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In a recent social media post, Trump railed against the state of the debt ceiling and called the deal that put it on the 2025 agenda "one of the dumbest political decisions made in years."
The average debt of Americans with unpaid credit card balances is $6,569 and Americans’ total credit debt is up to $887 billion, a 13% increase from the second quarter of 2021 — the largest ...
Highlighting the dire situation, he notes that the U.S. federal government now spends almost $1 trillion a year in interest payments to service the national debt. To make matters worse, the ...
Debt watchers have a warning about the debt ceiling talks to come: recent history is littered with bipartisan deals that made the spending problem worse.
A debt-ceiling breach has become a political tool — one that Trump is trying to wield for the last time The debt ceiling limits the amount of money the federal government is allowed to borrow to ...
As negotiations between House Republicans and the White House over the debt ceiling rest at a standstill, some experts believe the fuss being made about the debt, the impasse and the X-date -- the ...
The share of credit card holders making only minimum payments on their bills rose to 10.75% in the third quarter for 2024, the highest it's been in 12 years, the Fed's data shows.
The strain could get worse. For one, credit card interest rates aren't going down anytime soon. Those rates are directly linked to the Federal Reserve's benchmark rate, and after this week's ...