Big banks are bracing for losses as Americans struggle to pay off debt
Banks are building cash reserves as more and more Americans struggle to pay off credit card, auto, and commercial real estate ...
U.S. national debt is its Achilles’ heel, but China sees it as an opportunity
China’s economic position is so strong that it is now considered the main threat to the U.S. dollar. It is an influential ...
US budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record
The U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era, as interest on the ...
MarketWatch6h
America’s economy looks strong. So why is Wall Street worrying about renters and younger borrowers?
The kids might not be alright. That’s been a growing source of worry for Wall Street investors in consumer debt, even as ...
Treasury’s Frost Says Buybacks Improve Liquidity in Older Bonds
The US Treasury debt buybacks that began in late May have begun to improve liquidity in the market for older notes and bonds, ...
US forgives another $4.5 billion in student debt relief. How much do Floridians owe?
President Joe Biden announced another $4.5 billion in forgiven student debt for public service workers who have been paying ...
Government Executive4h
Biden administration forgives $4.5B in student debt for public service workers
The president said that more than 1 million public servants to date have had their federal student debt canceled.
60,000 student-loan borrowers in public service are getting $4.5 billion in debt cancellation while Biden's broader relief remains blocked in court
The latest student-loan forgiveness announcement brings the total number of borrowers approved for relief through PSLF to 1 ...
I’m drowning in $70K of credit card debt — should I consolidate that bad debt into my mortgage?
The average credit card balance in the U.S. was $6,329 in the second quarter of 2024, according to TransUnion. Some people ...
Sweden’s Intrum Plans to File for Chapter 11 in US
Swedish debt collector Intrum AB expects to file for Chapter 11 bankruptcy protection in the US next month as it seeks to ...