoff over a looming debt limit crisis. Congress must raise or suspend the limit on federal borrowing soon or the U.S. government won’t be able to pay its bills. Here we provide the facts on the po
Did a Twitter user named "Becky Lynn Paige" tweet that their parents divorced over $288,000 in debt and "the American medical system"? No, that's not true: There is no evidence that such a Twitter account ever existed, plus the counterfei
In promoting his own spending priorities, President Joe Biden blamed his predecessor’s “unpaid tax cuts and other spending” for increasing the national debt by nearly $8 trillion over four years. The total debt figure is correct, but
The entrepreneur known as “Pharma Bro” once boasted that he paid $2 million in at auction for the album “Once Upon a Time in Shaolin.”
Can President Joe Biden cancel student loan debt with an executive order? Senate Majority Leader Chuck Schumer, D-N.Y., has said in multiple press conferences that Biden can wipe away such debt with a “flick of a pen.” Canceling student deb
In a press conference in which they called on President Joe Biden to use his executive authority to cancel up to $50,000 in federal student loan debt for individuals, Senate Majority Leader Chuck Schumer and Democratic Sen. Elizabeth Warren misstated a
A retiring doctor’s act of generosity earned him national media attention and created an online buzz — while also inadvertently underlining gaps in reporting from some of the news organizations telling his story. Dr. Omar Atiq’s deci
Did the Federal government unsuccessfully attempt to operate the Mustang Ranch brothel in Nevada after seizing over a tax debt? No, that's not true: The U.S. government did seize the famed house of ill repute twice, but in each instance i
On December 8 2020, The Blaze published an article headlined, “Schumer: Biden ‘considering’ cancelation of $50K in student loan debt for every borrower making under $125K a year,” with the subheading, “Translation: A mass
Revelations that President Donald Trump is personally liable for more than $400 million in debt are casting a shadow over his presidency that ethics experts say raises national security concerns he could be manipulated to sway U.S. policy.
The nonpartisan Congressional Budget Office in January forecast rising debt for the rest of President Donald Trump’s presidency and beyond. Yet, Treasury Secretary Steven Mnuchin claimed that before COVID-19 hit, the U.S. was experiencing “
It turns out the Treasury Secretary was talking about projections concerning the debt-to-GDP ratio -- but the assumptions were rosy.
Is it true that President Trump is the only U.S. president to simultaneiously hold records for the biggest stock market drop, the highest national debt, the most members of his team convicted of crimes, and the most pandemic-rela
Nigeria's growing debt to China has sparked a wave of misinformation about how much money the country owes Beijing. A viral Instagram post made several claims, including that Nigeria had borrowed 3 trillion naira ($7.9 billion). But the allegations
Hertz has filed for bankruptcy protection, unable to withstand the coronavirus pandemic that has crippled global travel.
The move is intended to help large and small businesses and local governments weather the coronavirus crisis.
A routine review of content labeled satire.
On February 10 2020, a story about people in Kansas being jailed over medical debt spread on Facebook and Reddit: "You wouldn’t think you’d go to jail over medical bills": County in rural Kansas is jailing people over
Democratic presidential candidate Pete Buttigieg blamed tax cuts backed by President Donald Trump for creating the nation’s debt problem. But while the Congressional Budget Office says those tax cuts are worsening the nation’s debt, spirali
Did House Speaker Nancy Pelosi propose to take all the money out of Social Security to pay the national debt? No, that's not true. The story was published by a liberal satire website that tries to mislead Trump supporters and Republicans into
It may come as a surprise to Americans laboring under mountains of student debt, but the overall household debt burden in America is actually more modest today than it’s been in many years. In fact, experts say, household debt loads seem to be at
Misinformation often continues to live online even after being retracted by its source.
Trump ordered the Education Department to "eliminate every penny of federal student loan debt" owed by American veterans who are completely and permanently disabled.
The issue of “school lunch debt” prompted heated debates in July 2019, thanks in part to an ongoing controversy in Luzerne County, Pennsylvania. The topic of incurring debt for school lunches in the Pennsylvania county came to national att
The Australian Taxation Office (ATO) is warning people about a new scam campaign that uses the cross-platform messaging service, WhatsApp. The post Watch Out for ATO Tax Debt Scams Delivered Via WhatsApp appeared first on Hoax-Slayer.
As the midterm election campaign approaches its climax, the federal deficit has pushed its way back into the political discussion. New government numbers show the deficit is on the rise. The nonpartisan Congressional Budget Office reported that the pre
"You’re crippled with debt one day, and the next it’s all vanished into thin air."
Was Canada able to pay off its entire federal debt one day after legalizing marijuana because of all the extra tax money coming in? No, that's not true: a small Canadian satire website scored a huge viral hit with a fictional article making t
For well over a century Sears dominated the American retailing industry, but it has been on a slow march toward extinction.
This email claims that an entity named the European Debt Recovery Unit is "aware of your sad ordeal about your unpaid fund" and can help you receive the money previously promised to you. The post ‘European Debt Recovery Unit’ Scam Email
The Truth-o-Meter says: Mostly False | Bill Clinton overplays debt following Monica Lewinsky affair Asked about his past in the context of the #MeToo movement, former President Bill Clinton said he did the right thing in the aftermath of the Monica
The Truth-o-Meter says: Mostly True | Will interest on the debt exceed defense spending by 2022? The hotly contested West Virginia primary for a U.S. Senate seat is now over. But it didn’t take more than a few hours for the general election t
The Truth-o-Meter says: Mostly True | Rand Paul gets numbers right in speech on federal debt As the House and Senate were rushing to head off a government shutdown during a late-night session on Feb. 8, Sen. Rand Paul,. R-Ky., was doing everything
The Truth-o-Meter says: False | Donald Trump's misleading linkage between stock gains, debt reduction President Donald Trump raised eyebrows with comments linking stock market gains with declines in the federal debt during two appearances to t
“Trump Made Puerto Rico’s Debt Worse After His Golf Course Filed For Bankruptcy — REPORT” — Headline on Bustle.com, Sept. 27, 2017 “One of Trump’s S—-y Golf Courses Cost Puerto Rican Taxpayers Millions of