Government News

Goldman Sachs CEO David Solomon recently expressed his concerns that mounting US government debt will pose more of a problem if the economy does not grow faster. David Solomon voiced his concerns on $38 trillion national debt problem, joining the…

On November 10, the U.S. District Court for the District of Columbia received a notice from the CFPB informing the court that the DOJ’s Office of Legal Counsel has determined the Bureau may not legally request funds from the Fed under the…

On Sunday, Trump posted on Truth Social that opponents of his tariffs are “fools,” adding that the government is taking in trillions of dollars that will go toward paying down U.S. debt. “Record Investment in the USA, plants and factories going up…

The U.S. government shutdown on Wednesday entered its 22nd day, becoming the second-longest federal funding lapse ever, with no end in sight. The milestone means that the two longest shutdowns have both occurred while President Donald Trump was in office. The longest shutdown began in December…

America’s national debt is now climbing at its fastest rate ever, propelled in part by the “One Big Beautiful Bill” passed by Republicans earlier this year. A new forecast from the IMF shows the U.S. heading the route of countries in southern Europe famous…

European stock markets recovered some ground after a warning of fraud from two US banks triggered a sell-off in banking shares around the world. Two US regional lenders, Western Alliance Bank and Zions Bank, said on Thursday that they had…

WASHINGTON, Oct 15 (Reuters) – Top U.S. and Chinese officials will join Wednesday’s meeting of the Global Sovereign Debt Roundtable, where a key topic will be the lack of transparency about bank loans that have complicated developing countries’ debt restructuring efforts. International Monetary Fund…

As credit card debt ticks higher, there are more signs that consumers — even those with higher incomes — are struggling to manage their balances. Credit card debt hit $1.21 trillion in the second quarter, in line with last year’s all-time high, according to…

Senate Republicans are backing a budget package that would raise the debt ceiling by $5 trillion, the largest increase in U.S. history, raising questions about its economic impact. The proposal is part of President Donald Trump’s “One Big Beautiful Bill Act” and would…

The CFPB on April 30, 2025, reached an agreement with lender trade groups to vacate the Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information Rule (the Medical Debt Rule). The joint motion for entry of consent judgment was…