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Investors eye risk of debt-ceiling standoff after Democratic sweep

NEW YORK, Nov 5 (Reuters) – After Democrats seized control of the US Congress, investors are focused on the risk of standoffs over the government’s borrowing ​limit, with the potential for political brinkmanship to unsettle markets. Democrats wrested the Senate…
Legal News

Analysis: The Democrats have one chance to extract concessions from Trump. Markets will hate it

The electoral sweep by Democrats on Tuesday night injects a new, unstable dynamic into the single biggest political risk to financial markets in the coming year: the debt limit. Unless a defeated Republican Party makes a swift and unlikely show…
Editorial News

U.S. Department of Education Extends Enrollment Period for Student Loan Interest Rate Reduction

Today, the U.S. Department of Education (the Department) extended the enrollment period for the 1 percent interest rate reduction benefit by an additional three months. Borrowers who enroll in auto pay by December 31, 2026, or those who are already…
Bankruptcy News

The market bloodbath just exposed Wall Street’s true fears about U.S. debt, top economist warns

There have been competing theories to explain why Treasury yields have risen so much this year, but last week’s brutal stock selloff debunked one of them, according to a top economist. The 10-year yield has eased in recent weeks as…
Government News

UK and US warned to take action on spiralling debt costs by IMF

The world’s advanced economies including the UK and US need to cut borrowing and reduce debt levels following weeks of spiralling government interest costs, the head of the International Monetary Fund (IMF) has warned. In an exclusive interview, Kristalina Georgieva…
Editorial News

Fed Chair Kevin Warsh is actually managing U.S. debt costs not inflation, economist says, as interest rates threaten to top GDP growth soon

Trying to pin down Kevin Warsh as a hawk or a dove has been tricky with his statements and actions puzzling Wall Street. As President Donald Trump’s hand-picked Federal Reserve chairman, Warsh was expected to lean toward looser monetary policy.…
Editorial News

The Average 30-Year US Mortgage Rate Dips to 7.24%, the Lowest Level in More Than a Month.

The average long-term U.S. mortgage rate declined for the second straight week, falling to its lowest level in more than a month WASHINGTON (AP) — The average long-term U.S. mortgage rate declined for the second straight week, falling to its…
Bankruptcy News

Consumer Spending Is Strong But Household Finances Tell A Different Story

Americans are still spending, but strong consumer demand is masking an uneven financial picture. Recent corporate earnings show robust spending on travel, restaurants and everyday purchases, while affluent households remain willing to spend and price-conscious shoppers increasingly look for bargains.…
Legal News

Fed highlights economic strength but muddies outlook for Treasuries

NEW YORK, Oct 29 (Reuters) – The Federal Reserve kept interest rates steady on Wednesday as expected, but it was not able to comfort bond investors concerned about what a deliberate pace of policy tightening will mean for the outlook…
Educational News

Student Loan Defaults Surge Past 21% as Repayment Plans Shift

Why It Matters The federal student loan default rate reached 21.3% in the third quarter of fiscal 2026, following a sharp jump the report calls a “default cliff” in the fourth quarter of fiscal 2025, according to a new Congressional…