Kevin M. Warsh, whom Mr. Trump tapped to become the next chair of the Federal Reserve, could face fierce resistance if he tries to pursue substantially lower borrowing costs.
Category: Credit and Debt
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Tips for Lowering Your Credit Card Interest Rate
The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt.
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Founder of First Brands, Whose Bankruptcy Spooked Wall Street, Is Indicted on Fraud
Patrick James, who was earlier ousted from the beleaguered auto-parts maker, is accused by federal prosecutors of faking invoices and lying about hidden debt for years.
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Record Debt in the World’s Richest Nations Threatens Global Growth
The cost of borrowing is already choking crucial public spending in many developing economies. Now it’s raising broader alarms.
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Two Ohio Nursing Programs Show What Could Happen as US Limits Student Borrowing
Two different nursing school programs in Ohio offer a glimpse into what may happen when federal student borrowing has limits.
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Bessent Attended a Supreme Court Argument. Now He’s Telling Powell Not To.
Treasury Secretary Scott Bessent said it was a mistake for Jerome Powell to attend arguments in a case on Fed independence. But Mr. Bessent attended a tariff case.
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I.M.F. Raises Forecast for Global Growth as Tariff Drag Fades
The 3.3 percent rate for 2026 would match last year’s pace. Booming investment in artificial intelligence is buttressing global output.
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Michael Saylor’s Creative Bitcoin Strategy Isn’t Working
Michael Saylor’s financial alchemy thrust an ordinary software company, Strategy, into the center of the crypto frenzy. It all worked spectacularly, until now.
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Banks Ready Battle Plans to Save Their Credit Card Businesses
“Everything’s on the table,” an executive at JPMorgan Chase said, as the industry seeks to head off President Trump’s effort to cap interest rates.
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As Trump Pushes Housing Affordability, His Mortgage Chief Undermines It
Under Bill Pulte, Fannie Mae and Freddie Mac have pulled away from efforts to help low-income people buy homes.
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New Car Sales Are Rising Thanks to Purchases by the Well-Off
A larger proportion of new cars are being bought by affluent Americans as prices and interest rates for auto loans climb, analysts said.
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Dimon’s $770 Million Windfall Shows How Banking Is Great Again
The Trump administration is lifting regulations, and deal making is heating up. For Jamie Dimon, being JPMorgan Chase’s chief executive was more lucrative in 2025 than ever.