Debt

Unemployment lines
Wikimedia

State officials have paid down $2.8 billion owed to the federal government. The debt came from money used to pay unemployment benefits during the recession.

That debt climbed to $2.8 billion in early 2013. Months later, lawmakers then passed controversial House Bill 4, which did the following:

Janet Cowell
nctreasurer.com

North Carolina’s 2015 Debt Affordability Study shows the state is ready to begin issuing debt again and making big investments.

State Treasurer Janet Cowell says the Debt Affordability Study shows the General Fund has the capacity to take on $700 million a year and Transportation debt capacity is $1 billion.

A picture of a calculator and a balance sheet.
Kenteegardin / Flickr

Banks, businesses and non-profits are joining forces to help North Carolianians take control of their money.

A report from the finance web site WalletHub found that the Tar Heel State ranks in the bottom-third nationally for financial literacy.

Jan Dillon is the director of the new North Carolina Center for Financial Literacy.  She said financial literacy is knowing the skills to live comfortably within one's means, like budgeting, saving and planning.

North Carolina's delegates in the US Senate and House of Representatives have released statements about Syria.  This photo shows a joint session of Congress in 2009.
Lawrence Jackson, whitehouse.gov.

  

Wednesday night, the House of Representatives overwhelmingly voted to end the government shutdown and raise the debt ceiling.

Some prominent North Carolinians are joining a national campaign to "Fix the Debt". North Carolina's "Fix the Debt" campaign hopes to set a bipartisan example with former Republican governor Jim Holshouser and former Democratic governor Jim Hunt standing side-by-side.

Jim Hunt: "Everyone in Washington worthy of representing the American people must be willing to compromise."

President Obama brought his message of affordable education for all to the Tar Heel State as part of a day-long college tour.

Gurnal Scott: University of North Carolina juniors Maria Rodriguez, Emalyn Penn and Mariella Albarado sat together at UNC's Carmichael Arena hoping for specific words to come from the President.

Maria Rodriguez: I want to hear him say that there are going to be cheap student loans. That's exactly what I want to hear him say.

Fiscal policy experts and money managers came together today at UNC-Chapel Hill to debate the country’s impending debt crisis. 

U.S. Senator Kay Hagan told the crowd – it’s time for shared sacrifices as the country gets close to hitting its 14-point-3 trillion dollar debt ceiling.

Kay Hagan:  "And I think that’s where the public is going to have to get involved and say, you know, Washington, it’s time to put those partisanship battles aside, this is serious stuff."

North Carolina's U.S. senators say they're on board with a new proposal to decrease the national debt. A bipartisan proposal released Tuesday from a group of six senators would attempt to cut the deficit by $4 trillion over the next decade. The plan from the so-called "Gang of Six" cuts spending from the defense budget, Medicare and Medicaid. It also increases some tax revenues. Democratic Senator Kay Hagan says she supports the proposal.

Members of Congress from North Carolina are weighing in on the talks in Washington about the debt ceiling. The country could default on its debt after August 2nd if a deal isn't reached between Congress and the White House. Much of the impasse centers around taxes. Second district Representative Renee Ellmers says she is with her Republican colleagues who say tax increases are off the table.