Karoline for Congress’s campaign committee failed to raise any funds in the second quarter of the year and made no progress in paying off its considerable debt. This debt primarily stems from accepting illegal campaign contributions that have largely not been returned. The committee reported that it had already spent the illicit funds and had no cash available. Significant debts are owed to various individuals and firms, including former New Hampshire Governor Craig Benson and several consulting and polling companies.
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A Lowy Institute report reveals that 75 of the world’s poorest countries face a substantial increase in debt repayments to China, totaling $22 billion in 2025, a significant portion of the overall $35 billion owed. This surge in debt, largely stemming from China’s Belt and Road Initiative, strains already limited funds for essential services like healthcare and education, coinciding with a decrease in Western aid. The report suggests this debt could be used for political leverage, particularly as China’s lending has decreased despite increased global economic pressure. While China denies creating “debt traps,” the situation creates a dilemma for Beijing, balancing diplomatic pressure for debt restructuring with domestic economic concerns.
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John Q. Hosedrinker