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Quarterly Refunding Statement of Assistant Secretary for Financial Markets Josh Frost

WASHINGTON — The U.S. Department of the Treasury is offering $121 billion of Treasury securities to refund approximately $105.1 billion of privately-held Treasury notes maturing on February 15, 2024.  This issuance will raise new cash from private investors of approximately $15.9…
Legal News

US public debt tops $34 trln as Congress heads into funding fight

WASHINGTON, Jan 2 (Reuters) – The U.S. federal government’s total public debt has reached $34 trillion for the first time, the U.S. Treasury Department reported on Tuesday, as members of Congress gear up for another series of federal funding battles…
Educational News

The Biden administration owes student debt relief to thousands. Many haven’t seen it yet.

On Black Friday, Jason Apley was shopping with his wife when he checked his bank account and noticed he had about $500 less to spend than last holiday season. Unlike many Americans with crushing student loan debt, the 44-year-old father…
Government News

Consumers Hit the Brakes on Debt Just as it Reaches Record Levels

The American love affair with debt took a timeout in December. After piling on debt for much of the year – in 2023, the type of credit commonly provided by charge cards and other loans increased 8.4 percent – consumers slammed on…
Editorial News

Biden administration looks to forgive student debt of borrowers in hardship

The Biden administration announced on Wednesday that it will try to deliver student loan forgiveness to borrowers experiencing financial hardship. After the Supreme Court struck down President Joe Biden’s executive order to cancel up to $20,000 in student debt for tens of…
Editorial News

Only half of Americans believe they can pay off their December credit card bill

Only half of America’s credit card customers believe they can pay off their December balance in full, according to an industry index, signaling a low ebb in “credit card confidence” as the nation emerges from the holidays. The LendingTree Credit Card…
Bankruptcy News

Bankruptcy Filings Rise 16.8 Percent

Total bankruptcy filings rose 16.8 percent, with significant increases in both business and non-business bankruptcies, in the twelve-month period ending Dec. 31, 2023. This accelerates a continuing rebound in filings after more than a decade of sharply dropping totals. According…
Legal News

National debt reaches a new record of $34 trillion—or about $100,000 for every person in the U.S.

The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America’s balance sheet in the coming years. The U.S. Treasury Department issued a report Tuesday logging U.S.…
Educational News

Chase Freedom Student credit card review 2024

Editor’s Note: The Chase Freedom® Student credit card is no longer available to new applicants. Please see the issuer’s website for more information about available offers. Card details for The Chase Freedom® Student credit card have been collected independently by CNN Underscored Money…
Government News

January set to break record as busiest for New US corporate bonds

Jan 22 (Reuters) – The month is poised to be the busiest January on record for new U.S. corporate bond sales, with two regional banks on Monday adding to what has been a rush of post-earnings debt issuance by banks.…