Americans' credit card and household debt reach all-time high
Americans' credit card debt set a new record of $1.2 trillion in the last quarter of 2024, while overall household debt reached a new high of about $18 trillion, the New York Fed found.
Back-loaded repayment schedule for $830M bond issue adds $2B to borrowing costs, experts say
The City Council is scheduled to take a final vote on the general obligation bond issue at Wednesday’s meeting, but any two alderpersons use a parliamentary maneuver to postpone the final vote. They ...
The New York Times28d
How the Debt Could Hamstring Trump’s Agenda
Mr. Schweikert’s view, echoed by other lawmakers at the meeting, was an early sign of the stark economic and political challenge that America’s $36 trillion debt will pose for President Trump.
House Republicans unveil blueprint to extend $4.5 trillion in tax cuts and lift the debt ceiling
WASHINGTON -- House Republicans released a budget plan Wednesday that sets the stage for advancing many of President Donald Trump's top domestic priorities, providing for up to $4.5 trillion in tax ...
Committee for a Responsible Federal Budget12d
Interest on the Debt to Grow Past $1 Trillion Next Year
The Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net inte ...