The debt ceiling is the legal limit on the total amount of federal debt that the US government can have outstanding. Read ...

Creditors cannot have you arrested for credit card debt, but they can sue you for payment. If sued and you do not respond, a ...

Default risk refers to the possibility that a company may fail to meet its financial obligations, such as paying dividends or ...

The debt ceiling was reinstated on January 2, 2025. Lawmakers should lift it as soon as possible rather than relying on ...

Sri Lanka aims to transform its crisis-hit economy to prepare to resume debt repayments from 2028, President Anura Kumara ...

Service spending declines for five straight quarters as consumers tighten belts ...

Oakland's largest hotel, the 500-room Oakland Marriott City Center, has defaulted on a $100 million loan according to public ...

Brookings Institution researchers drew attention to an article by long-time Republican Mitch Daniels in the Washington Post, ...

Shielded from VTB and now in liquidation, OWH is no longer subject to sanctions. Assuming that it can pursue this claim, that means one of the issues in any litigation may well be whether sanctions ...

A credit default swap is insurance against the possibility of default. Learn about their role in the financial crisis of 2007 ...

The rising costs of federal debt, an impending budget showdown, and Congressional turmoil is highlighting the complex ...

Bank of England Governor Andrew Bailey said in an interview published on Monday that inflation was slowing and an expected ...