Debt Follow the latest Debt news, videos, and analysis from ABC News.
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Mar 5, 2024, 10:46 AM
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Medical debt in US associated with worse physical and mental health, premature death: Study
Medical debt across the U.S. is associated with worse physical and mental health, and even premature death.Mar 5, 2024, 10:46 AM
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Mar 5, 2024, 3:42 PM
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Biden administration finalizes rule cutting credit card late fees
Biden administration officials said "a handful of large banks" account for $14 billion in credit card late fees charged to American households every year.Mar 5, 2024, 3:42 PM
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Feb 6, 2024, 11:47 AM
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Americans' credit card debt hits record $1.13 trillion
Credit card debt increased by $50 billion in the fourth quarter of 2023 alone, a 4.6% jump from the previous quarter.Feb 6, 2024, 11:47 AM
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Jan 10, 2024, 4:11 PM
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Single mom who paid off $34K of debt empowers other single moms to face their debts
Dyana King, a single mom of two, told "Good Morning America" how she paid off more than $34,000 in debt between 2016 and 2020.Jan 10, 2024, 4:11 PM
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Jan 5, 2024, 4:05 AM
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Single mom who eliminated $77K in debt reveals 4 tips for the new year
Kumiko Love posted her viral budgeting method on her site, which combined three clever tips for smart financial habits. Now, she's sharing fresh ideas for the New Year.Jan 5, 2024, 4:05 AM
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Oct 31, 2023, 9:05 AM
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Narrower Biden administration student loan relief plan would target hardest-hit borrowers
Officials released a draft of the plan, but full details are likely months away.Oct 31, 2023, 9:05 AM
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Jun 30, 2023, 11:28 AM
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Supreme Court strikes down Biden student loan forgiveness program
The program would have benefited 43 million Americans at a cost of $400 billion.Jun 30, 2023, 11:28 AM
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Jun 27, 2023, 4:23 AM
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Couple pays off debt after dream of building vacation home uncovers financial nightmare
Husbands David Auten and John Schneider, the hosts of the “Queer Money” podcast and creators of the Debt Free Guys blog, share how they paid off $51,000 in debt.Jun 27, 2023, 4:23 AM
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Jun 25, 2023, 4:05 AM
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Mom’s grocery budgeting hacks help cut down $93K in debt
Best ways to save on food and household staples.Jun 25, 2023, 4:05 AM
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Jun 22, 2023, 4:12 AM
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How she paid $180K in student debt with monthly interest almost as much as her rent
Cari Swanger paid off her student loan debt in 33 months thanks in part to refinancing to lower her interest rate.Jun 22, 2023, 4:12 AM
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May 31, 2023, 9:50 PM
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Debt ceiling deal passes the House as US moves closer to preventing historic default
The House passed a debt ceiling bill on Wednesday while cutting government spending over the next two years, in a victory for both Biden and Kevin McCarthyMay 31, 2023, 9:50 PM
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Jun 1, 2023, 11:41 PM
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Senate passes debt ceiling deal, staving off default
The Fiscal Responsibility Act, the product of weeks of negotiation between Biden and McCarthy, will raise the debt limit until January 2025 and enact some spending cuts.Jun 1, 2023, 11:41 PM
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May 31, 2023, 5:18 PM
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House moves closer to vote on debt ceiling deal as lawmakers race to prevent default
The vote will be a major test for Speaker Kevin McCarthy, who faces a potential revolt from GOP hard-liners if he fails to get a majority of Republicans to back the bill.May 31, 2023, 5:18 PM
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May 31, 2023, 5:15 PM
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Will the debt ceiling deal actually increase SNAP food stamp eligibility, cost?
The nonpartisan CBO estimated the provisions relating to SNAP would add $2.1 billion in direct spending and 78,000 people would gain benefits in an average month.May 31, 2023, 5:15 PM
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May 31, 2023, 10:56 AM
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Congress has days to OK debt limit deal before default: Timeline of what's next
Lawmakers have days to pass a debt ceiling bill in Congress before the predicted June 5 "X-date" for defaultMay 31, 2023, 10:56 AM
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May 30, 2023, 9:11 PM
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Debt ceiling deal to prevent default narrowly passes 1st big test in key House committee
GOP hard-liners on the House Rules Committee have vowed to block the bill.May 30, 2023, 9:11 PM
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May 27, 2023, 10:18 PM
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McCarthy announces tentative debt limit deal with White House
The agreement comes just days before potential default.May 27, 2023, 10:18 PM
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May 26, 2023, 2:23 PM
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Negotiators have 'made progress' but no debt limit deal as deadline nears: McCarthy
With potential default just six days away, House Speaker Kevin McCarthy arrived at the Capitol Friday telling reporters he remained optimistic a deal could be reached.May 26, 2023, 2:23 PM
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May 26, 2023, 8:03 PM
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Biden 'optimistic' for debt ceiling deal after new date
The update buys much-needed time for debt ceiling negotiators to hammer out a dealMay 26, 2023, 8:03 PM
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May 26, 2023, 11:33 AM
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Debt ceiling drama hurting American families: 'We're being treated like numbers'
Susan Meachum, who says she relies on Social Security, told ABC News she will "lose everything" if the debt limit isn't raised.May 26, 2023, 11:33 AM
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May 26, 2023, 2:29 PM
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'I would have nothing': Low-income older people fear debt default that stops Social Security
The consequences of a U.S. debt default for low-income older people could be "absolutely disastrous," one expert said.May 26, 2023, 2:29 PM
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May 22, 2023, 4:38 PM
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Could the 14th Amendment be used to resolve the debt limit crisis?
