US borrowing costs hit 19-year high as Fed holds interest rates

US government borrowing costs have hit their highest level since 2007 after the Federal Reserve voted to hold its key interest rate steady, feeding fears that the central bank may not move fast enough to tame a rise in inflation...

 https://www.theguardian.com/business/2026/jul/30/us-borrowing-costs-19-year-high-fed-holds-interest-rates 

CFPB accuses Capital One of ‘cheating’ customers on interest rates - The Washington Post

The Consumer Financial Protection Bureau sued the bank, alleging that it avoided paying more than $2 billion in interest by misleading savings account holders...

https://www.washingtonpost.com/business/2025/01/14/cfpb-capital-one-savings-interest/

'Trump owes $17 in interest PER SECOND in legal judgments'

https://www.youtube.com/shorts/LnyEfibGRU0 

Biden administration reaches out to borrowers about proposal to cancel as much as $20,000 in accrued interest - The Washington Post

The proposed plan provides partial or full debt relief to borrowers in four circumstances: those who owe far more than they originally borrowed because of interest; those who have been paying for at least 20 or 25 years; those who attended career training programs that led to high debt loads or low earnings; and those who are eligible for existing forgiveness programs but never applied...

https://www.washingtonpost.com/education/2024/07/31/biden-student-debt-relief/

Money is 'A Made Up Thing' — but that doesn't change rising inflation (Dave Davies; Fresh Air podcast)

The Federal Reserve is currently engaged in a battle to bring down the nation's inflation rate, which has been rising steadily since 2021. Journalist Jacob Goldstein says the Fed's ultimate goal is to slow inflation by raising interest rates — while also avoiding a recession...

Interview: 

https://www.npr.org/2022/10/12/1128248994/planet-money-jacob-goldstein-inflation-fed

How much you need to save to earn $60,000 a year in interest

An “interest only” retirement plan removes one of the biggest fears about life after leaving your job: Will my money outlast me? Because if you can save enough money now, you can fund your retirement by living off your returns without ever touching your nest egg. ....
https://www.cnbc.com/2020/01/31/how-much-you-need-to-save-to-earn-60000-a-year-in-interest.html

Here's the biggest untold story about how we pay for government - Raw Story

The biggest untold story about how we pay for government involves a big switcheroo by America's wealthy. Decades ago, wealthy Americans financed the federal government mainly by paying taxes. Their tax rate was far higher than what it is today. Now, wealthy Americans finance the federal government mainly by lending it money, and collecting interest...
https://www.rawstory.com/2019/01/heres-biggest-untold-story-pay-government/

Should You Pay Off Your Mortgage? The New Tax Law Changes the Math - The Wall Street Journal

Now is the time to find out if the new tax law means you are one of the millions of Americans who will no longer be able to deduct their monthly mortgage interest payments. ....
https://www.wsj.com/articles/should-you-pay-off-your-mortgage-the-new-tax-law-changes-the-math-1527845403

Despite Trump Campaign Promise, Billionaires’ Tax Loophole Survives Again — ProPublica

From early in the 2016 presidential campaign, Donald Trump swore he'd do away with the so-called carried-interest loophole, the notorious tax break that allows highly compensated private-equity managers, real estate investors and venture capitalists to be taxed at a much lower rate than other professionals. ...
https://www.propublica.org/article/despite-trump-campaign-promise-billionaires-tax-loophole-survives-again#136554

The Five Most Outrageous Things Buried in the GOP’s Tax Bill -- The Daily Beast

The unveiling of the Tax Cuts and Jobs Act—née the "Cut Cut Cut Cut Act"—was pitched by Republican lawmakers on Thursday as a final step in their lengthy journey to deliver long-promised relief to American taxpayers. The legislation, which would slash taxes for corporations by $1 trillion in its first 10 years and radically cut taxes for heirs to large family fortunes, was framed by House Speaker Paul Ryan as "real relief for people in the middle—and people who are also striving to get there."
https://www.thedailybeast.com/the-five-most-outrageous-things-buried-in-the-gops-tax-bill

The 5 Most Controversial Provisions In The House GOP Tax Bill -- TPM

House Republicans unveiling their 429-page tax reform bill Thursday morning promised it would bring simplicity and prosperity to all. "On net, everyone's better off," Rep. David Brat (R-VA) enthused to reporters in the hallway outside the room where lawmakers were briefed on the bill. But like the current tax system, the House GOP plan would have winners and losers. ....
http://talkingpointsmemo.com/fivepoints/the-5-most-controversial-provisions-in-the-gop-tax-bill

Ryan loses key ally on tax reform after switch on breaks for homeowners -- POLITICO

Tax breaks for homeowners have long been one of the flashpoints of any attempt to rewrite the nation's tax laws. ....
https://www.politico.com/story/2017/10/28/home-builders-gop-tax-plan-244272?cid=apn

Student Loan Giant Faces Trial Over U.S. Claim It Duped Borrowers -- Bloomberg

Student loan giant Navient Corp., the industry's largest, has suffered a pair of courtroom defeats in its attempt to block government lawsuits alleging borrowers had been mistreated. The losses come in a trio of lawsuits filed in January by the U.S. Consumer Financial Protection Bureau and state attorneys general of Washington and Illinois. They collectively allege Navient mistreated hundreds of thousands of student debtors by taking shortcuts to minimize its own costs, while adding what the CFPB said was as much as $4 billion in interest charges to borrower loan balances.....

https://www.bloomberg.com/news/articles/2017-08-07/navient-can-t-block-u-s-claim-it-duped-student-debtors