Credit & Debt

Treasury Secretary Janet Yellen said in a Tuesday interview on CNBC that a debt ceiling increase must happen, and refused to take the budget reconciliation process off the table to do it.

Senate Republicans are promising to filibuster any effort to raise the debt limit, but Democrats are refusing to do it on their own.

The Treasury Department has taken extraordinary measures to avoid a financial crisis since the previous debt issuance suspension period expired. But without a new debt limit, the federal budget will hit reach the debt ceiling.

Sen. Mitch McConnell, R-Ky., blocked Senate Majority Leader Chuck Schumer, D-N.Y., in his bid to bypass a GOP filibuster and raise the debt ceiling with a simple majority vote on Tuesday afternoon.

A new report from the NY Fed found that 9.6% of Americans fear they might miss a debt payment in the next few months. Here's how you can get your debt under control.

Consumers are surprisingly doing well in terms of managing their credit despite pandemic challenges.

Credit card expert Beverly Harzog explains the best ways to pay off your credit card debt.

Both parties acknowledge the serious risks of their debt ceiling standoff, but neither is inclined to budge amid the high-stakes political posturing.

A post-secondary degree can leave borrowers with a six-figure student loan balance, but it's important to remember that federal student aid isn't “free money.” Keep reading to learn more about the average student loan debt and how you can pay it off faster.

The House could act as early as this week, as Democrats rush to avert a government shutdown and avoid a debt default, while simultaneously crafting a partisan $3.5 trillion tax and spending bill.

The House will vote this week on a measure to suspend the nation's $28 trillion debt ceiling before the federal government runs out of cash to pay its bills in October.

Treasury Secretary Janet Yellen renewed her call for Congress to raise or suspend the nation's debt before October, warning that failure to do so could trigger an unprecedented financial crisis in the U.S.

The Biden administration is warning state and local governments about drastic cuts to Medicaid, food stamps, disaster relief and other federal programs if Congress fails to raise or suspend the debt ceiling soon.

Senate Minority Leader Mitch McConnell rejected a request by Treasury Secretary Janet Yellen for Republicans to join Democrats and raise or suspend the debt ceiling before the federal government runs out of cash to pay its bills in October.

No one can tell you how many credit cards you should have. But these tips could help you find the number that’s right for you.

Mitch McConnell and Chuck Schumer are refusing to budge on their contradictory positions on the debt limit, and one of them will have to cave before the looming October deadline.

The amount of debt that Americans are carrying has increased, suggesting a return to pre-pandemic spending habits. See how you can pay down credit card debt without having to significantly cut your spending habits.

If you’re looking to compare debt consolidation loans for fair credit, consider these 15 options.

A fair credit score could help you get favorable interest rates. Here’s how to find the best personal loans for fair credit.

New credit score data is out in Experian's 12th annual State of Credit report.