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US will hit debt limit on Tue., Yellen says in letter
Federal government to hit $36T debt limit on Tuesday
President-elect Donald Trump will take charge of a federal government that will reach its self-imposed debt limit of $36 trillion dollars a day after he is sworn in on Monday.
US Treasury to launch measures to avoid debt limit breach on Tuesday
U.S. Treasury Secretary Janet Yellen said that the government will reach its statutory borrowing limit on Tuesday and begin employing "extraordinary measures" to keep from breaching the cap and risking a potential catastrophic default.
US will hit debt limit on Tuesday, Treasury's Yellen warns in letter. What happens next?
Treasury Secretary Janet Yellen, in a letter on Friday to congressional leaders, said the Treasury would begin using extraordinary measures Jan. 21.
CBO, Debt and budget deficit
New budget projections show US hitting debt record in 4 years: CBO
The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track to break a notable debt record in just four years.
CBO Projects US Debt to Grow $23.9 Trillion in 10 Years, Not Including Costs of Extending Tax Cuts
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump
US budget deficit to hit $1.9 trillion in 2025: CBO
The Congressional Budget Office (CBO) projected Friday that the federal budget deficit would hit $1.9 trillion in fiscal 2025. The nonpartisan budget scorekeeper estimated that federal spending would total $7 trillion during the fiscal year,
Biden Forgives $600 Million in Student Debt
Student Loan Update: Thousands Benefit from New Round of Debt Forgiveness
Biden announced more than $600 million in student loan forgiveness for an additional 8,000 borrowers on Thursday.
Biden approves final student loan relief, forgiving $600 million in debt
The last round of student loan forgiveness from the administration caps a tumultuous effort to deliver widespread relief to millions of Americans.
US Student Debt Ends Biden Era Bigger Than When He Took Office
One of President Joe Biden’s signature promises was to ease the student-loan burden on millions of Americans. He’ll leave office with the debt pile slightly bigger than when he arrived.
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on MSN
High-Profile SCOTUS Attorney Accused Of Using Firm's Money To Pay Gambling Debt
Federal prosecutors allege that SCOTUSblog publisher Thomas Goldstein failed to report millions of dollars in his poker ...
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on MSN
What happens if a debt collector sues you but you can't pay?
Being sued over old debt is stressful, but there are ways to resolve this issue, even if you're short on funds.
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on MSN
How to Avoid Paying Taxes on Debt Settlement
One major disadvantage of debt settlement is that the government may tax forgiven or canceled debt as income. This could eat ...
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on MSN
Treasury will begin steps to avoid debt default as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits ...
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on MSN
Can you dispute a debt that was sold to a debt collector?
Disputing debt in collections isn't just an option; it's advisable in many situations. . Every year, millions of Americans ...
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U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and ...
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House GOP's Budget Hawks Now Want A $4 Trillion Debt Limit Hike
The Treasury Department will begin using accounting moves soon to keep from defaulting. The House Freedom Caucus says its ...
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on MSN
Ro Khanna says Democrats should demand a minimum wage increase in exchange for helping Trump raise the debt ceiling
Democrats may need to help Republicans raise the debt ceiling this year.If that happens, Democrats aren't going to do it for ...
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