Latest in Debt Swelled Biden
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Biden becomes great-grandfather, in likely presidential first
President Biden welcomed his first great-grandchild into the world on Wednesday after his granddaughter Naomi had a cesarean section birth in Los Angeles. Biden, 82, is believed to be the first ...The Hill - Jan. 8 -
Can you take out a HELOC with high credit card debt?
A HELOC is one of the most affordable borrowing options right now, but can you qualify for one with a lot of debt?CBS News - Jan. 8 -
Biden briefed on California wildfires as blazes grow
Los Angeles Fire Department Chief Kristin Crowley and other officials updated President Biden on the catastrophic wildfires spreading in Los Angeles County. CBS News chief White House correspondent ...CBS News - Jan. 8 -
Biden: Impact from California wildfires is 'astounding'
President Biden spoke after receiving a briefing from officials in California about the spreading wildfires. Biden pledged federal support for those impacted, mentioned that his sons' home may have ...NBC News - Jan. 8 -
What happens when you lose a credit card debt collection lawsuit?
A few different scenarios could occur if a judgment is issued against you for your old credit card debt.CBS News - Jan. 8 -
Nearly half of credit card users are carrying debt — it may take months, or years, to pay off
Nearly half of Americans are starting off the new year in the red. And of those carrying credit card balances, many say it could take years to pay off.CNBC - Jan. 8 -
Biden says granddaughter scheduled for Wednesday C-section
He's leaving the White House in less than two weeks, but President Biden is poised to enter a new personal chapter this week as a first-time great-grandfather. "I'm about to be a great-grandfather, ...The Hill - Jan. 8 -
5 important credit card debt relief moves to make this January
Certain moves may help you break free from credit card debt, experts say. Here are five to explore this month.CBS News - Jan. 8 -
Biden says he could've beaten Trump in November
President Biden said early Wednesday that he thinks he would have beaten President-elect Trump if he stuck with his reelection bid in an interview with USA Today. “It’s presumptuous to say that, ...The Hill - Jan. 8 -
Senate Republicans prepare blitzkrieg on Biden regulations
Senate Republicans, waiting for their House counterparts to figure out their strategy on border security and tax reform, are planning to use the Congressional Review Act to wage a lightning war on ...The Hill - Jan. 8 -
Why investors clinging to cash could lose money in U.S. debt-ceiling fight
Investors clutching cash might soon bear the brunt of a U.S. debt-ceiling fight, which could boil over in the next few weeks without a resolution.MarketWatch - Jan. 8 -
New rule bans medical debt from credit reports
A new rule issued by the outgoing Biden administration will ban medical debt from appearing on people's credit reports. It's estimated the move will raise credit scores for around 15 million ...CBS News - Jan. 7 -
The Biden Presidency: Four Illusions, Four Deceptions
History will not remember his term of office fondly.The New York Times - Jan. 7 -
Clyburn: Eliminating debt ceiling only area 'I really agree with Donald Trump on'
Rep. James Clyburn (D-S.C.) said Tuesday that eliminating the debt ceiling is the only area “I really agree with Donald Trump on.” “We should do away with it altogether,” Clyburn told CNN’s John ...The Hill - Jan. 7 -
Speaker Johnson: ‘Intention’ is to increase debt limit in massive Trump agenda bill
Speaker Mike Johnson (R-La.) said that congressional Republicans plan to increase the nation’s borrowing limit as a part of a massive party-line bill that they are crafting that will encapsulate ...The Hill - Jan. 7 -
CFPB finalizes rule to remove estimated $49 billion in medical debt from credit reports
Medical debt comprises the largest category of unpaid balances in collections. The CFPB wants to help ensure that doesn't ruin Americans' finances.CNBC - Jan. 7 -
Can I qualify for credit card debt forgiveness with a low credit score?
