Debt

Due to its $8 billion debt load, Diamond Sports Group, the largest owner of regional sports networks, filed for bankruptcy protection on Tuesday. The Sinclair Broadcast Group division, which is unconsolidated and independently managed,…

An all-time high level of credit card debt in the United States has been piled up by the country's residents: nearly one trillion dollars. Rising inflation and the conclusion of economic stimulus programs have compelled many individuals…

US Treasury Secretary Janet Yellen warned on Saturday of catastrophic implications if the country's statutory debt ceiling is not raised in the coming months. According to the senior source, the US could default on its debt by the summer,…

The Treasury Department tells Congress that the United States debt ceiling will be reached within days. This creates the potential for a confrontation when Congress decides how to raise the debt ceiling. Treasury Secretary Janet Yellen…

A recent NerdWallet analysis found that the average US household had debts of more than $165,000 throughout the country. The national total debt now stands at $16.5 trillion, a rise of 7.65 percent from the previous year due to that…

Despite a court injunction preventing the Biden administration from temporarily executing debt discharges, some checks are beginning to be paid to certain student loan debtors. Borrowers who paid down their student loans after the…