The 14th Amendment is primarily known for its citizenship rights and equal protection clauses, but also contains a section related to the nation's public debt.May 22, 2023, 4:38 PM
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May 22, 2023, 8:52 PM
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Biden and McCarthy sound optimistic on debt ceiling deal after meeting, but 'differences' remain
Biden and House Speaker Kevin McCarthy meet Monday with just 10 days to reach a debt ceiling deal or risk an unprecedented defaultMay 22, 2023, 8:52 PM
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May 19, 2023, 1:16 PM
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Debt ceiling breach could cut millions of jobs. Here's who would lose employment first
A debt default could cause nearly 8 million job cuts, Moody's Analytics said.May 19, 2023, 1:16 PM
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Jan 30, 2023, 4:00 AM
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Mom pays off $72K in student loan, credit card debt using these tips
Amanda Courtney accrued over $20,000 in interest on her student loans.Jan 30, 2023, 4:00 AM
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Jan 19, 2023, 11:02 PM
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Teacher who adopted her former student and his brother eliminates over $48,000 in debt
Chelsea Haley of Marietta, Georgia, has eliminated a total of $48,683.41 in debt -- the amount she owed in credit cards and student loans with interest.Jan 19, 2023, 11:02 PM
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Nov 30, 2022, 4:05 AM
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Fit Finance: How to build an emergency fund, how much to save for it and how to avoid spending it
How to build an emergency fund, how much to save for it and how to avoid spending it.Nov 30, 2022, 4:05 AM
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Aug 29, 2022, 4:02 AM
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Debt Diaries: She paid off a $102K student loan and bought a house in the same month
In this edition of Debt Diaries, meet Melissa Jean-Baptiste, who got serious about her finances and then got serious about adulting.Aug 29, 2022, 4:02 AM
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May 23, 2022, 4:48 AM
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The student debt gender gap: Women burdened more by debt call for systemic changes
The burden of student debt falls on women, which leaves lasting consequences, experts sayMay 23, 2022, 4:48 AM
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Jul 13, 2022, 12:38 PM
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Fit Finance: How to create a 1-year spending plan and rethink your budget
Tasha and Joseph Cochran of One Big Happy Life will guide you through the process.Jul 13, 2022, 12:38 PM
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Mar 7, 2022, 4:04 AM
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Mom reveals how she paid off $137,000 debt
Texas mom Brandyn Rodriguez shares how she paid off $137,000 in debt with her husband DJ over the course of 59 months.Mar 7, 2022, 4:04 AM
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Jan 10, 2022, 4:01 AM
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How this couple used side hustles to pay off $144K debt
Anthony and Jhanilka Hartzog paid down their debt in two years.Jan 10, 2022, 4:01 AM
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Jan 6, 2022, 4:09 AM
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Fit Finance: Influencers share 9 tips for paying down debt in 2022
How to crunch numbers, frame your mindset and even save money while tackling your goals in 2022 and beyond.Jan 6, 2022, 4:09 AM
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Oct 13, 2021, 11:48 AM
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Couple pays off $123K in debt, here's how you can too while saving for the holidays
Anjie and RJ Muhammad paid off their student loan debt within a year with budgeting, taking on side hustles and watching what they spent.Oct 13, 2021, 11:48 AM
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Aug 20, 2021, 10:36 AM
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How this family paid off over $200K debt in 18 months
Karen Akpan and her family made major changes after she was laid off from her job.Aug 20, 2021, 10:36 AM
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Apr 1, 2021, 7:49 AM
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Couple who took out $100,000 loan to start family shares how they planned to go into debt safely
Couple who took out $100,000 loan to start family shares how they planned to go into debt safelyApr 1, 2021, 7:49 AM
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Jan 28, 2021, 4:05 AM
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Debt Diaries: How this travel journalist paid off $30K in student loan debt
Dominique Jackson, a journalist from Columbus, OH, paid off $30K of debt with a delayed gratification mindset.Jan 28, 2021, 4:05 AM
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Dec 22, 2020, 4:00 AM
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2 moms who paid off more than $300,000 in debt share tips for not going into debt at Christmas
Lauren Mochizuki and Chonce Rhea each changed the way they approach Christmas.Dec 22, 2020, 4:00 AM
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Sep 3, 2020, 8:36 AM
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How newlyweds paid off over $76K in debt in less than 1 year
Georgia couple Barclay Bishop Lyles and George Lyles paid off over $76,000 in debt with financial expert advice and support from friends.Sep 3, 2020, 8:36 AM
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Aug 6, 2020, 4:01 AM
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One woman weathers a career change and upside-down car loan to pay off $133,000 in debt
Amanda Williams of Debt Free in Sunny CA , along with her husband Josh, paid off more than $133,000 by making some big decisions.Aug 6, 2020, 4:01 AM
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