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US government debt to top $54 trillion in next decade, CBO says

(WASHINGTON) -- The federal government's record-high national debt is set to get even bigger, reaching a massive $54 trillion by the year 2034.That's according to a new forecast released Wednesday from the nonpartisan Congressional Budget Office (CBO).The CBO cited an aging population and rising federal... Read More.

How US national debt grew to its $31.4 trillion high

(WASHINGTON) -- A ticking clock in Washington to avert default by raising the nation's borrowing limit is drawing attention to the $31.4 trillion debt already accrued by the United States government.The country hit its current debt ceiling in mid-January and is expected to run... Read More.

US credit card debt now totals nearly $1 trillion

(NEW YORK) -- U.S. consumer credit card debt has jumped to nearly $1 trillion, the Federal Reserve Bank of New York said on Thursday.Credit card balances increased more than $60 billion over the three months ending in December, lifting the total amount of U.S.... Read More.