National Debt
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Impact of U.S. debt on Generation Z
In a recent op-ed, a former White House economist and a former Labor Department employee warn of the burden U.S. debt will have on Gen Z and blame mistakes by the Treasury Department when interest rates were low. CBS News business analyst Jill ...CBS News - Top stories -
The Anti-Met Gala Raises Funds for Medical Debt
The red carpet featured noncelebrity guests in homemade costumes. “This is a better function, with a better message,” one guest said.The New York Times - Lifestyle -
Congressional progressives want to eliminate medical debt
Presented by AstraZeneca — Around 14 million Americans owe more than $1,000 in medical debt. {beacon} Health Care Health Care The Big Story Congressional progressives want to eliminate medical debt Sen. Bernie Sanders (I-Vt.) is leading an ...The Hill - Politics -
Snap takes advantage of recent stock surge to sell convertible debt
Snap’s stock pulled back Wednesday after the parent of the video-messaging app Snapchat planned to take advantage of the recent runup in its stock price to sell convertible debt.MarketWatch - Business -
Bernie Sanders and Ro Khanna reveal bill to ‘cancel all medical debt’
Exclusive: legislation creates a program to cancel all existing patient debt and block creditors from collecting past medical bills. Two prominent progressive lawmakers, the Vermont senator Bernie Sanders and California congressman Ro Khanna, ...The Guardian - World -
Emerging market junk bonds are top performers in sovereign debt markets
Resilience of global economy, higher commodity prices and support from IMF help drive returns for lower-rated bondsFinancial Times - Business -
Fitch cuts NYCB’s debt rating deeper into junk territory but says outlook remains stable
Analyst cites “weaker earnings and profitability profile in addition to execution risk.”MarketWatch - Business -
Credit scores got ‘artificially higher’ during COVID. Now many borrowers can’t pay their debts.
Pandemic-era policies appear to have produced “artificially higher” consumer credit scores, according to Columbia Threadneedle.MarketWatch - Business