For many who had the good fortune of having their loans canceled in 2025, they may be wondering what that means for their tax return.

As the national debt is a few months from reaching $39 trillion, and perhaps $40 trillion by the end of this year, it is puzzling how unperturbed the political class is. Or perhaps not. Writer and ...

The U.S. government’s gross national debt – the total amount of money owed its creditors and other financial obligations – hit a record high of more than $38 trillion on Oct. 22, the Treasury ...

LONDON, Sept 25 (Reuters) - Global debt hit a record high of $337.7 trillion at the end of the second quarter, driven by easing global financial conditions, a softer U.S. dollar and a more ...

Debt settlement and bankruptcy are drastic solutions for serious financial problems. Most consumers who qualify for Chapter 7 are better off choosing bankruptcy. Debt settlement can be a better option ...

Based in San Mateo, California, Freedom Debt Relief was founded in 2002 with a mission to help Americans who have become overwhelmed by their unsecured debt. Launched during a time of rising consumer ...

Amounts forgiven through debt settlement may be taxed as income by the IRS. An IRS worksheet shows how to avoid paying taxes on debt settlement when you're insolvent. Taxpayers who are insolvent can ...

Feb 10 (Reuters) - The U.S. government has nearly $36 trillion of debt on issue and its bonds are the bedrock of the global financial system. President Donald Trump said Sunday his administration was ...

President-elect Donald Trump said Thursday that Congress should get rid of the debt ceiling, a day after he and Elon Musk came out against a deal reached by congressional lawmakers to fund the ...

Many countries burdened by high debt levels are struggling to invest in key areas like education, healthcare, and climate action. Debt-for-development swaps (debt swaps) offer a way to improve ...

The U.S. national debt surpassed $36 trillion for the first time in the nation's history on Friday as the federal government continues to accumulate debt at a record-setting pace. New data from the ...