An analysis from personal finance company WalletHub found consumers took on an additional $74 billlion in credit card debt in 2024.
Higher interest rates hit businesses in multiple ways. The longer rates remain elevated, the harder it gets.
When the economy starts looking scary, bank executives have to make a judgment call about their outstanding loans.
If Congress fails to raise or suspend the debt limit, it won’t cause a government shutdown. But it could mean a failure to pay Social Security benefits and federal salaries.
Did we not learned anything in 2008?
Puerto Rico is about to miss an interest payment on the most secure level of bonds.
It's been a long road from financial ruin to Tuesday's visit from Obama.
Colleges can game the system to hide their students’ problems with debt.
Talks broke down between Argentina and some of its bondholders, triggering default. Tim Fernholz, reporter for Quartz, explains.
Make no mistake, if the U.S. government defaults on its debt obligations, it will be a catastrophe. But the media has been misusing the term.
