Americans are drowning in debt. Here’s where they have it the worst.

Nearly half the residents of Louisiana have debt that has gone into collections, making that state America’s capital of past-due debt, according to a new national map of indebtedness released by the Urban Institute this week. The debt numbers are derived from anonymized consumer-level records shared with Urban’s researchers by a major credit bureau. Unpaid bills that creditors […]

Orrin Hatch just made the Republican agenda startlingly clear

On the Senate floor last week, just hours before Republicans passed a $1 trillion tax cut, Democratic Sen. Sherrod Brown challenged Senate Finance Committee Chair Orrin Hatch: Why were Republicans about to pass tax cuts for corporations and business ownerswhile the Children’s Health Insurance Program remains unextended? Hatch reacted with fury. “Nobody believes more in the CHIP program than I,” […]

The Great Recession Is Still With Us

A decade after it started, the Great Recession has faded into memory. Corporate earnings and the stock market have fully recovered, with the financial sector thriving. The labor market has fully recovered, with middle-class earnings growing and the economy flirting with full employment. The government, at the state, local, and federal levels, has recovered too, and the economy is growing close to what economists […]