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.

Credit card debt reaches record high in US

(NEW YORK) -- U.S. credit card debt has soared over the last couple of years and recently it reached a major milestone.Americans' combined credit card balances topped $1 trillion dollars last year, according to the Federal Reserve Bank of New York.By comparison, combined credit... Read More.