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Why Investors Worldwide Hold U.S. Government Debt

Your retirement account, a car company’s cash reserve and a foreign central bank may have something in common: They may hold U.S. government debt, making them lenders to the U.S. government. You might hold such debt as part of your…
Educational News

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

Nearly 2 Million Federal Student Loan Borrowers Have Enrolled in Auto Pay  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…
Editorial News

U.S. debt is increasingly at the mercy of the market as interest costs surge while elections add more risk to the debt ceiling, ratings agency warns

The recent jump in Treasury yields has highlighted how vulnerable the U.S. debt outlook is to the bond market, which Scope Ratings flagged in a new report. On Friday, the Europe-based credit ratings agency maintained the U.S. sovereign score at…
Legal News

US bonds selloff eases, yields off highs, after strong 10-year note auction

NEW YORK, Oct 7 (Reuters) – US Treasuries rose in afternoon trading on Wednesday, with yields backing away from their highs as ​oil prices fell and a strong $39 billion auction of 10-year notes reassured investors that demand for long-term…
Government News

The Federal Government Ran Up a $2 Trillion Deficit in 2026

Congress hasn’t balanced the budget in 25 years.Fiscal year 2026 ended last week, and while official figures aren’t out yet, it looks like the federal government spent $2 trillion more than it took in. That’s not quite a record—in dollar…
Legal News

Corporate debt maturities set to test US borrowers as rates rise

Sept 25 (Reuters) – A growing wall of US corporate debt is set to mature from 2027, putting pressure on companies to refinance borrowings raised ​at ultra-low interest rates during the pandemic. About $4.3 trillion of non-financial ‌corporate bonds issued…
Educational News

Student loan borrowers sue Trump administration over forgiven debts on credit reports

A group of student loan borrowers sued the Trump administration on Thursday, alleging they suffered unexpected financial damages despite getting their debts forgiven years ago. The borrowers said in their lawsuit, Woods v. U.S. Department of Education, filed in the…
Bankruptcy News

Higher interest rates squeeze younger and lower-income households. ‘A rate hike is a blunt tool,’ says expert

The Federal Reserve raised its benchmark interest rate at the conclusion of its September meeting and signaled another increase could be on the table this year. For consumers, the moves may significantly impact borrowing costs and savings returns. Generally, short-term…
Editorial News

Mortgage demand from homebuyers drops 19% from a year ago, as interest rates surge abruptly higher

Fast-rising interest rates are taking their toll on mortgage demand, as both potential homebuyers and current homeowners head to the sidelines. Total mortgage application volume dropped 4.1% last week compared with the previous week, according to the Mortgage Bankers Association’s…
Government News

‘Uncharted territory’: The $40 trillion U.S. national debt just got uglier as interest payments rise to $1.25 trillion a year

The federal interest burden has reached a new height, exceeding even the 1991 record, but analysts warn the risks associated with servicing the ever-growing national debt today are much higher than they were 35 years ago, analysts warn. A recent…