At the close of 2020, the interest rate charged on revolved credit card balances averaged 16.3%—a much higher rate than for federal student loans or loans for new or used cars. To help revolving cardholders pay down their debt more quickly, the minimum payment formula should be raised, Jennifer Tescher and Corey Stone argue.
K-12 education routinely ranks among the most pressing issues to voters in state and local elections, but Democrats have remained largely silent on education while their Republican counterparts have run wild on culture war issues in schools. Jon Valant writes that it is well past time for Democrats to start engaging forcefully in this policy realm.
Though there is a lot of policy focus around “distressed” communities, actually defining the term is not clear-cut. Anthony Pipa, Heather Stephens, and Natalie Geismar explore how three federally chartered regional commissions define “distress” and the implications for reaching vulnerable rural communities.
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