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

• 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 - 20m

• 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 - 52m

• 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 - 1d

• New brackets, deductions and credits for taxes

  It's tax filing time and if you're working on your 2024 return then you might be seeing changes with brackets, rates and other parts of the tax code. CBS News business analyst Jill Schlesinger has ...
  
  CBS News - 2d

• You only need 2 or 3 cards to maximize rewards, says credit expert—here's how to choose

  The key to building a credit card strategy is to tailor your card usage to how you already spend, experts say.
  
  CNBC - 2d
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  Tremors hitting Santorini reach new strength

  Three more quakes above 4.0 magnitude are registered on Monday near the Greek tourist hotspot.
  
  BBC News - 2d

• 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 - 5d

• A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money

  A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates would have unintended consequences.
  
  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

More from ABC News

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  Trump signs order to determine reciprocal tariffs on US trading partners

  Trump signed an executive order calling on his administration to determine "the equivalent of a reciprocal tariff with respect to each foreign trading partner."
  
  ABC News - 31m
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  Trump to join RFK Jr.'s swearing in after his narrow Senate confirmation to lead HHS

  RFK Jr.'s confirmation comes after months of controversy and debate, largely focused on his past comments casting doubt on the safety of vaccines.
  
  ABC News - 1h
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  Germany protests 'regrettable' Trump 'concessions' to Putin on Ukraine

  Ukraine and key European nations demanded a role in any negotiations to end Russia's war on the country, after President Donald Trump announced they would begin.
  
  ABC News - 4h
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  FCC head seeks investigation of NBCUniversal over DEI efforts

  The head of the FCC said he is seeking an investigation of NBCUniversal and its parent company Comcast over the firm's diversity initiatives.
  
  ABC News - 18h
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  Trump 2nd term live updates: Judge denies request for injunction blocking buyouts

  A federal judge in Boston has denied a request to issue a preliminary injunction blocking President Donald Trump's plan to offer a buyout to federal employees.
  
  ABC News - 18h

More in Top stories

• Feb 13: CBS News 24/7, 1pm ET

  President Trump to announce global reciprocal tariffs; Americans' eager holiday shopping didn't bring a surge in debt.
  
  CBS News - 16m

• Trump threatens reciprocal tariffs in bid to "ensure fairness" on trade

  America's trading partners keep their markets to closed to U.S. exports, White House says in ordering up plan to impose global tariffs.
  
  CBS News - 18m

• India's Modi to visit White House as Trump imposes new tariffs worldwide

  Indian Prime Minister Narendra Modi's White House visit takes place on the same day as President Trump's announcement of new reciprocal tariffs.
  
  CBS News - 20m

• Man whose wife was killed in hippo attack sues safari tour company

  The lawsuit claims that as a horrified Craig Manders watched the hippo attack his wife, the tour guides walked away without helping the couple. The company denies the lawsuit's allegations.
  
  CBS News - 20m
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  Danielle Sassoon, Manhattan Federal Prosecutor, Quits After Adams Case Is Ordered Dropped

  Danielle R. Sassoon, the interim U.S. attorney for the Southern District of New York, quit after the Justice Department told her to withdraw corruption charges against Mayor Eric Adams.
  
  The New York Times - 21m