Debt

'True' US Debt Is $175 Trillion: Former Coinbase CTO On 'Unpayable' Crisis
Mt. Gox Begins Long-Awaited Bitcoin Payouts: What It Means For Crypto Market
Credit Card Debt Rises As Consumers Face Higher Costs Of Living
Mt. Gox Begins Long-Awaited Bitcoin Payouts: What It Means For Crypto Market
Credit Card Debt Rises As Consumers Face Higher Costs Of Living
Michael Jackson Faced Over $500 Million Worth Of Debt At Time Of Death, Filings Show
Is Donald Trump's Gamble On Tax Cut Renewal Risking An Economic Disaster? The Numbers Seem To Suggest So.

Debt Recent News

This Millennial Paid Off $20K Credit Card Debt And Vowed To Never Look Back: 'I Just Feel Relieved
Shonnita Leslie, a 40-year-old millennial, shared her journey of paying off a substantial credit card debt and then deciding to cut up her cards, a decision she has stuck to for six years.
California Cannabis Industry Is Drowning In Debt: $732M Owed In Taxes, 72% By Companies Already Closed Down
Cannabis companies in California are facing a massive debt issue. The bulk of this debt, is owed by businesses that have already shut down.
China Says No Bullet Trains, Vacations Or Luxury Stays For Debt Skippers As Delinquency List Soars to 8M
The Chinese government is tightening the noose on debt defaulters, imposing stringent penalties that include restrictions on high-speed rail travel and luxury accommodations. This move is part of a broader crackdown on unpaid bills.
'Serious Debate' Needed To Avert 2025 US Debt Crisis, Warns Wharton Expert
Wharton professor Joao Gomes has expressed concern over the rapid growth of U.S. debt. He predicts that the U.S. could face a debt crisis by 2025 if Congress does not take immediate action.
Ticking Time Bomb: Over 85% Of Americans Fear National Debt Crisis Impact On Their Future
Over 85% of Americans are deeply concerned about the grave impact the burgeoning national debt may have on their future.
Analysts Upbeat On Blue Bonds: Anticipate Market Surge To Reshape Sustainable Finance Sector
Matt Lawton, a portfolio manager at T Rowe Price, likened the current state of the blue bond market to that of the green bond market a decade or so ago. He said, "I would liken the blue bond market today to where the green bond market was 10 to 15 years ago."
Yellen Warns Non-Bank Lenders Could Fail As Household Finances Become Stretched
Janet Yellen says the U.S. financial system is overall sound and well-capitalized.
Mortgage, Credit Card Surge Pushes US Household Debt To Record $17.5 Trillion, Delinquencies Up
Household debt in the US reached a new record high of $17.5 trillion in 2023, with significant increases in mortgage and credit card balances. Delinquency rates are also rising, causing concerns about consumer financial stress.
Carvana Plans Turnaround With Strategic Restructuring, Stock Rebound And Debt Overhaul: Report
Carvana undergoes restructuring led by CEO Ernie Garcia III, addressing bankruptcy concerns and improving stock performance.
'Bond King' Bill Gross Warns US $34 Trillion Debt Deficit To Fuel Inflation 'Like Global Warming' Over Next Decade: 'Significant Problem'
Gross expressed concerns over the compounding impact of annual deficits nearing $1.5 trillion. He warned of the growing disparity in rates and the mounting short-term debt.
Homebuilder Shares Hang In Balance As Credit-Stretched Consumers Await Rate Cuts
Hopes for strength in the housing market in 2024 are hinged on Fed rate cuts.
Companies Dive Into $150B Debt Spree Before Expected Fed Rate Cuts, Marking Fastest Start In 30 Years
The bond market is experiencing a flurry of activity as investors rush to secure higher-yielding paper before the expected interest rate cuts by the U.S. Federal Reserve. This anticipated move by the Fed is prompting companies to take advantage of the current lower borrowing costs, resulting in a surge of new bond issuance in 2024.
$34 Trillion National Debt Poses 'Boiling Frog' Threat To US Economy, JPMorgan Warns
JPMorgan raises alarm over the soaring $34 trillion U.S. national debt, likening it to a 'boiling frog' scenario. The bank emphasizes the potential for an unmanageable financial crisis if immediate action is not taken.
US Consumer Debt Moves Toward Pre-COVID Levels: Economist Shares Top Takeaways
Economist Jared Bernstein has recently discussed the state of consumer debt in the U.S., shedding light on its gradual return to pre-pandemic levels.
JP Morgan's Kolanovic Prefers Cash Over Stocks In 2024, Cites Improbability Of Swift Rate Cuts By Federal Reserve
As US Debt Crisis Deepens, 'Rich Dad Poor Dad' Author Robert Kiyosaki Warns Of Looming Economic Peril: 'America Is In Serious Trouble Financially'
The U.S. has witnessed a dramatic spike in its national debt, with an increase of a staggering $240 billion in November 2023 alone.
EXCLUSIVE: Fed Was Wrong On Inflation, 'We're Making It Very Hard For The Poor And The Middle Class To Catch Up,' Says Scaramucci
SkyBridge Capital founder Anthony Scaramucci is known for his bullish take on cryptocurrencies like Bitcoin (CRYPTO: BTC), which could be a
California Cannabis Co. Pays Off Debt, Here's What's Next
California's Lowell Farms Inc.
Tax Cuts From The Bush And Trump Eras Have Cost The Government $10 Trillion It Now Owes
Tax cuts enacted by the Bush and Trump administrations, with support from Congress, will cost the government an added $10 trillion in revenue by the end of this year.
Aurora Cannabis Takes Bold Step Towards Financial Recovery
Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) has repurchased an aggregate of roughly CA$12.3 million ($9 million) principal amount of its convertible senior notes in multiple transactions between August 16 and September 8, 2023.
3 Hidden Reasons The Economy Is Actually A Total Disaster And About To Get Much Worse
If you spend any time watching TV these days, you’ve probably heard pundits claiming that the economy is just fine. You may have heard that inflation and unemployment are down, home prices and the stock market are up, and that everything is rosy.  Unfortunately, that’s just not true. 
Revolving Door Of CEOs And Other Exec Positions At High Times: Who's The Latest New Face?
The iconic cannabis media brand has undergone yet another leadership change, reported  Green Market Report’s Debra Borchardt, a leading aut
Favorite AI Stock, Hedge Funds Win At The Expense Of Asset Allocators – Investors Discover Massive National Debt
To gain an edge, this is what you need to know today.