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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.…
Editorial News

US law firms bulk up with more mergers in the new year

Jan 10 (Reuters) – The U.S. legal industry has already seen a flurry of new law firm mergers in 2024, as Kilpatrick Townsend & Stockton on Wednesday became the latest to announce a combination with a smaller firm. Atlanta-founded Kilpatrick…
Bankruptcy News

Americans Are Carrying Record Household Debt into 2024

U.S. household debt grew by $800 million from 2022 to 2023, including a 16.6% growth in credit card debt. While the new year marks a time for new beginnings and a fresh start, millions of Americans entered 2024 with more…
Legal News

US banks warn costly deposits to weaken interest income in 2024

Jan 19 (Reuters) – Four U.S. banks warned of lower interest income for this year on Friday, capping a week of dour commentary from the industry that has been under pressure from high deposit costs. After more than a year…
Educational News

US bankruptcy case counts expected to continue climbing in 2024: Report

US bankruptcy filings rose 18% in 2023 due to higher interest rates, tougher lending standards, and the continued end of pandemic-era support measures, according to data from bankruptcy data provider Epiq AACER. According to the data published on Wednesday, the total bankruptcy filings rose…
Government News

Existing home sales rose 3% to start the year, but higher mortgage rates are already hurting

Sales of previously owned homes rose 3.1% in January to 4 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were down 1.7% year over year. The count is based on closings, so…
Bankruptcy News

US bankruptcy wave may stretch into 2024, but pace could slow

Dec 13 (Reuters) – The retail sector could continue to lead U.S. bankruptcies next year due to sticky inflation and high interest rates, but analysts expect easing monetary policy to offer some respite in the second half of 2024. There…
Legal News

Consumer bureau orders debt collection agency to shut down for illegal practices

New YorkCNN —  The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB determined were illegal collection practices. Specifically, the CFPB said that…