Debt

US national debt tops $40 trillion for first time, doubled under presidents Trump, Biden

The federal government's IOU has now more than doubled in less than a decade, from $19.95 trillion when US President Donald Trump was sworn in for the first time in January 2017.

The US Department of the Treasury Building in Washington, DC, US, July 11, 2026.
Electricity poles

NIS 75M on the way to our pockets: The offset that will affect electricity bills

Governor of the Bank of Israel Amir Yaron speaks during a press conference at the Bank of Israel offices in Jerusalem, on January 2, 2022.

Next Israel government must halt rise in debt burden, central bank chief says

 Several haredim (ultra-Orthodox Jews) are seen walking around Jerusalem's Geula neighborhood.

The cost of Jewish life is pushing families into debt - opinion


Insolvency in Israel rises in last two months by 30%

“Unlike previous coronavirus waves, small businesses are not receiving immediate assistance from the government and do not have the financial oxygen to wait another two months to receive assistance.”

Illustrative photo of Israeli money

Why aren’t American Jews talking more about student debt relief? - opinion

Shmita: What if we were to apply this one-in-every-seven year debt release to student loans? What if, every seven years, loan servicing providers had to forgive debt?

 Students at Tel Aviv University on October 10, 2021.

Shraga Brosh companies seek stay of proceedings

58 workers from a company site at Nof Hagalil filed an urgent request in the court to oblige the company to pay within 48 hours wages due to them since November 2021.

 Carpet

Israel saw 38% increase in bankruptcy filings in 2020

It is clear that people whose salary is about NIS 6,000 to NIS 7,000 per month cannot repay loans of hundreds of thousands of shekels, the repayment of which is thousands of shekels a month.

Illustrative photo of Israeli money

Israel Electric warns of phishing scam trying to steal customer details

People clicking the link in the message would be taken to a page where they would be asked for their identification number and credit card details.

A hacker is being depicted in this illustrative photo

More hours, less money: Garment workers hit by COVID-19 rights rollback

Under Wasid's new temporary contract, he could be fired again if he complains about one month's pay he said he is still owed from last year.

Workers iron and arrange clothing at a garment factory at Hlaing Taryar industrial zone in Yangon, March 10, 2010.

Interest rates for 83-year-old Holocaust survivor, debtor reduced

The debtor allegedly owed a total of NIS 350,000 dating back to portfolio created 2006, from debts accumulated in the 1990s.

Illustrative photo of Israeli money

Israel's government debt at NIS 984 billion - up 20% in 2020

Covering the coronavirus crisis required raising approximately NIS 265 billion in 2020, compared to NIS 137 billion in 2019.

Prime Minister Benjamin Netanyahu discusses the impact of coronavirus with representatives from the Finance Ministry, March 5, 2020

Israel to allocate NIS 30m. to cover electric debts for Holocaust survivors

In addition, the NII will carry out a project to ensure that all Holocaust survivors who are entitled to nursing services indeed receive their full rights according to their level of need.

A HOLOCAUST SURVIVOR holds the hand of his granddaughter during the annual ‘March of the Living’ at Auschwitz in May 2019

Jewish lessons for addressing debt - opinion

Judaism provides a way of making the problems of the debt real by describing the polity to include not only those who happen to be alive today but those who will succeed us.

Israel's tycoons renege on their bonds’ debt