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PublishedJune 18, 2024
Watchdog raises 2024 federal budget deficit projection by $400 billion
Deficits are a problem for lawmakers in the years to come because of the burden of servicing the total debt load, an aging population that pushes up the cost of Social Security and Medicare, and rising health care expenses.
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PublishedJune 7, 2024
The number of debt-laden public companies worldwide is growing – including 2,000 in U.S. alone
So-called 'zombies' are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good.
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PublishedMay 31, 2024
Higher for longer rates mean no escape from the debt squeeze
Even where consumer spending looks solid, it’s often being funded by borrowing.
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PublishedMay 28, 2024
More people make ‘no-buy year’ pledges as overspending or climate worries catch up with them
Many are using the challenge to dig out of debt, while others seek to shore up their financial future.
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PublishedMay 23, 2024
Borrowers, especially the young, are struggling with credit card debt – a bad sign
Consumers are increasingly struggling to pay their credit card bills, raising concerns about severe delinquencies spiraling and sapping consumer spending.
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PublishedMay 11, 2024
U.S. debt tops $34 trillion, but commission to address it appears dead in Congress
The collapse underscores an unyielding dynamic in Washington, with lawmakers in both parties loath unpopular tradeoffs that would be necessary to stem the nation's swelling tide of red ink – particularly in an election year.
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PublishedFebruary 5, 2024
Some Americans are saddled with credit card debt as rent and everyday prices remain high
Noticeable pockets of Americans – renters, and lower- and middle-income borrowers – are running up their credit cards balances, and increasing numbers are falling behind on their debts.
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PublishedJanuary 17, 2023
How ominous is the U.S. debt limit problem?
So far, House Speaker Kevin McCarthy and President Biden are playing what could be a dangerous game of chicken with the world’s largest economy in the middle.
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PublishedFebruary 25, 2022
Maine Voices: Bill could help college students graduate, ease Maine’s worker shortage
By reining in the withholding of transcripts over unpaid bills, L.D. 1838 will let Mainers get their degrees and jobs.
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PublishedOctober 27, 2021
Stacey Abrams’ PAC donates $1.34 million to wipe out medical debts
The Fair Fight Political Action Committee said it has donated $1.34 million to the nonprofit RIP Medical Debt to wipe out debt with a face value of $212 million that is owed by 108,000 people in Georgia, Arizona, Louisiana, Mississippi and Alabama.
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