debt
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PublishedDecember 20, 2024
House approves funding bill and sends to Senate hours before shutdown deadline
The bill was approved 366-34 and now goes to the Senate, for expected quick passage.
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PublishedOctober 24, 2024
More than 1,500 Mainers will get relief from $1.8 million in medical debts
A local nonprofit partnered with a national charity to wipe out $1.8 million in unpaid medical bills.
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PublishedJune 18, 2024
Watchdog raises 2024 federal budget deficit projection by $400 billion
Deficits are a problem for lawmakers in the years to come because of the burden of servicing the total debt load, an aging population that pushes up the cost of Social Security and Medicare, and rising health care expenses.
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PublishedJune 7, 2024
The number of debt-laden public companies worldwide is growing – including 2,000 in U.S. alone
So-called 'zombies' are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good.
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PublishedMay 31, 2024
Higher for longer rates mean no escape from the debt squeeze
Even where consumer spending looks solid, it’s often being funded by borrowing.
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PublishedMay 28, 2024
More people make ‘no-buy year’ pledges as overspending or climate worries catch up with them
Many are using the challenge to dig out of debt, while others seek to shore up their financial future.
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PublishedMay 23, 2024
Borrowers, especially the young, are struggling with credit card debt – a bad sign
Consumers are increasingly struggling to pay their credit card bills, raising concerns about severe delinquencies spiraling and sapping consumer spending.
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PublishedMay 11, 2024
U.S. debt tops $34 trillion, but commission to address it appears dead in Congress
The collapse underscores an unyielding dynamic in Washington, with lawmakers in both parties loath unpopular tradeoffs that would be necessary to stem the nation's swelling tide of red ink – particularly in an election year.
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PublishedFebruary 5, 2024
Some Americans are saddled with credit card debt as rent and everyday prices remain high
Noticeable pockets of Americans – renters, and lower- and middle-income borrowers – are running up their credit cards balances, and increasing numbers are falling behind on their debts.
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PublishedJune 2, 2023
Just days to spare, Senate gives final approval to debt ceiling deal, sending it to Biden
Fending off a U.S. default, the Senate has given final approval to a debt ceiling and budget cuts package.
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