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The US Has Reached Its Debt Limit. What Happens If It Isn't Raised?
The U.S. government reached the nation’s legal borrowing limit on Thursday, forcing the Treasury Department to resort to “extraordinary measures” to avoid a default.
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The US Is Hitting Its Debt Limit Today. What Happens If It Isn't Raised?
Economists say consequences of a default on the national debt could include higher interest rates, a stock market crash, a recession and massive job losses. NBC’s Alice Barr reports.
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Biden Announces $1.5 Trillion Drop in National Deficit
President Joe Biden announced Wednesday that his administration is on track to reduce the national deficit by $1.5 trillion in 2022, allowing the feds to pay down the national debt for the first time in six years.
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Thousands May Have Student Debt That Should Be Erased, Feds Say
A new federal report finds that record-keeping failures by the Education Department may have left thousands of Americans stuck with student debt that should have been forgiven.
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What to Do If Student Loans Actually Restart in May
Despite signs that the pause on student loans will be extended again, no announcement has been made. Experts say borrowers should be prepared to start paying.
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1 in 5 Workers Runs Out of Money Before Payday, Survey Finds
As prices spike, workers are running out of money faster: Now, 1 in 5 say they can’t make it from paycheck to paycheck.
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Couples Who Pool Their Money Are More Likely to Stay Together, Research Finds
Whether or not couples keep joint accounts could make or break a relationship, according to research. Here’s why.
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Most Medical Debt Is Coming Off Credit Reports. Here's What to Do If Yours Doesn't
Equifax, Experian and TransUnion recently announced that starting July 1, they will remove nearly 70% of medical debt from credit reports.
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Taking These 5 Steps Can Help Bulk Up Your Emergency Savings
Having enough cash set aside to cover big unexpected expenses can feel unattainable. But you may find more money in your budget by making some adjustments.
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Here's the Average Tax Refund So Far This Year — and the 3 Best Places to Stash Yours
A tax refund offers a rare opportunity to build a safety net. Here are three ways to stretch the one-time payment.
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Higher-Education Expert Proposes New Way for Biden to Cancel Student Debt Without Congress
Higher-education expert Mark Kantrowitz argues federal student loans could be forgiven via regulatory changes set by the executive branch.
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Most Medical Debt Will Be Wiped From Consumer Credit Reports
A large number of U.S. consumers will have their medical debt wiped from their credit reports, the nation’s largest credit reporting agencies announced.
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She Lost Everything in a Fire. Then Her Bank Froze the Savings She Needed to Move on
Siraba Keita’s experience reflects a tension between banks, their customers and creditors looking to collect on old debts.
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How the Federal Reserve's Rate Hike Impacts Student Loan Borrowers
The Fed’s recent interest rate hike will likely cause private student loans to get pricier, and for some, now is a good time to think about refinancing.
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Here's Why You Should Start Paying Off Debt Now — and How to Get Started
The danger comes from interest rate hikes occurring several more times over the next few months and potentially in bigger chunks.
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Skyrocketing Inflation Is Taking an Ever Bigger Bite Out of Your Paycheck
Wages are rising, yet the prices consumers must pay for goods and services are rising even faster.
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Here's What the Fed's Rate Hike Means for Borrowers, Savers and Homeowners
After holding rates near rock bottom for two years, the Fed is finally boosting its benchmark. Here’s what that means for you.
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Here's a Breakdown of How the Fed's Expected Rate Hike Will Impact Your Wallet
Here’s what an increase in the Fed funds rate means for your bank account, car loan, mortgage and credit card.
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Your 2019 Leased Car Is Now Worth an Average $7,200 More Than Expected. If Your Contract Ends Soon, Be Sure to Explore Your Options
The 2022 average trade-in value for 2019 model-year vehicles is 33% higher ($7,208) than the predetermined residual value, research shows.
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How Americans Can Cut Costs and Save Amid the Pain of Record Inflation
Higher prices are not going away any time soon. However, experts say there are steps you can take to protect your money.