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U.S. Treasury has borrowed $155 billion every month of this fiscal year and is now paying $24 billion a week in interest on its debts

Despite concerns from debt hawks, the U.S. government is continuing to borrow at pace: For the fiscal year of 2026 so far, the federal deficit has totaled just under $1.4 trillion. The first nine months of this fiscal year (beginning…
Editorial News

Consumer Litigation Declined Across TCPA, FDCPA and FCRA

Consumer litigation activity declined across the top three consumer protection statutes in May, according to the latest WebRecon report.  Telephone Consumer Protection Act lawsuits fell 18.2%, Fair Debt Collection Practices Act lawsuits dropped 9.8% and Fair Credit Reporting Act lawsuits declined 8.2% compared with April. The month-over-month pullback follows April’s notable sweep,…
Bankruptcy News

Amazon raising at least $25 billion in bond sale, won’t issue more debt in 2026

Amazon plans to raise at least $25 billion through an eight-part bond sale, as it looks to continue its massive artificial intelligence buildout, sources told CNBC’s David Faber. The company has also shared with its underwriters that it won’t issue any more debt this…
Educational News

Trump administration’s limits on student loan forgiveness program are blocked.

Student loan borrowers don’t need to worry about losing eligibility for Public Service Loan Forgiveness based on their employer, after two federal judges blocked a Trump administration rule. On Tuesday, U.S. District Judge Amir Ali struck down the regulation adding new restrictions…
Government News

Treasury yields rise as Fed Chairman Warsh says ‘prices are too high’

U.S. Treasury yields rose on Wednesday, as investors weighed more data and new comments from the Federal Reserve’s newly appointed chairman. The yield on the benchmark 10-year Treasury note — the main benchmark for mortgages, auto loans and credit card debt —…
Legal News

As More Than 100 Million Americans Face Medical Debt, Relief Launches New Resources for Consumers Managing Debt in Collections

MIAMI, June 26, 2026 (GLOBE NEWSWIRE) — Relief, a self-service technology platform for consumers managing past-due debt and accounts in collections, today announced new in-app resources designed to help people better understand their options when debt becomes overwhelming. The resources…
Bankruptcy News

Credit card debt in the U.S. hits all-time high of $930 billion

Credit card debt hit a record high of $930 billion for Americans in the final quarter of 2019, according to the latest data from the Federal Reserve Bank of New York released on Feb. 11. That’s a $46 billion increase in credit…
Educational News

Student loan borrowers face glitches and misinformation ahead of major July 1 changes, advocates say

July 1 is a significant date for tens of thousands of Americans who hold federal student loans. That’s when changes to the U.S. Department of Education’s menu of repayment and relief options under the “one big beautiful bill” tax-and-spending package take effect.…
Editorial News

Treasury yields move higher as traders monitor potential U.S.-Iran peace deal

U.S. Treasury yields edged higher on Friday after falling sharply the previous session, while oil prices fell, as traders monitored the prospect of a resolution to the Middle East war. The 10-year Treasury note yield — the main benchmark for mortgages, auto…
Government News

Treasury yields fall despite rate hike concerns hitting tech stocks

U.S. Treasury yields moved lower on Tuesday, despite fears of higher interest rates dealing a blow to tech stocks globally, while investors await key inflation data due to be released Thursday. The yield on the 10-year U.S. Treasury note — the key…