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 ...

Borrowers in default could see their wages garnished or Social Security benefits seized. Here's what you need to know. The Trump administration's announcement this week that it will restart debt ...

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 ...

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, ...

Senate Republicans are disavowing former President Trump’s call to let the federal government default on its debts unless President Biden agrees to “massive” spending cuts, dismissing Trump’s ...

The Department of Education announced Monday that it will resume collections on student loan debt next month, including by garnishing the wages of borrowers in default. Collections, which have been ...

Treasury Secretary Scott Bessent was firm on Sunday that the United States will never default on its debt, saying the country is “on the warning track and we will never hit the wall.” “The United ...

Starting in January, the Trump administration says it will garnish the wages of student loan borrowers who haven’t been able to make their payments for at least nine months. “It’s cruel and hostile to ...

Learn what is the statute of limitations on debt, how it varies by state and when debt may no longer be collectible. See how ...