Debt

Despite warnings that the U.S. could run out of money by July, Scott Bessent insisted the country will not default on its debts during a hearing on Tuesday.

More than 5 million Americans who have defaulted on their student loans will have their wages garnished starting May 5 under the Trump administration's latest directive.

Texas Rep. Brandon Gill suggested it's more important to get the U.S. out of debt than it is for veterans to have federal jobs during a CNN interview Thursday.

Hunter Biden, citing millions in debt and homelessness after a wildfire, is seeking to drop his lawsuit against a former Trump aide over leaked laptop emails.

The holiday season has left many Americans with new debt balances, as 36% of consumers borrowed money for their holiday spending this year.

Luis Miguel reportedly owes between $250,000 and $280,000 in private flights according to Raúl 'El Piloto de las Estrellas' Aldana.

Americans are hoarding toilet paper and going into debt out of fear that Donald Trump's tariffs will drive up prices.

A Pennsylvania man who became a millionaire in 2017 over a wrongful murder conviction will soon return to prison after pleading guilty to killing a man over $1,200.

Debt-saddled Chinese property giant Country Garden said Tuesday that it did not expect to meet all of its offshore payment obligations in time as it battles to avoid default.

A 21-year-old man reportedly took his own life after losing a significant amount of money in online gambling games in Ahmedabad, Gujarat, India on Sunday, Sept. 11. 

A man was arrested after faking his own kidnapping in order to blackmail his parents to give him money.

A couple who were looking for ways to settle their debt tried to sell their kidneys. Instead, they ended up losing more money to fraudsters in Hyderabad.

Missing steel factory worker revealed to have killed himself by jumping into steel melting furnace. Investigators revealed the death could be related to the loss of thousands of dollars on the stock market.

Time Magazine has called Puerto Rico a 'Financial Catastrophe,' explaining that the island is in "dire financial condition."

The president says he’ll go back to pressuring House Republican leadership into considering the Senate’s comprehensive immigration reform bill. He might be facing an uphill battle.

If the United States defaults on the $12 trillion it owes in interest payments and social security bills, it would likely send shockwaves rippling through world markets. But even if Congress avoids an impasse, the effects of the political struggle will likely have consequences on immigration reform legislation.

If the U.S were to default on its loans the global impact would be severe, especially for Latin America.

Rep. Raúl Labrador (R-Idaho), a former member of the bipartisan House “Gang of Eight” on immigration reform, doesn’t see much of a future for a debate on an overhaul of the nation’s immigration system.

The Republican-majority House of Representatives might not get around to dealing with immigration until 2014. Advocates of reform fear that political tides might mean death for a bill.

Chilean woman sells herself to pay off education debt.

John McCain engaged Mike Lee in criticizing the Utah Senator's remarks about Inside-the-Beltway procedure.

Some states have introduced legislation making gold legal tender in the wake of a faltering dollar.

Today in fables of the rich and famous: the warlock helps the troubled Hollywood princess pay off her IRS debt.

A legal clause as the key to smoothing future debt restructurings could be undermined by a U.S. court ruling that Argentina must pay creditors holding its defaulted debt.

Sometime actress Pamela Anderson may consider heading back to work sooner than later: the former "Baywatch" star is in serious trouble with the IRS and has been hit with a double tax lien totaling over $300,000, according to TMZ.

Even after declaring bankruptcy, Actor Gary Busey is still in massive debt.

Argentina has won a reprieve against having to pay $1.33 billion next month to "holdout" investors who rejected a restructuring of its defaulted debt and have waged a long legal battle to be paid in full.

Within minutes of euro zone financeministers reaching a deal to cut Greece's debt late on Monday, commentators on Twitter were dismissing it as another exercise in "kicking the can down the road".

The Greek government and financial markets were cheered on Tuesday by an agreement between euro zone finance ministers and the International Monetary Fund to reduce Greece's debt, paving the way for the release of urgently needed aid loans.

A decade after staging the biggest sovereign default in history, Argentina faces another possible debt crisis after a U.S. court ordered it to pay $1.3 billion to holders of defaulted bonds.