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News & Articles By Arsenio Toledo
11/14/2024
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By Arsenio Toledo
New York City to stop providing illegal immigrants with prepaid debit cards
New York City (NYC) will no longer be providing illegal immigrants with prepaid debit cards. The program for providing migrants who stay in city-funded hotels with prepaid debit cards to purchase their own food and other necessities involved around 2,600 migrant families and was started back in February. The pilot phase of this program has cost […]
10/03/2024
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By Arsenio Toledo
Head of Haiti’s interim government calls for reparations at the United Nations
The head of Haiti’s Transitional Presidential Council (TPC) addressed the United Nations General Assembly (UNGA) on Sept. 26 to demand “historical reparations” for his country. TPC Chairman Edgard Leblanc Fils used his time speaking before the UNGA to appeal for “global solidarity,” claiming that, as the world’s first independent Black nation, Haiti “is today the greatest […]
08/20/2024
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By Arsenio Toledo
Fitch downgrades Israel’s credit rating as investors worry about war in Gaza dragging on
American financial services and credit ratings agency Fitch has once again downgraded Israel’s credit rating, bringing the country down from “A-plus” to “A” on Aug. 12, citing increased geopolitical risks as the conflict in Gaza drags on and fears of Tel Aviv escalating tensions with Iran, Lebanon and Yemen increase. Fitch is keeping its outlook […]
07/11/2024
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By Arsenio Toledo
Health insurance companies overcharged Medicare by over $50 BILLION for fake illnesses
A report from the Wall Street Journal has found that private health insurance companies running Medicare Advantage programs have overcharged the federal government by up to $50 billion by claiming that their patients are worse off than they actually were. Medicare Advantage, also known as Medicare Part C, is a program in which private insurers provide […]
03/14/2024
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By Arsenio Toledo
Biden’s budget request for fiscal 2025 includes $12 billion for student loan forgiveness
President Joe Biden has unveiled his proposed budget for the 2025 fiscal year, set to begin on Oct. 1, and in it, he is calling for $12 billion in spending to forgive student loans. The proposed $12 billion is set to go to a new federal program called Reducing the Costs of College Fund that […]
02/15/2024
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By Arsenio Toledo
Credit card and auto debt DELINQUENCIES are SOARING, especially among younger Americans
New data from the Federal Reserve Bank of New York has found that credit card and auto debt delinquencies in the United States are soaring, especially among Americans aged 18 to 39. The Household Credit Report from the New York Fed’s Center for Microeconomic Data found that aggregate household debt balances rose by $212 billion, […]
01/05/2024
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By Arsenio Toledo
Government debt surpasses $34 TRILLION mark just FOUR MONTHS after it hit $33 trillion
The total public debt of the United States has surpassed the $34 trillion mark for the first time in the nation’s history. The Department of the Treasury confirmed the historic event on Tuesday, Jan. 2, just as members of the divided Congress gear up for another series of political battles over government spending. (Related: House passes record […]
12/18/2023
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By Arsenio Toledo
House passes record $886 BILLION defense spending bill
The U.S. House of Representatives has passed a record-breaking $886 billion defense appropriations bill despite strong objections from certain Republican members of the House. The National Defense Authorization Act (NDAA) passed the House with 310 congressmen voting in favor and 118 voting against, successfully clearing the two-thirds majority required to pass the measure and send it straight […]
11/20/2023
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By Arsenio Toledo
Germany to DOUBLE its military aid spending for Ukraine in 2024
The government of Germany has announced its plan to “expand and increase” the support it provides for Ukraine amid the country’s ongoing conflict with Russia. This was announced by German Minister of Foreign Affairs Annalena Baerbock, who made the pronouncement during a meeting with her counterparts in the European Union in Brussels on Monday, Nov. […]
11/16/2023
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By Arsenio Toledo
Congress passes ANOTHER stopgap spending bill, delaying long-term solution to budget crisis
The House of Representatives has passed another stopgap funding bill, once again delaying a long-term solution for the government budget and making the possibility of a government shutdown more likely. By a vote of 336 to 95, with 209 Democrats and 127 Republicans supporting it, the House passed another stopgap government funding bill. Ninety-three Republicans […]
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