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PublishedJune 7, 2024
The number of debt-laden public companies worldwide is growing – including 2,000 in U.S. alone
So-called 'zombies' are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good.
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PublishedMay 31, 2024
Higher for longer rates mean no escape from the debt squeeze
Even where consumer spending looks solid, it’s often being funded by borrowing.
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PublishedMay 28, 2024
More people make ‘no-buy year’ pledges as overspending or climate worries catch up with them
Many are using the challenge to dig out of debt, while others seek to shore up their financial future.
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PublishedMay 23, 2024
Borrowers, especially the young, are struggling with credit card debt – a bad sign
Consumers are increasingly struggling to pay their credit card bills, raising concerns about severe delinquencies spiraling and sapping consumer spending.
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PublishedMay 11, 2024
U.S. debt tops $34 trillion, but commission to address it appears dead in Congress
The collapse underscores an unyielding dynamic in Washington, with lawmakers in both parties loath unpopular tradeoffs that would be necessary to stem the nation's swelling tide of red ink – particularly in an election year.
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PublishedFebruary 5, 2024
Some Americans are saddled with credit card debt as rent and everyday prices remain high
Noticeable pockets of Americans – renters, and lower- and middle-income borrowers – are running up their credit cards balances, and increasing numbers are falling behind on their debts.
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PublishedOctober 7, 2021
U.S. dodges default crisis – for now – as Senate votes to extend borrowing
The 50-48 vote in support of the bill to raise the government's debt ceiling by nearly a half-trillion dollars brought instant relief, but it provides only a reprieve.
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PublishedSeptember 21, 2021
House races to vote on government funding, debt as Republicans dig in to oppose
Once a routine matter, now Senate Majority Leader Mitch McConnell is refusing to provide Republican votes, even though he also relied on Democratic votes help raise the debt ceiling when his party had the majority.
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PublishedAugust 28, 2020
Capital One cuts card limits amid U.S. jobless-aid impasse
Some customers have complained their limits have been slashed by a third to two-thirds, eroding their ability to borrow in an emergency or potentially hurting their credit scores.
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PublishedJune 21, 2020
Virus contributes to outbreak of consumer debt in Maine
With jobs lost and bills piling up, many Mainers face mounting household debt triggered by the COVID-19 pandemic.
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