Displaying items by tag: debt

RALEIGH — One of the nation’s leading financial watchdogs says North Carolina has fared better than most states in terms of balancing its budget, but the picture isn’t all rosy as the state has an average debt burden of $1,400 per taxpayer.

Published in Local News

Debt-ridden North Carolinians were already in trouble. Now, state lawmakers may stop them from swimming out of the red.

Published in Opinion
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RALEIGH — Due to the national public health emergency caused by coronavirus disease 2019 (COVID-19), the U.S. Department of Agriculture today announced the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs administered by the Farm Service Agency.

Published in Local News
Monday, 25 January 2021 10:33

OPINION: Federal bailout will punish our state

Now that Democrats control the White House and both chambers of Congress (however narrowly), they will probably approve a new round of federal borrowing to bail out state and local governments with shaky finances.

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RALEIGH — The UNC System wants to ensure new degree programs prepare students for successful careers.

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RALEIGH — Gov. Roy Cooper is again pushing for a multibillion-dollar infrastructure bond, but Republican leaders caution that North Carolina’s still-unsteady economy makes it impossible to tell whether it would be prudent.

Published in Local News

Gen Z is growing up fast. With the older end of the “Zoomer” generation now in their early- to mid-twenties, many are finishing their undergraduate degrees and moving on to grad programs before trying their luck in the workforce. Others are just beginning their college careers.

Published in Opinion
Wednesday, 05 February 2020 14:24

State treasurer warns against taking on new debts

RALEIGH — North Carolina should avoid borrowing billions, even though the state’s “credit card limit,” a recent study says, is more than $11 billion over the next decade.

Published in Local News

RALEIGH — To bear the burden of expanding Medicaid, states rely on Uncle Sam to pick up 90% of the costs. So far, the federal government hasn’t failed. But how sustainable is the Medicaid program, really?

Published in Local News
Monday, 22 April 2019 11:09

COLUMN: Excessive debt slows economic growth

New research by two North Carolina State University professors has brought into stark relief the following facts: America is in a debt crisis, our economy is suffering as a result, and politicians of both major political parties bear responsibility.

Published in Opinion
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