Government Debt - QuikReader

Credit card debt hit $1.21 trillion. Here's why 'no one should be surprised,' expert says.

Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York.

NBC News - 1h

Ronald Reagan’s budget czar warns of ‘Trump’s $30 trillion debt disaster’

David Stockman was the O.G. ‘DOGE’ hatchet man.

MarketWatch - 1h

Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says

Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong, despite high borrowing costs.

CNBC - 2h

Nearly 100K protest Belgian plans to cut social services in strategy to reduce debt

Close to 100,000 protesters have thronged the center of Brussels while airports and public transport were largely paralyzed as trade unions took their ire to the streets over drastic plans of the ...

ABC News - 5h

Ray Dalio to the Trump administration: Cut debt now or face an 'economic heart attack'

Dalio stressed that governments are responsible, and that leaders should make a pledge to reduce the U.S. budget deficit from 7.5% to 3% of GDP or resign.

CNBC - 7h

Judge Allows Trump to Proceed With Government Employee Buyout

As of last week, about 65,000 federal employees had signed up for the buyouts.

Inc. - 21h

Democrats are divided on government shutdown threats

Politico - 2d

Americans are piling on debt at a furious pace, as tariffs loom

Credit-card bills and car loans swelled at the end of 2024.

MarketWatch - 3h

Americans' credit card debt reaches new record high: Federal Reserve

Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.

ABC News - 4h

Ray Dalio to the Trump administration: Cut debt now or face an 'economic heart attack'

DUBAI, United Arab Emirates — Hedge fund titan Ray Dalio issued a fresh warning about the U.S. economy, warning of dire consequences if the Trump administration does not cut the country’s debt.

NBC News - 5h

Secured vs. unsecured debt: Everything to know now

Knowing what's at stake with secured and unsecured debt could help protect your assets.

CBS News - 6h

Purge of government employees underway at FBI and other agencies

CBS News Department of Justice correspondent Scott MacFarlane reports on the ongoing dismissals of FBI agents and other federal workers, as well as Attorney General Pam Bondi's Wednesday ...

CBS News - 6h

Musk calls for government to "delete entire agencies"

Elon Musk called for the government to "delete entire agencies" at home and "mind its own business" abroad in a speech via video link to the World Governments Summit in Dubai.

CBS News - 7h

A golden opportunity to reduce US government debt?

Not so fast

Financial Times - 13h

Wall Street nears sale of $3bn of debt tied to Musk’s Twitter buyout

Billionaire’s close ties to re-elected US president have piqued investors’ interest

Financial Times - 23h

Debt consolidation loan vs. debt consolidation program: Which is better with inflation rising again?

Increasing inflation could have an impact on the type of debt consolidation it makes sense to pursue right now.

CBS News - 1d

Does bankruptcy clear tax debt?

Clearing your IRS tax debt by filing for bankruptcy may not be as simple as you think.

CBS News - 1d

8 fired government watchdogs sue Trump administration

Eight federal watchdogs ousted by President Trump last month are suing to get their jobs back on the basis that their dismissals were unlawful. The lawsuit, filed Wednesday, asserts Congress was ...

The Hill - 1d

MTG at DOGE hearing: National debt is 'enslaving our nation'

Rep. Marjorie Taylor Greene, R-Ga., delivered her opening statement at the first hearing for the House DOGE subcommittee. She said the American people are in "debt slavery" to those the country ...

NBC News - 1d

A sovereign debt restructuring furniture review

What have we learned from the recent spate of government bankruptcies?

Financial Times - 1d

Local Government Pension Schemes are heading for an embarrassment of riches

How to scheme it

Financial Times - 1d

3 simple ways to take control of your credit card debt this February

Between today's high rates and the recent uptick in spending, it's time to get your credit card debt under control.

CBS News - 2d

What happens if a creditor wins a debt lawsuit against you?

There are a few things that could happen if a debt collector or creditor prevails against you in court.

CBS News - 2d

Trump ousts director of Office of Government Ethics

President Trump removed the director of the Office of Government Ethics, the independent agency responsible for overseeing ethics rules for the executive branch.

CBS News - 2d

Trump fires Office of Government Ethics chief

President Trump has fired the director of the Office of Government Ethics, the agency announced Monday. The office posted on its website that it had been notified Trump was removing David Huitema, ...

The Hill - 2d

DeepSeek banned from NY state government devices

New York State is prohibiting the China-based artificial intelligence application DeepSeek from government devices. New York Gov. Kathy Hochul (D) announced on Monday state government employees are ...

The Hill - 3d

Sudan army plans new government as it advances in capital

Yahoo News - 3d

How Elon Musk is using tech to DOGE the government

Elon Musk is using his tech and leadership playbook in a crusade against the federal bureaucracy as he and his allies attempt to gain access to sensitive information and use emerging tech to speed ...

The Hill - 4d

MP's anger at government over Grangemouth closure

Labour MP Brian Leishman says the UK government must do more to help workers get new jobs.

BBC News - 4d

Trump’s claim that Mexican cartels and government are allied is not reality

Corruption in Mexico is a problem, experts say, but any claim the two are linked shows a lack of comprehension. Mexico breathed a sigh of relief this week when Donald Trump delayed his threatened ...

The Guardian - 4d

Trump has two strong options to defuse the U.S. debt time-bomb. He should use them.

AI-fueled productivity growth, combined with realistic and constructive immigration reform, would put the U.S. economy on more solid footing.

MarketWatch - 5d

Who is helping Elon Musk gut the US government?

The billionaire’s cost-cutting ‘Doge’ staff includes wealthy executives, far-right ideologues and young engineers. Elon Musk’s rapid attempt to defund and depopulate the federal government has ...

The Guardian - 5d

Inside Elon Musk's government takeover

A tech-focused media outlet has become a premiere source for breaking news on Elon Musk, his inner circle and their efforts to reshape the federal government. Katie Drummond, global editorial ...

CBS News - 5d

RFK Jr. had up to $1.2 million in credit card debt — what experts say about tackling high balances

Robert F. Kennedy Jr.'s recent financial disclosures show a "massive" amount of credit card debt, according to experts.

CNBC - 6d

How to Pay Off Credit Card Debt

A new report finds that people are spending more on their cards and paying down less. Financial experts offer tips for reducing that debt, starting with looking at your spending habits.

The New York Times - 6d