What happens if the debt ceiling is reached? The U.S. did reach the debt ceiling, in late January of 2023. Following that, then-Treasury Secretary Janet Yellen said “extraordinary measures ...

How the debt settlement process works. The typical debt settlement process takes a few years and looks something like this:. You stop making payments to your creditors. Instead, you start setting ...

Debt settlement can provide relief for those facing overwhelming debt, but it's not a decision to make lightly. The credit damage can be significant and long-lasting, and there's no guarantee the ...

Callable CDs tend to come with higher interest rates than traditional CDs, as they're a lower risk for financial institutions. If rates drop, they can recall the CD and start offering new CDs at ...

Economics correspondent Paul Solman explains the ballooning national debt, how we got here and what it means for our economy and future generations. Full Episode. Wednesday, Jul 23.

I am about to receive an inheritance. Coincidentally, a credit-card company is suing me for $1,000. If you have any tips for getting them to just accept a settlement instead of the full amount, I ...

The nation’s debt ceiling was reinstated Thursday, giving congressional Republicans yet another divisive challenge to contend with in 2025. President-elect Donald Trump is demanding that GOP ...

The federal government is taking on record amounts of debt year after year. The U.S. owes lenders more than $36 trillion. That is close to an all-time high when comparing the debt to the country ...