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Consumers are taking on more debt this holiday, even as they grow less confident in the economy

Every year, Hillary Lanier puts her holiday shopping on credit, racking up debt that takes months to pay off. This season, the production planner said her total balance across four credit cards is in the five-figure range. “It’s definitely higher prices,” she said. Lanier,…
Bankruptcy News

The State of Healthcare Bankruptcy in the U.S.: Why 2025 Is a Turning Point

Jennifer Riggins sits down with Thomas H. Curran, Managing Partner of Thomas H. Curran Associates, to unpack the accelerating wave of healthcare bankruptcies across the United States—and why 2025 represents a pivotal turning point for the industry. Together, they examine the rise…
Educational News

Trump officials move slowly on student loan forgiveness, repayment plan backlog: court filing

The Trump administration continues to move slowly in processing a massive backlog of applications from hundreds of thousands of student loan borrowers seeking debt forgiveness or an affordable repayment plan, a new court filing shows. As of the end of November, 802,730 requests to transfer into…
Government News

Claire’s new owner Ames Watson feuds with Asia-based suppliers over millions in unpaid debt

Tween retailer Claire’s is facing legal challenges from some of its Asia-based suppliers over millions in unpaid debts as it tries to emerge from a second bankruptcy under new ownership, according to claims the suppliers filed in Hong Kong.  The clash with…
Legal News

Trump tariffs: Small businesses take on high-interest rate loans to cover new costs

Some small businesses that have to pay the bill for President Trump’s new tariffs are taking on high-interest rate merchant cash loans and other forms of debt to cover that added cost. And several business owners who have taken on that costly debt…
Editorial News

Watchdog Warns Of US National Debt Interest Payments Hitting $1 Trillion

By Thérèse Boudreaux (The Center Square) – Budget watchdogs are sounding the alarm as the U.S. hit an unfortunate fiscal milestone in fiscal year 2025: government spending on debt interest payments alone topped $1 trillion this year. The federal government…
Bankruptcy News

Roomba maker files for bankruptcy, weighed down by debt and tariffs

The U.S. company that put robot vacuums into American homes has hit the skids. The maker of Roomba, called iRobot, has filed for bankruptcy about two years after its failed merger with Amazon. The company has struggled to keep up…
Government News

National Debt Hits $38.40 Trillion, Increased $2.23 Trillion Year over Year, $6.12 Billion Per Day

WASHINGTON, DC –Today, the Joint Economic Committee released its Monthly Debt Update for December, including the national debt’s interest rate and composition as of December 3, 2025. As of December 3, 2025, total gross national debt is $38.40 trillion. Relative to one year…
Educational News

Some student loan borrowers pay ‘more than necessary,’ advisor says. What to know about relief programs

With many federal student loan borrowers struggling to repay their debt, consumer advocates and financial advisors say it’s crucial that consumers know about the U.S. Department of Education’s affordable repayment plans and forgiveness programs. Unfortunately, some don’t. “Many borrowers end up paying more than necessary simply because…
Editorial News

Mexico Agrees to Meet Water Treaty Obligations for Farmers in the American Southwest

(Washington, D.C., December 12, 2025) – Today, the United States and Mexico reached an understanding to meet the current water obligations of American farmers and ranchers and for Mexico to repay the water deficit in Texas as part of the 1944 Water…