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Overdue credit card debt is the highest its been in more than a decade. Here’s what to do if you’re at risk

By Cora Lewis, Associated Press

Seriously overdue credit card debt is at the highest level in more than a decade, and people 35 and under are struggling more than other age groups to pay their bills.

Congressional Budget Office raises federal budget deficit projection by $400 billion

By Fatima Hussein, Josh Boak, Associated Press

Deficits are a problem for lawmakers in the coming years because of the burden of servicing the total debt load, an aging population that pushes up the total cost of Social Security and Medicare and rising health care expenses.

High inflation curbs spending as retail sales rise a meager 0.1% in May

By Anne D'Innocenzio, Associated Press

Retail sales rose 0.1% in May, below the pace that economists projected, according to the Commerce Department.

How Elon Musk’s $44.9B Tesla pay package compares to other top U.S. CEO plans

By Tom Krisher, Associated Press

Even though the median U.S. CEO pay package last year was nearly 200 times more than a worker in the middle of their company pay scales, Elon Musk’s record-setting Tesla compensation dwarfs them by comparison.

Tesla shareholders restore CEO Elon Musk’s $44.9 billion pay package in annual meeting vote

By Tom Krishner, David Hamilton, Associated Press

The favorable vote doesn’t necessarily mean that Musk will get the all-stock compensation anytime soon. The package is likely to remain tied up in the Delaware Chancery Court and Supreme Court for months as Tesla tries to overturn the rejection.

Siding with Starbucks, Supreme Court makes it harder for NLRB to win legal protections for unionizing workers

By Associated Press

The justices tightened the standards for when a federal court should issue an order to protect the jobs of workers during a union organizing campaign.

How banning medical debt from credit reports could help millions of Americans

By Laura Santhanam

By banning medical debt from being included in credit reports, this proposed rule from the Biden administration aims to address increasing discontent over the economic burden that can go hand-in-hand with serious health problems.

Thieves are taking electric vehicle charging cables for the copper wires. It’s another obstacle to selling Americans on EVs

By Tom Krisher, Associated Press

The price of copper is near a record high on global markets, which means criminals stand to collect rising sums of cash from selling the material.

WATCH: Powell speaks after Federal Reserve signals only one likely interest rate cut this year

By Christopher Rugaber, Associated Press

“We’ll need to see more good data to bolster our confidence that inflation is moving sustainably toward 2 percent,” Chair Jerome Powell said at a news conference.

Biden administration pushes to remove Americans’ medical debt off most credit reports

By Tom Murphy, Associated Press

The Consumer Financial Protection Bureau said Tuesday it is planning a rule that would prevent lenders from making decisions based on medical information.