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United States Debt

U.S. Consumer Debt Reaches Historic High

AP | MARTIN CRUTSINGER | Posted 02.06.2013 | Money

WASHINGTON — Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. The increases drove U.S....

U.S. Will Hit Debt Limit No Later Than May 16, Geithner Says

Posted 06.04.2011 | Business

The United States will hit the legal limit on its ability to borrow no later than May 16, Treasury Secretary Timothy Geithner said on Monday, rampin...

Elise Foley

McConnell Issues Threat Over The Deficit | Elise Foley | Posted 05.25.2011 | Politics

WASHINGTON -- Senate Minority Leader Mitch McConnell issued a direct challenge to the Obama administration on Sunday, telling "Fox News Sunday" that R...

America's Next Economic Crisis

New York Times | Posted 05.25.2011 | Business

Some of the same people who warned of the looming subprime crisis two years ago are ringing alarm bells again. Their message: Not just small towns or ...