debt

Sue O’Connell spoke with James Pindell, a reporter for The Boston Globe, who explains what the debt ceiling is, how the fight over it is different this time and what could happen if the debt ceiling isn’t raised.

The U.S. government reached the nation’s legal borrowing limit on Thursday, forcing the Treasury Department to resort to “extraordinary measures” to avoid a default.

Economists say consequences of a default on the national debt could include higher interest rates, a stock market crash, a recession and massive job losses. NBC’s Alice Barr reports.

Is the sticker shock of the holidays settling in? Chris Browning has some suggestions when it comes to paying off bills for the holidays.

President Joe Biden announced Wednesday that his administration is on track to reduce the national deficit by $1.5 trillion in 2022, allowing the feds to pay down the national debt for the first time in six years.

A new federal report finds that record-keeping failures by the Education Department may have left thousands of Americans stuck with student debt that should have been forgiven.

Despite signs that the pause on student loans will be extended again, no announcement has been made. Experts say borrowers should be prepared to start paying.

As prices spike, workers are running out of money faster: Now, 1 in 5 say they can’t make it from paycheck to paycheck.

Whether or not couples keep joint accounts could make or break a relationship, according to research. Here’s why.

Equifax, Experian and TransUnion recently announced that starting July 1, they will remove nearly 70% of medical debt from credit reports.

Having enough cash set aside to cover big unexpected expenses can feel unattainable. But you may find more money in your budget by making some adjustments.

A tax refund offers a rare opportunity to build a safety net. Here are three ways to stretch the one-time payment.

Higher-education expert Mark Kantrowitz argues federal student loans could be forgiven via regulatory changes set by the executive branch.

A large number of U.S. consumers will have their medical debt wiped from their credit reports, the nation’s largest credit reporting agencies announced.

Siraba Keita’s experience reflects a tension between banks, their customers and creditors looking to collect on old debts.

The Fed’s recent interest rate hike will likely cause private student loans to get pricier, and for some, now is a good time to think about refinancing.

The danger comes from interest rate hikes occurring several more times over the next few months and potentially in bigger chunks.

Wages are rising, yet the prices consumers must pay for goods and services are rising even faster.

After holding rates near rock bottom for two years, the Fed is finally boosting its benchmark. Here’s what that means for you.

Here’s what an increase in the Fed funds rate means for your bank account, car loan, mortgage and credit card.