Latest in Debt Deficits
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Trump has options to mitigate the rising US budget deficit
While the long-term trajectory of the fiscal debt will probably remain a concern, there are some potential incremental actions the incoming president could takeFinancial Times - 2h -
I’m 42 and married with no kids. I have $114K in a 401(k) and $1,400 in credit-card debt. How can I grow my wealth?
“I am not that familiar with investing, but currently educating myself about it.”MarketWatch - 8h -
‘I take pride in being debt-free’: My husband owes thousands of dollars in student loans and credit-card debt. Will I be on the hook if he dies?
“We own a house together through a joint trust, but our bank accounts and credit cards are all held separately.”MarketWatch - 8h -
Budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago
For the month, the deficit totaled $366.8 billion, 17% higher than November 2023CNBC - 12h -
3 signs you should pursue credit card debt forgiveness before 2025
If any of these signs resonate with you, it may be time to start the credit card debt forgiveness process.CBS News - 11h -
Yellen 'sorry' more progress wasn't made on deficit
Treasury Secretary Janet Yellen is concerned about the nation’s “fiscal sustainability” this week and said she’s “sorry” that “more progress” wasn’t achieved during the Biden administration. ...The Hill - 12h -
She paid off $300,000 in debt as a first-generation American. ‘Hard work’ wasn’t the answer.
Bernadette Joy’s pursuit of the American dream left her drowning in student loans, car payments and mortgage debt. In a new book, she explains how she paid down a six-figure debt in three years.MarketWatch - 22h -
Chicken wing and Shakira-backed debt floods Wall Street
Plus, Evergrande’s liquidators go after a private jet and an $800bn asset manager prepares to sue over Credit Suisse debt wipeoutFinancial Times - 1d -
Carer's Allowance overpayment debt rises to £250m
Some carers have been forced to pay back thousands of pounds, leaving many in financial hardship.BBC News - 1d -
What are the fastest ways to get rid of $5,000 in credit card debt?
If you've racked up $5,000 in credit card debt, these strategies can help you tackle it faster than you'd expect.CBS News - 1d -
FirstFT: Man charged with murder of healthcare executive
Also in today’s newsletter, Lula in intensive care, and Wall Street’s ‘Merger Monday’Financial Times - 1d -
Wall Street’s complex debt bonanza hits fastest pace since 2007
Banks sell bonds backed by revenues from chicken wings, music catalogues and oil wellsFinancial Times - 2d -
AllianceBernstein to sue Switzerland over $17bn Credit Suisse debt wipeout
US asset manager will join case over decision when UBS took over struggling rivalFinancial Times - 2d -
How investors can position for bond ‘vigilantism’ and a growing U.S. debt load, according to Pimco
Taking U.S. equity exposure and preferring debt exposure in Europe makes sense, Pimco says.MarketWatch - 2d -
Pimco cuts exposure to long-dated US debt as deficits swell
Decisions by the world’s biggest active bond fund manager have potential to trigger valuation changes across marketsFinancial Times - 2d -
4 reasons to pursue credit card debt forgiveness this December
There are multiple reasons why you may want to pursue credit card debt forgiveness now. Here are four to know.CBS News - 2d -
10 years later: The CIA ‘Torture Report’ and America’s accountability deficit
With respect to post-9/11 torture, the U.S. has persistently dodged its obligations.The Hill - 2d -
College basketball rankings: Kentucky moves up after rallying from 18-point deficit to defeat Gonzaga in OT
After defeating the Zags in Seattle, the Wildcats moved up to No. 5 in the updated CBS Sports Top 25 And 1 rankingsCBS Sports - 3d -
No. 4 Kentucky overcomes 18-point deficit, takes down No. 7 Gonzaga in overtime 90-89
Gonzaga’s Graham Ike led all scorers with a 28 points and 11 rebounds. Kentucky’s Lamont Butler didn’t play because of an ankle injury.Yahoo Sports - 3d -
7 reasons to consolidate your credit card debt this holiday season
If you're trying to get rid of high-rate credit card debt, consolidation could be a smart move right now.CBS News - 5d -
Ivory Coast turns to World Bank to replace costly debt
Swap deal to buy back bonds issued in January comes as African borrowers struggle under expensive debt burdensFinancial Times - 5d -
Biden administration under pressure to forgive more student loan debt before Trump takes office
With just a little more than a month and a half left in office, President Joe Biden is under pressure to forgive more student loan debt.CNBC - 6d -
Can I still use my credit card after debt consolidation?
You may be able to use your credit cards after consolidating, but that isn't always the best financial move.CBS News - 6d -
U.S. trade deficit narrows sharply in October on dissipation of worries about port strike
The trade sector could end up becoming a positive contributor to fourth-quarter gross domestic product.MarketWatch - 6d -
Fed Chair Jerome Powell and Billionaires Jeff Bezos and Ken Griffin Agree: The U.S. Must Grow Its Way Out of Debt
The three heavyweights weighed in on the economy, the debt crisis, and central banking at the 2024 DealBook Summit.Inc. - 6d -
My friend declared bankruptcy. Can creditors still go after him for child support, back taxes and student debt?
“Most of those old debts are credit-card debts.”MarketWatch - Dec. 4 -
Powell's debt warning
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Powell warns US on 'unsustainable' path Federal Reserve Chair Jerome Powell ...The Hill - Dec. 4 -
3 credit card debt relief strategies to consider for 2025
If you want to break the credit card debt cycle in the new year, these strategies could come in handy.CBS News - Dec. 4 -
BNPL Fuels Black Friday Weekend Buying, and Risks of Spiking Debt
Buy Now Pay Later companies processed over $9 billion worth of purchases on Cyber Monday alone, as consumers increasingly used deferred payment options on their credit cards.Inc. - Dec. 4 -
How to keep your credit card debt low during the holidays
Swiping that plastic can be tempting when shopping over the holidays. Here's how to avoid it.CBS News - Dec. 4 -
Bundesbank chief calls for softer debt brake to increase investment
German central bank president Joachim Nagel urges Berlin to relax rules to address defence and infrastructure shortfallsFinancial Times - Dec. 4 -
U.S. investors watch French budget mess amid memories of eurozone debt crisis
Bond-market participants in the U.S. and abroad were zeroing in Tuesday on the possibility that French Prime Minister Michel Barnier’s government could fall and assessing whether this could turn ...MarketWatch - Dec. 3 -
Trump’s economic plans may encounter a problem many Americans know all too well: Crushing debt
None of President-elect Donald Trump’s plans for boosting domestic production have “a chance” unless this happens, says one economist.MarketWatch - Dec. 3 -
3 ways seniors can lower their credit card debt in 2025
If you're a senior with high-rate credit card debt, it helps to start exploring these three options now, before 2025.CBS News - Dec. 3 -
What credit card debt relief options work best with bad credit?
A damaged credit score can complicate the debt relief process, but you still have plenty of options to consider.CBS News - Dec. 3 -
World Bank Warns of Record Debt Costs for Developing Countries
The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief.The New York Times - Dec. 3 -
3 reasons to consider credit card debt forgiveness this December
This month could be an ideal time to settle your credit card debt for less than what you owe. Here's why.CBS News - Dec. 2