A low credit score could limit your debt relief options — but will it make you ineligible for debt forgiveness?CBS News - Jan. 7 -
Biden administration finalizes rule to strike medical debt from credit reports
U.S. consumers will no longer have medical debt appear on their credit reports under to a new rule the CFPB finalized Tuesday.NBC News - Jan. 7 -
Medical debt banned from credit reports by new Biden administration rule
Unpaid medical bills will no longer appear on credit reports under a final rule announced by the Biden administration.CBS News - Jan. 7 -
New federal rule will remove medical debt from credit reports
A new rule on medical debt could affect millions of Americans' credit scores.ABC News - Jan. 7 -
Democrats under fire for not sounding alarm earlier on Biden
Democratic leaders and lawmakers are coming under growing scrutiny for not blowing the whistle sooner on what is widely perceived to be President Biden’s decline during the final two years of his ...The Hill - Jan. 7 -
Biden Administration Moves to Ban Medical Debt From Credit Reports
The future of the new rule remains in question, however, with President-elect Donald J. Trump set to return to the White House this month.The New York Times - Jan. 7 -
CFPB finalizes rule barring medical debt from credit reports
The Consumer Financial Protection Bureau (CFPB) on Tuesday finalized its rule barring medical debt from being included on credit reports, potentially freeing up billions in credit. The finalized ...The Hill - Jan. 7 -
Biden creating two national monuments in California
President Biden is creating two new national monuments in California, the White House announced Tuesday. Biden will officially designate the Chuckwalla National Monument and the Sáttítla Highlands ...The Hill - Jan. 7 -
Biden meets with families of victims of New Orleans attack
President Joe Biden and first lady Jill Biden met with families, survivors and local law enforcement affected by the New Year's Day attack in New Orleans that killed 14 people and wounded dozens of ...NBC News - Jan. 7 -
Biden blocks new offshore drilling in vast areas
Click for the latest from The Hill {beacon} Energy & Environment Energy & Environment The Big Story Biden blocks new offshore drilling in vast areas President Biden has blocked new offshore ...The Hill - Jan. 6 -
Biden signs bipartisan outdoor recreation bill into law
President Biden on Monday signed a bipartisan bill aimed at boosting outdoor recreation weeks after it cleared the Senate. The bill, the Expanding Public Lands Outdoor Recreation Experiences Act, ...The Hill - Jan. 6 -
$119 billion of U.S. government debt to be issued this week, raising questions about demand
A total of $119 billion in U.S. government debt issuance is about to drop this week through Wednesday, pushed forward due to Thursday’s abbreviated session for bond traders as the country marks the ...MarketWatch - Jan. 6 -
How Trump is responding to some of Biden's final moves
President-elect Donald Trump may try to undo some of President Biden's final moves while in the White House. CBS News' Aaron Navarro breaks down what to expect from the incoming administration.CBS News - Jan. 6 -
Biden Warns Americans Not to Forget the Jan. 6 Attack
In an essay in The Washington Post, President Biden accused President-elect Donald J. Trump and his supporters of trying to erase the history of that day.The New York Times - Jan. 6 -
Is it legal for a credit card company to sell your delinquent debt?
There are a few routes your credit card company can take when you're late on payments — including selling the debt.CBS News - Jan. 6 -
Biden monitoring severe winter storm
President Biden is keeping a close eye on the major winter storm making its way through much of the central and eastern United States, the White House said on Monday. Biden and his team are ...The Hill - Jan. 6 -
What proof must credit card debt collectors provide for a debt?
Debt collectors must provide proof that a debt is valid. Otherwise, they have to stop their collection efforts.CBS News - Jan. 6 -
Biden signs Social Security Fairness Act into law
President Joe Biden signed the Social Security Fairness Act into law Sunday, marking what is expected to be one of the last major pieces of legislation of his presidency.ABC News - Jan. 6 -
Biden's response to New Year's attacks lacked urgency
President Biden's response to the dual attacks in New Orleans and Las Vegas was criticized for its lack of urgency and lack of new information, with the White House not releasing a statement until ...The Hill - Jan. 6 -
Biden signs Social Security Fairness Act
President Joe Biden signed the Social Security Fairness Act, which will increase the benefits of Social Security for millions of public workers.NBC News - Jan. 5 -
Joe Biden prepares to bow out
Plus, UK retail earnings, South Korea’s Yoon summoned to parliamentary hearing and Venezuela’s Maduro sworn inFinancial Times - Jan. 5