Debt

Why the Wells Fargo Scandal Really Matters

This scandal is a canary is a still very dangerous coal mine

By Rana Foroohar October 12, 2016

John Oliver Gave Away $14 Million on Last Week Tonight

Oliver managed to out-do Oprah with his giveaway

By Melissa Locker June 6, 2016

College Once Led by Bernie Sanders' Wife to Close

Burlington College to close its doors

By Charlotte Alter May 16, 2016

India's 'King of Good Times' Quits Parliament

He is embroiled in a controversy over $1.4 billion in unpaid debt

By Rishi Iyengar May 3, 2016

Millennials Need the Next President to Be Very Worried About the Debt

Because they are

By Michael A. Peterson April 29, 2016

How Pigeons Can Help Drones Fly Better

These are today's best ideas

By The Aspen Institute April 27, 2016

India Revokes Tycoon Vijay Mallya's Passport

He has reportedly been in the U.K. for more than a month

By Rishi Iyengar April 24, 2016

Our Debt Problem Needs Action—Not Empty Promises

5 questions for candidates on balancing the budget

By Maya MacGuineas April 14, 2016

Debt Is Wonderful—Until It's Crushing

Government borrowing can be healthy

By Charles Wheelan April 14, 2016

The Candidates Have to Get Real About Our Debt

Big government has become unaffordable

By Michael Tanner April 14, 2016

A Debt We All Must Pay

It is always tempting to cover presidential campaigns as theater or sport, especially in a year when the performances have been so flamboyant. But elections have consequences, and even though candidates' positions have a way...

By Nancy Gibbs April 14, 2016

Make America Solvent Again

$13,903,107,629,266. Can the nation afford this much debt? James Grant offers his view

By James Grant April 14, 2016

In the Latest Issue

The United States of Insolvency $13,903,107,629,266. Can the nation afford this much debt? A Debt We All Must Pay What Today’s Democrats Can Learn from Bill Clinton’s Crime and Welfare-Reform Bills Hillary Clinton’s campaign could...

April 14, 2016

Horace and Pete Put Louis C.K. in Debt

"Hey gang, we don’t have any money"

By Will Robinson / Entertainment Weekly April 12, 2016

India's 'King of Good Times' Leaves Country

Several banks that helped finance Vijay Mallya enterprises failed to prevent his departure

By Rishi Iyengar March 10, 2016

America's Debt Isn't the Crisis People Think

The answer from most economists may surprise you

By Jacob Davidson February 11, 2016

Puerto Rico Faces Debt Payment Deadline

Officials have said Puerto Rico's $72 billion debt is unable to be paid

By Suzanne Gamboa / NBC News December 1, 2015

How to Create Jobs in America Again

Honeywell's David Cote heads a $40 billion tech and manufacturing giant

By Rana Foroohar October 28, 2015

U.K. Protesters Rally Against Austerity Measures

Protesters expressed anger over welfare cuts and changes to strike legislation

By TIME Staff October 5, 2015

The Real Victims of the Student Loan Debt Crisis

The crisis is among students with relatively little debt but dismal job prospects

July 10, 2015

Why Americans Are Worse Off Than Greece

Greece may be dealing with a debt crisis, but the average U.S. household may have more to lose.

By S. Kumar / Fortune July 9, 2015

British Man Breaks Crowdfunding Site Trying to Bail Out Greece

But don't hold your breath

By Charlotte Alter June 30, 2015

How to Break the Millennial Debt Spiral

'We need to go beyond financial knowledge'

By P.R. Lockhart / New America June 22, 2015

Europe and Greece Are Playing Chicken—and Washington Isn't Helping

Washington is used to taking responsibility for anything that goes wrong in the world. But Europe and Greece need to figure this out

By Ian Bremmer June 8, 2015

5 Facts About the Greek Elections

The results of Sunday's elections in Greece pose major challenges to Europe

By Ian Bremmer January 27, 2015

The Most Completely Depressing Stat About Americans' Debt

Oof, it's a rough one

By Martha C. White December 11, 2014

City Council Jokes it Will Castrate Mayor if Debt Not Resolved

Joke got sent out by accident

By Charlotte Alter November 11, 2014

Judge Approves Detroit Bankruptcy Plan

The Motor City just took a major step toward recovery

By Denver Nicks November 7, 2014

This Is the Most Depressing Number in Personal Finance

It's the shocking amount we spend to be in debt

By Martha C. White October 28, 2014

Judge Holds Argentina in Contempt of Court

The South American country's showdown with the U.S. court continues

By Noah Rayman September 29, 2014

More Lenders Are 'Garnishing Wages' To Get Paid Back

If you’ve fallen behind on credit-card, medical, or other debt, there’s a growing likelihood that the lenders will simply help themselves to the contents of your paycheck -- or even your bank account -- to...

