The Trump administration will begin to seize student debt repayments from the wages of borrowers in default early next year, ...

Millions of Americans face paycheck cuts starting January 7, 2026, as the federal government restarts student loan wage garnishments. Up to 15% of after-tax income can be withheld for defaulted loans.

Beginning in June 2025, nearly 450,000 Americans aged 62 and older who have defaulted on their federal student loans may experience reductions in their Social Security checks. These reductions result ...

The U.S. gross national debt has surpassed $38 trillion for the first time, U.S. Treasury Department data shows. The country's mounting debt comes as the government remains closed, disrupting the ...

The federal government just accumulated an additional $2 trillion in debt over the last 12 months. That's the kind of debt surge America usually racks up in wartime or during major national ...

The United States has a hair-on-fire problem: its debt. This reality is not disputed by pretty much any credible person or entity, including the Treasury and the Fed. U.S. government debt is massive, ...

Moody’s Downgraded the US… Should You Care? The S&P downgraded the US credit rating in 2011. Then, in 2023, Fitch followed suit. Finally, Moody's pulled the trigger on May 16, 2025. Their decision ...

Globally, government debt/GDP ratios and debt service costs have increased since the GFC and Covid, raising the relevance and importance of sovereign bond indices like the FTSE Debt Capacity World ...

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With federal oversight in retreat, deep-pocketed collection companies are aggressively pursuing down-and-out consumers who are struggling with record levels of credit card debt. Meanwhile, consumer ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...