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Fed Reserve Chairman Kevin Warsh holds a press conference in Washington

Economy Sep 16

What the Fed rate hike likely means for you

By Paul Wiseman, Associated Press

Nation Aug 11

indebt
Watch 7:09
Credit card debt surges in U.S. as high interest rates make it harder to pay off

Americans owe more than a trillion dollars in credit card debt, up 60% from just five years ago. Meanwhile, higher interest rates make debt even more difficult to pay off, a downward spiral causing credit card delinquencies to surge. Economics…

By Paul Solman, Ryan Connelly Holmes

Politics Jan 10

FILE PHOTO: Credit cards are pictured in a wallet in Washington
Banks balk as Trump pushes for 1-year, 10% cap on credit card interest rates

Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move thatĀ could save AmericansĀ tens of billions of dollars but drew immediate opposition from an industry that has been in his corner.

By Ken Sweet, Seung Min Kim, Associated Press

Nation Jun 19

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

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.

By Cora Lewis, Associated Press

Economy Jan 12

Customers shop in a Lidl supermarket near Nice
Watch 4:47
Rising prices push many Americans further into credit card debt

Inflation rates fell for the sixth consecutive month, but Americans are still feeling the pinch from higher than usual prices. Many have been forced to pull out their credit cards, even while interest rates on those cards are soaring. Michelle…

By Geoff Bennett, Dorothy Hastings

Aug 15

Why aren't Millennials racking up credit card debt?

By Courtney Norris

An analysis by The New York Times reported that millennials are taking on fewer mortgage and auto loans than previous generations, and as a result, they use credit cards less than people did at their age in the past.

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Aug 14

Watch
No image
Elderly Face Soaring Prices Amid Economic Slump

Among Americans hit hard by the country's economic downturn are senior citizens, who are struggling to pay energy and food bills and reeling from cuts to community services due to budget constraints. Tom Bearden reports from Denver.

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Full Episode
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