interest – USTOWER

2 Minutes

U.S. debt is so massive, interest costs alone are now $3 billion a day

ustowner-011 2024-09-08 10:26

With U.S. debt now at $35.3 trillion, the cost of paying the interest on all that borrowing has soared recently and now averages out to $3 billio[……] ....

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4 Minutes

Credit cards are charging more ‘excess’ interest than ever, consumer watchdog says

ustowner-011 2024-02-23 02:07

A new CFPB report comes days after the Capital One-Discover merger deal fueled fresh concerns about card companies squeezing borrowers. Credit card[……] ....

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3 Minutes

Mortgage interest rates soar to a 23-year high

ustowner-011 2023-10-21 04:14

The 30-year fixed mortgage rate this week climbed to 8%, reaching that level for the first time since 2000, according to Mortgage News Daily.The[……] ....

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3 Minutes

Fed raises interest rates by a quarter point but signals inflation fight’s not over

ustowner-011 2023-02-02 02:13

The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter of a point, further slowing its aggressive campaign to cool[……] ....

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2 Minutes

Inflation and low interest rates are gutting America’s
savings accounts

ustowner-011 2023-01-11 05:12

Since 2008, due to the combination of near-zero interest rates and inflation, savers at banks and credit unions have watched the real value of their s[……] ....

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2 Minutes

U.S.-Africa Summit: In whose interest?

ustowner-011 2023-01-01 04:40

The words of the legendary Dr. Osagyefo Kwame Nkrumah at his Independence Day speech on March 6, 1957 ring true today. He told the world that politica[……] ....

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