By Martha C. White September 23, 2014

Five Best Ideas of the Day: September 19

1. China should match its massive investment in Africa with robust support for the Ebola fight. By James Gibney in Bloomberg View 2. The market alone can’t drive advances in biomedical science. Philanthropy has a...

By The Aspen Institute September 19, 2014

America's Most Deeply Indebted Generation Will Surprise You

The one generation that's taken out way more debt and is reducing it at a slower pace than any other

By Fortune August 28, 2014

The Tricky Gimmick Congress Will Use to Fund Your Highways

Congress pays for a 10 month fix now by threatening greater deficits later.

By Alex Rogers July 15, 2014

Unemployed and in Debt, Young Americans Ask Congress for Help

Five years after the end of the Great Recession, America's young adults are still facing economic challenges.

By Becca Stanek June 26, 2014

2030: The Year Retirement Ends

The real debt-and-deficit crisis facing our country isn’t national—it’s personal. A look at the coming retirement apocalypse and what we have to do to avoid it

By Rana Foroohar June 19, 2014

Supreme Court Boosts Investors, Not Humanitarians

Argentina, the Obama Administration and a host of international financial and humanitarian organizations got a load of bad news Monday from the U.S. Supreme Court. But hedge funds and other investors that specialize in risky...

By Haley Sweetland Edwards June 16, 2014

Debt Is Bad for Your Health

President Barack Obama is trying to ease student loan debt—and it might be more important to our wellbeing than we realize

By Abby Abrams June 11, 2014

The Credit Card Bomb Just Waiting to Go Off

Last quarter, Americans collectively paid down $32.5 billion worth of credit card debt—but don't pat yourself on the back just yet: That's actually way less than we paid down at the end of the recession...

By Martha C. White June 11, 2014

Hillary Clinton Revises Financial Status from 'Dead Broke' to 'Obviously Blessed'

Clinton walked back her statement on Monday that her family suffered financially after leaving the White House. "We’ve been blessed in the last 14 years," she said

By Dan Kedmey June 10, 2014

Obama Will Take Student Debt Questions on Tumblr Town Hall

President Barack Obama will log on to Tumblr next Tuesday to answer students' questions about the cost of college and student debt. The live Q&A event is the latest example of Obama using live social...

By Jack Linshi June 5, 2014

How American Universities Turned Into Corporations

A profitable student loan market has fueled an arms race among colleges and universities, along with an astronomic rise in tuition that seeks to capture the student loan dollar through increasing fees.

By Andrew Rossi May 22, 2014

This Mind-Blowing Debt Graphic Will Probably Make You Sad

Student loans led a rebound in household borrowing last quarter, according to new figures from the Federal Reserve Bank of New York

By Dan Kedmey May 14, 2014

Only Rich Kids Should Go to College

The evidence keeps mounting: college loans are holding back young Americans in unprecedented numbers.

By Dan Kadlec May 14, 2014

Is Your City Drowning in Debt?

A new study shows how much debt residents in major American cities are carrying, and the results are surprising. Out of the top 20 cities analyzed by credit bureau Experian, Detroit — a municipality mired...

By Martha C. White May 7, 2014

Russia Agrees Deal to Slash North Korean Debt by 90%

Russia has finalized an agreement that will write off almost $10 billion owed by North Korea since the Cold-war era, with plans to build a gas pipeline and railway to South Korea through the communist state

By Pearly Tan April 21, 2014

Struggling to Repay Your Debt? The Snowball Method Could Help

How Chinese Loans to Africa Threaten U.S. National Security

CRFB President: Trump Tax Cuts Could Cost Your Kids Dearly

Trump's Tax Plan Could Add $5.5 Trillion to U.S. Debt