The new year brings many new things for many people, but some aspects remain. Debt is a massive financial priority for m ...

One major disadvantage of debt settlement is that the government may tax forgiven or canceled debt as income. This could eat ...

U.S. Treasury Secretary Janet Yellen said that the government will reach its statutory borrowing limit on Tuesday and begin ...

Projections show steady budget deficits exceeding 5% of GDP, even assuming that the bulk of the 2017 tax cuts expire.

As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits ...

With the government reaching its borrowing limit, the department would start making the moves on Tuesday, the day after the ...

Janet L. Yellen, the outgoing Treasury secretary, urged lawmakers to raise the debt limit and protect the full faith and ...

The impending disconnection of Unstructured Supplementary Service Data (USSD) of nine commercial banks may not happen as the ...

Amounts forgiven through debt settlement may be taxed as income by the IRS. An IRS worksheet shows how to avoid paying taxes on debt settlement when you're insolvent. Taxpayers who are insolvent ...

Republicans are hunting for ways to pay for President Trump’s expensive plans while avoiding a freakout on Wall Street.

The debt ceiling issue presents an early challenge ... The Treasury has a number of extraordinary balance sheet measures it can employ to avoid default, which budget analysts say could last ...

The US Treasury Department will start taking "extraordinary measures" next week to avoid risking a default on government debt, Secretary Janet Yellen said Friday, days before President-elect ...