Government News

The US State Department has said it will start to revoke the passports of Americans who owe significant amounts of child support. The department announced that parents who have outstanding debt of more than $2,500 (€1,844) in child support payments…

Auto debt is becoming a bigger problem for consumers, a new report shows. Total auto debt reached $1.68 trillion at the end of 2025 — a 37% increase since late 2018, when the debt was at $1.23 trillion, according to a new analysis by…

Treasury yields moved higher on Thursday as tensions between the U.S. and Iran with the Strait of Hormuz reignited inflation fears. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — rose more than 3…

U.S. Treasury yields ticked lower Friday after the Justice Department abandoned a criminal investigation into Federal Reserve Chair Jerome Powell, paving the way for the Senate to vote on nominee Kevin Warsh as his replacement to head the central bank. The yield…

The clock is ticking on the U.S.-Israeli war in Iran. The emerging view from oil industry executives and analysts is that the economic and market fallout from the war could escalate sharply if the Strait of Hormuz isn’t reopened within roughly the next…

The U.S. budget deficit surpassed $1 trillion for the fiscal year through February but was sharply lower than the same period a year earlier, Treasury Department data showed Wednesday. Outlays exceeded receipts by $308 billion in February, roughly in line…

Rising oil prices tend to push up the cost of groceries, but that doesn’t mean shoppers need to rush out and stock up, economists say. Brent crude has surged above $100 a barrel in recent weeks — after trading closer to $60 in…

The New York City Department of Consumer and Worker Protection (NYC DCWP) has adopted a comprehensive set of amendments to its debt collection rules, effective September 1, 2026. The final rule clarifies that New York City’s consumer protection framework applies not only…

Global debt climbed to a record $348 trillion at the end of 2025, after nearly $29 trillion was added over the year in the fastest yearly build-up since the pandemic surge, a banking trade group reported on Wednesday. The increase…

Nearly 1 in 5 Americans owe some amount of medical debt, according to the Consumer Financial Protection Bureau. And while paying it back may be a significant burden on its own, it will now have a smaller impact on Americans’ overall financial health. Medical…