Tag #Us Economy

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Record High US Credit Card Debt: \$1.17 Trillion and Rising

American credit card debt has reached a record \$1.17 trillion, with average debt per cardholder nearing \$8,000, driven by inflation and high interest rates averaging above 23%; many cardholders make costly mistakes in managing their debt.

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36% Bias Score

Reduced Inequality
abcnews.go.com
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2025 Mortgage Rates Projected Above 6%, Posing Affordability Challenges

Multiple economists forecast 2025 average 30-year mortgage rates to remain above 6%, ranging from 6% to 6.8%, influenced by President-elect Trump's potential policies impacting inflation and the national debt, creating affordability challenges for homebuyers despite increased home inventory.

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40% Bias Score

Reduced Inequality
edition.cnn.com
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Walgreens Explores Privatization Amid US Pharmacy Industry Crisis

Walgreens, facing financial difficulties and decreased profitability, is reportedly considering going private amid a wider struggle in the US pharmacy industry that disproportionately affects minority communities, and is marked by decreased prescription drug reimbursement rates and increased online ...

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40% Bias Score

Good Health and Well-being
apnews.com
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Trump's Return: A Seafood Industry on the Brink

President-elect Trump's incoming administration is poised to reshape the U.S. seafood industry, with potential benefits for fishermen but risks of escalating trade wars and reduced conservation measures, according to industry stakeholders and analysts.

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40% Bias Score

Zero Hunger
cbsnews.com
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US Credit Card Debt Reaches \$1.17 Trillion Amidst Record-High Interest Rates

US credit card debt hit \$1.17 trillion in Q3 2024, up \$30 billion from Q2, averaging \$8,000 per cardholder, driven by record-high interest rates and increasing delinquencies, highlighting the urgent need for effective debt management strategies.

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40% Bias Score

No Poverty
abcnews.go.com
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"Trump's Return: Boon or Bane for US Seafood Industry?"

"President-elect Trump's return is expected to bring significant changes to the US seafood industry, potentially increasing prices for consumers due to trade conflicts, while the industry anticipates deregulation and support for domestic fishing; however, conservationists fear jeopardized fish stock...

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56% Bias Score

Zero Hunger
npr.org
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Trump Tariffs Divide Businesses: Protection vs. Increased Costs

President Trump's proposed tariffs are creating a rift among American businesses, with some celebrating potential protection from foreign competition while others anticipate increased costs and decreased sales, impacting consumer prices.

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44% Bias Score

Decent Work and Economic Growth
edition.cnn.com
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Trump Import Tax Hikes to Increase Prices for American Consumers

The incoming Trump administration's proposed import tax increases will lead to higher prices for various consumer goods, including shoes, toys, food, and electronics, significantly impacting American households, particularly lower-income ones, according to new research.

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48% Bias Score

Reduced Inequality
abcnews.go.com
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Trump Sides with Dockworkers, Opposing Port Automation

President-elect Trump voiced support for the International Longshoreman's Association (ILA) union, opposing port automation before their January 15 contract deadline with the U.S. Maritime Alliance, citing potential job losses and emphasizing the need to prioritize American workers over cost savings...

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52% Bias Score

Decent Work and Economic Growth
cbsnews.com
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Trump Tax Cuts Expiration Looms: Potential for Major Tax Increases in 2026

The 2017 Tax Cuts and Jobs Act provisions, including individual tax brackets and standard deductions, are set to expire in 2025, potentially resulting in tax increases for over 60% of taxpayers in 2026 unless Congress extends them, creating a significant political and economic challenge for the inco...

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40% Bias Score

Reduced Inequality
nbcnews.com
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US Economy Strong, but Trump Policies Pose Risks

Moody's Analytics projects a strong US economy in 2023, but warns of potential negative impacts from President-elect Trump's planned immigration and tariff policies, citing potential job losses and price increases on various consumer goods.

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40% Bias Score

Decent Work and Economic Growth
forbes.com
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U.S. Quit Rate Plummets to 2015 Levels, Raising Stagnation Concerns

The U.S. voluntary quit rate fell below 2% in September 2024, the lowest since 2015 excluding a brief COVID-19 dip, prompting concerns about potential stagnation despite positive factors like improved job satisfaction and benefits.

Progress

16% Bias Score

Decent Work and Economic Growth