Drastic measures are necessary “before we are crushed by the debt,” the country’s prime minister warned.
Category: Credit and Debt
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As Debt Piles Up, Countries See Fiscal Relief as Political Leverage
With developing nations crushed by unaffordable borrowing and Washington on the sidelines, some leaders are brokering debt forgiveness deals.
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No, a TikTok Trick Won’t Erase Student Loan Debt
Videos promoting a quick hack for having student loans forgiven are circulating. Experts warn the trick doesn’t work.
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What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
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Deficit Politics Returns in Debate Over Trump Tax Cuts
The legislation that Republicans are trying to push through Congress could swell the very fiscal imbalance that party leaders have promised to tame for years.
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Consumers Are Financing Their Groceries. What Does It Say About the Economy?
Increased use of “buy now, pay later” loans may signal shifting consumer habits, but could also be a troubling sign of financial stress.
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Economists Question G.O.P. Bill: Why Increase the Deficit in Good Times?
Huge deficits are already making bond investors nervous. Economists warn that could make it harder to respond to future crises.
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What ‘Buy Now, Pay Later’ Defaults Say About the Consumer
An increase in deferred pay-later loans has raised alarms, as the Trump administration seeks to gut the agency tasked with policing the sector.
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Japan’s Debt, Now Twice the Size of Its Economy, Forces Hard Choices
Japan’s government faces pressure to curtail debt-fueled spending that some argue has staved off populist waves.
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Under Trump, the Small Business Administration Clamps Down
At the Small Business Administration, deep staffing cuts and stricter loan terms are making it harder for entrepreneurs to get access to capital, contracts and technical assistance.