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WASHINGTON — The nation reached its debt limit Thursday, beginning the uncertain process known as extraordinary measures, in which the U.S. Treasury Department uses accounting maneuvers to avoid defaulting on the debt. The often-used practice is intended to give the Republican House, Democratic Senate and Biden administration time to negotiate a bipartisan agreement to raise […]

The post U.S. hits debt limit and Treasury Department begins ‘extraordinary measures’ appeared first on Michigan Advance.

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The U.S. Treasury Department in Washington, D.C., on Saturday, March 26, 2022

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The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. After years of being in debt, Rachel Kramer Bussel came to a realization: “If I don’t become proactive about it,...

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WEDNESDAY, Jan. 18, 2023 (HealthDay News) -- The number of Americans who had trouble paying their medical bills dropped precipitously between 2019 and 2021, and funds from the American Rescue Plan and other federal pandemic relief programs may have been a reason why.

Chances are that your “buy now, pay later” bill from the holiday season will arrive soon or has already made its debut. If you’re not financially prepared to pay up, late fees or other charges can bury you deeper in debt. Circumstances can change over a matter of weeks through financial setbacks like unemployment, an unexpected...

WASHINGTON — The U.S. Department of Education unveiled a proposal Tuesday that would overhaul a federal student loan income-driven repayment plan, and, if implemented, could help millions of low-income borrowers. However, it’s unclear how the agency would be able to finance the program. Many student debt relief advocates also criticized the proposal for leaving out […]

The post New federal student loan repayment plan aimed at low-income borrowers appeared first on Michigan Advance.

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President Joe Biden speaks about electric vehicle manufacturing during a stop at the North American International Auto Show in Detroit on Sept…

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Between inflation driving up the cost of living and interest rates rising in response, 2022 was an expensive year. Talk of a recession continues, so 2023 may come with its own money challenges. And consumers are worried: NerdWallet’s annual household debt study found that nearly 7 in 10 Americans (69%) have financial concerns about the...