As the U.S. hurtles closer to a default on its debt as early as next month, the economic consequences could prove devastating, especially for millions who stand to lose their jobs. Even a brief debt ...

Treasury Secretary Scott Bessent on Sunday said that the U.S. government will never default on its debt as the federal government faces a looming deadline to address the debt limit this summer.

In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...

Explore what credit risk is, its impact on loans and investments, the role of credit ratings, and real-world examples to mitigate potential financial losses.

If the United States defaults on its financial obligations, millions of Americans might not be able to pay their bills as well. With Social Security and other government benefits at risk amid a ...

But in the letter, Democrats say they’ve received reports from borrowers who have suddenly had their tax refunds offset. It ...

The Kremlin pushed back on claims that Russia defaulted on its foreign-currency debts on Monday, placing the country at odds with creditors. "Claims that Russia is in debt default are wrong. A foreign ...

Student loan borrowers who haven't paid their debt now face seeing their wages garnished, Social Security benefits reduced, and more as debt collection resumes in 2025. A five-year break that began as ...

A mild recession, analysts say, would likely be the best-case scenario in the event of the US government defaulting on its debts. WASHINGTON -- The fight over raising the nation's borrowing limit ...

The twin towers in downtown New Orleans are in loan default, casting uncertainty over Hertz Investment Group’s holdings as ...