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Credit Card Debt Still At Record Levels

Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says

Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong, despite high borrowing costs.

Forbes · 1h

This Week In Credit Card News: Credit Card Debt Still At Record Levels

Americans Struggle with Record Credit Card Debt U.S. credit card debt reached a record $1.17 trillion in the third quarter of 2024, growing from $770 billion in the first quarter of 2021 and the share of active credit card holders making just minimum payments rose to 10.75%, the highest percentage ever in data going back to 2012. [ The Guardian]

ABC · 3h

Americans' credit card debt reaches new record high: New York Federal Reserve

Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.

Cut debt now or face an 'economic heart attack'

The Economic Times on MSN · 7h

Ray Dalio forewarns Trump: 'Cut debt now or face economic heart attack' | Tucker Carlson | WGS 2025

Billionaire investor Ray Dalio has warned that the world is on the verge of a major debt crisis. Speaking at the World Governments Summit in Dubai with Tucker Carlson, Dalio highlighted global debt as a pressing issue.

CNBC on MSN · 13h

Ray Dalio to the Trump administration: Cut debt now or face an 'economic heart attack'

Dalio stressed that governments are responsible, and that leaders should make a pledge to reduce the U.S. budget deficit from 7.5% to 3% of GDP or resign.

Cryptopolitan on MSN · 10h

Ray Dalio says US debt crisis will trigger an economic collapse

Hedge fund manager Ray Dalio has warned that the United States is on the brink of a financial disaster, and unless drastic steps are taken to slash the deficit, the economy will spiral into collapse.

Republicans, Debt Limit and House

Bloomberg on MSN · 1d

Quarreling Republicans Float Plan to Cut Taxes, Raise Debt Limit

House Republican leaders took the first step Wednesday toward enacting trillions of dollars in tax cuts and raising the nation’s $36 trillion debt limit, offering a plan that risks rankling quarreling factions in the party.

The Boston Globe · 19h

House Republicans unveil blueprint to extend $4.5 trillion in tax cuts and lift the debt ceiling

WASHINGTON — House Republicans released a budget plan Wednesday that sets the stage for advancing many of President Trump’s top domestic priorities, providing for up to $4.5 trillion in tax cuts and a $4 trillion increase in the debt limit so that the US can continue financing its bills.

Investing.com on MSN · 1d

U.S. House Republicans suggest raising debt limit, tax cut and spending cuts

The U.S. House Republicans have suggested a new budget resolution that includes raising the debt limit by $4 trillion. This proposal is part of a larger fiscal strategy that also includes a $4.5 trillion tax cut and $2 trillion in cuts to mandatory spending over the next decade.

1hon MSN

Americans are piling on debt at a furious pace, as tariffs loom

Americans kept piling on debt during the holiday season, opening up a large number of new credit cards and stalling — at ...

4hon MSN

Secured vs. unsecured debt: Everything to know now

Adrienne Hines, a bankruptcy attorney, explains that secured debt gives lenders "security" through valuable assets such as ...

8hon MSN

DOGE subcommittee holds first hearing slamming $36T national debt, as House Republicans declare 'war on waste'

House Subcommittee on Delivering on Government Efficiency Chairwoman Marjorie Taylor Greene, R-S.C., waged "war on waste" ...

4hon MSN

US Consumer Debt Delinquency Hits Highest in Almost Five Years

The share of outstanding US consumer debt that’s in delinquency rose in the fourth quarter to the highest in almost five ...

How Americans Will Prioritize Their Finances in 2025: Spending, Saving And The Debt Dilemma

The financial landscape in 2025 is shaping up to be anything but predictable. With shifting economic policies, lingering ...

NY Fed finds rising consumer debt amid some fraying for car loans

Overall debt levels held by Americans rose modestly in the final quarter of last year on a healthy consumer sector, even as ...

11h

What Is The Debt Ceiling, And What Could Defaulting Mean?

The debt ceiling is the legal limit on the total amount of federal debt that the US government can have outstanding. Read ...

9hon MSN

Being mortgage-free has transformed my life. I travel more, enjoy my work, and axed my credit debt.

After Lucy Thorpe got divorced, she sold their house, paid off the mortgage, and bought a new home outright. Now, she's ...

11h

Ending US aid will heat up sovereign debt fights

Donald Trump’s attempt to align foreign aid with his America First policy is too blunt and will have deadly consequences.

23hon MSN

Debt consolidation loan vs. debt consolidation program: Which is better with inflation rising again?

Increasing inflation could have an impact on the type of debt consolidation it makes sense to pursue right now.

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Credit Card Debt Still At Record Levels

Cut debt now or face an 'economic heart attack'

Republicans, Debt Limit and House

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