Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Some 700,000 British households face a jump in mortgage costs when their fixed-rate deals end in 2025, as upheaval in the UK financial markets over recent weeks threatens to drive borrowing costs higher. Mortgage rates […]
J Studios | Digitalvision | Getty Images In Saïd Sayrafiezadeh’s fictional short story, “Minimum Payment Due,” the main character is trapped in credit card debt and desperate for a way out. The fact that the experience is common — more than a third, or 38%, of adults in the U.S. have credit card debt, according […]
U.S. Treasury Secretary Janet Yellen speaks during a visit to the Financial Crimes Enforcement Network in Vienna, Va., on Jan. 8. Susan Walsh/AP hide caption toggle caption Susan Walsh/AP WASHINGTON — Treasury Secretary Janet Yellen said her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from […]
WASHINGTON — With just hours to go before the federal government begins shutting down for lack of funds, House Republicans on Friday plan to hold a vote to fund the government for three months and provide disaster relief and farm aid. In order to pass the full House before the midnight shutdown deadline, however, the […]
Sen. Susan Collins (R-Maine) said Wednesday evening that she was taken aback by President-elect Trump’s demand that the stopgap spending bill be used to increase the debt ceiling. Collins, the top GOP appropriator, told reporters that she was surprised by the call and indicated that it had not come up in talks ahead of the […]
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here Today’s agenda: EU farm subsidy reform; Syrian asylum claims put on hold; FT Business Book of the Year; Christie’s dinosaur […]
Stay informed with free updates Simply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox. The World Bank will underwrite a loan for Ivory Coast to replace costly bonds less than a year after the world’s biggest cocoa producer paid high rates to tap markets, as African countries struggle to […]
Dave Ramsey Says Those Predicting The ‘Economic End Of The World’ Over The National Debt Have Been Consistently Wrong Dave Ramsey has seen it all when it comes to predictions about the economy. And when it comes to the national debt, he’s clear: people have been sounding alarms about an “economic end of the world” […]
close up man hand opening empty wallet over calculator , debt expense bills monthly and credit card … [+] at the table in home office , managing payroll,money risk financial concept getty An Associated Press report dug into “buy now, pay later” programs and the problems they can cause. They can be particularly attractive to […]
Get out of credit card debt and stay out. getty Financially successful people find ways to get out of credit card debt. However, staying out of credit card debt is more challenging than ever. Many merchants no longer take cash making the cash envelope system difficult to implement. We use credit cards for everything: checking […]
