The Federal Reserve took its most aggressive step yet to try to tame rapid and persistent inflation, raising interest rates by three-quarters of a percentage point on Wednesday and signaling […]
Credit and Debt
Trending topics and news from the Credit and Debt category
Back to news home7 Million Bad Student Loans With No Way Out, for Anyone
There are hidden costs, even when the government is able to collect the money.One of the department’s most successful — and draconian — collection mechanisms is the Treasury Offset Program, […]
How Do Higher Interest Rates Bring Down Inflation?
This kind of communication was less common 30 years ago. But a series of Fed chairs — Alan Greenspan, Ben S. Bernanke and Janet L. Yellen — expanded the practice. […]
Will President Biden Forgive Student Loan Debt?
Justin Nelson’s letter, one of the thousands that arrived at the White House this month, said he was proud to vote for President Biden back in 2020. Now he had […]
China Sets Aside Push to Spread Wealth in Pivotal Year for Xi
BEIJING — For much of last year, China’s top leader, Xi Jinping, waged a fierce campaign to rein in private capital and narrow social inequalities. Regulators cracked down on tech […]
S&P Global Places Russia in ‘Selective Default’
S&P Global has placed Russia under a “selective default” rating after the Russian government said last week that it had repaid about $650 million in dollar-denominated debt in rubles.The ratings […]
Federal Reserve Walks a Tightrope Between Inflation and Recession
In an interview, James D. Hamilton, professor of economics at the University of California, San Diego, and a leading expert on the economic effects of oil shocks, said they had […]
What a Federal Reserve Rate Increase Means for You
Though the typical car payment has reached its highest levels since 2012, any Fed increase isn’t expected to make a meaningful difference — at least not yet.“Car loan rates will […]
Black Farmers Fear Foreclosure as Debt Relief Remains Frozen
The legal limbo has created new and unexpected financial strains for Black farmers, many of whom have been unable to make investments in their businesses given ongoing uncertainty about their […]
Inflation and Deficits Don’t Dim the Appeal of U.S. Bonds
Mr. Bernstein stipulated that while debt financing has its place, the White House also believes it has firm limits within its agenda. “The outcome of all this is going to […]