More Canadians only making minimum payment on credit cards: TransUnion
Some Canadians are seeing their credit card balances grow as the cost-of-living crisis and higher interest rates eat into household budgets, a new report shows.
U.S. Sen. Bernie Sanders of Vermont announced Monday he will run for reelection this year, squelching speculation that the 82-year-old progressive icon might retire at a time when the Democratic Party is anxious about the advancing age of its top leaders.
Hailing from a Democratic stronghold, Sanders' decision virtually guarantees that he will return to Washington for a fourth Senate term. And his announcement comes at a critical moment for Democrats as the party navigates a growing divide over Israel's war against Hamas in Gaza.
Sanders has criticized President Joe Biden's handling of the U.S. relationship with Israel even as he's hailed much of Biden's domestic agenda ahead of what could be a tough reelection fight for Biden against GOP presidential nominee Donald Trump.
Sanders said he wants the war in Gaza ended immediately, massive humanitarian aid to follow and no more money sent to Israeli Prime Minister Benjamin Netanyahu.
"We are living in a complicated and difficult political moment," Sanders told The Associated Press on Monday. "I very strongly disagree with Biden in terms of the war in Gaza."
At home, he said, the presidential election is between Biden and Trump, "and Donald Trump is in my view the most dangerous president, has been the most dangerous president in American history."
With the prospect of Trump's possible return to the White House, Sanders framed his bid to return to the Senate as being driven by concerns about the future of democracy in the U.S. In an announcement video, he said that in many ways the 2024 election "is the most consequential election in our lifetimes."
"Will the United States continue to even function as a democracy, or will we move to an authoritarian form of government?" he said. He questioned whether the country will reverse what he called "the unprecedented level of income and wealth inequality" and if it can create a government that works for all, and not continue with a political system dominated by wealthy campaign contributors.
Known for his liberal politics and crusty demeanor, Sanders has been famously consistent over his 40 years in politics, championing better health care paid for by the government, higher taxes for the wealthy, less military intervention and major solutions for climate change. He has also spent his career trying to hold corporate executives to account, something that he's had more power to do as chairman of the Senate Health, Education, Labor and Pensions Committee.
Sanders is an independent. He was a Democratic congressman for 16 years and still caucuses with the Democrats.
He sought the Democratic presidential nomination in 2016 and 2020. He said a year ago that he would forgo another presidential bid and endorse Biden's reelection this year.
"I have been, and will be if re-elected, in a strong position to provide the kind of help that Vermonters need in these difficult times," Sanders said in a review of his positions as chairman of the important Senate panel and a member of the chamber's Democratic leadership team, as well as a senior member of various other committees.
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AP writer Mary Clare Jalonick contributed from Washington.
Some Canadians are seeing their credit card balances grow as the cost-of-living crisis and higher interest rates eat into household budgets, a new report shows.
Emergency services in the town of Rigaud, Que. are investigating after a tornado touched down shortly after 5:30 p.m. on Friday.
The 13-year-old sister of a young man killed in the attack on her family’s Mississauga restaurant in 2021 took the stand in a Brampton courthouse on Monday to describe the terrifying moments of coming under fire.
Israeli tanks reached the centre of Rafah for the first time on Tuesday, witnesses said, three weeks into a ground operation in the southern Gaza city that has sparked global condemnation.
Slowed or interrupted travel, the passing of goods and significantly restricted borders should be expected if Canadian border workers take upcoming strike action.
Mexico's federal archaeology agency on Monday accused the conservative-governed city of Guanajuato of mistreating one of the country’s famous mummified 19th century bodies.
A new pothole-riddled street in Hamilton has taken the top spot for the worst road in Ontario, according to a new list released by the Canadian Automotive Association (CAA) on Tuesday.
Prosecutors and defence lawyers in Donald Trump's hush money trial are set to deliver closing arguments to the jury Tuesday, each side looking to score final points with the panel before it starts deliberating the fate of the first former American president to be charged with felony crimes.
A lawyer for Red Lobster Canada, Inc. says he will ask an Ontario court today to recognize and enforce the chain’s U.S. bankruptcy protection proceedings, a process which documents show could include selling Canadian assets.
A Winnipeg pinball wizard is heading to the granddaddy of them all – the IFPA World Pinball Championship.
It’s the chance of a lifetime for a group of Ottawa athletes who are getting ready to represent Team Canada at the World Junior Ultimate championships in the United Kingdom.
Parishioners at Holy Trinity Anglican Church are praying for a monetary miracle, as their historic place of worship could collapse at any moment.
A Saskatchewan man made it to the summit of Mount Everest earlier this month.
IAMGOLD’s Cote Gold open pit mine, located off Highway 144 between Timmins and Sudbury, had its official ribbon-cutting ceremony this week as production ramps up.
When one is extended an invitation to the Royal Garden Party in London, England, there's undoubtedly no shortage of pomp and circumstance. Barrie, Ont. natives Megan Kirk Chang and her husband Brandon experienced just that as they entered the prestigious event hosted at Buckingham Palace on Tuesday.
An unlikely celebrity emerged from social media to cheer on the Edmonton Oilers as they face the Dallas Stars tonight in Game 1 of the Western Conference Finals.
The proprietors of Regina's sole discount theatre are aware they're carrying on a significant legacy.
When Jujhar Mann said he wanted to be a pastry chef on a grade school career project, he didn't imagine that pursuing his dream would land him on a popular Netflix baking competition.