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Holiday spending ‘clearly on track’ to reach record-breaking heights even as credit card debt strangles shoppers
Consumers are “clearly on track” to smash record-breaking spending levels after doling out as much as $989 billion over the last two months, a National Retail Federation report said.
Credit card debt set to hit record levels as consumer holiday spending rises
The National Retail Federation reported last week that spending between Nov. 1 and Dec. 31 is “clearly on track” to reach a record, between $979.5 billion and $989 billion.
Credit card debt is at a record high this holiday season
That’s as shoppers are projected to spend up to $989 billion between November 1 and December 31, according to the National Retail Federation. This holiday season has come with a hefty price tag: record-high credit card debt.
Holiday Shopping leaving many Americans in debt
The holidays for many Americans means splurging on gifts for loved ones and despite the high prices caused by inflation, the tradition continues.
Reuters
21h
Fact Check: Benefits for soldiers serving in Israeli military not included in US spending bill
Legislation passed by the U.S. Congress on Dec. 21 to avoid a government shutdown did not contain any benefits for U.S.
9h
on MSN
Ferguson: Policies are likely to be more toward deficit spending.
Roger Ferguson, former Vice Chair of the Federal Reserve, discusses the challenges facing the Fed in the coming year. He ...
23h
on MSN
Fight over spending stopgap foreshadows funding challenges in new Congress
The messy government shutdown fight this month foreshadows some of the challenges House Republicans could face next year, as ...
3d
on MSN
Holiday shoppers increased spending by 3.8% despite higher prices
New data shows holiday sales rose this year even as Americans wrestled with still high prices in many grocery necessities and ...
3d
on MSN
Some, but not all, funding for cancer research survived federal spending deal chaos
It looked like funding for the Gabriella Miller Kids First Research Program wasn't going to make it — until something unusual ...
5d
Spending Fight Shows Limits of Trump Power to Change Fiscal Path
Efforts to cut government spending and eliminate waste are dwarfed by the rising costs of the social safety net programs and ...
Atlanta Journal-Constitution
29m
Ethics Committee closes investigation of Sanford Bishop’s campaign spending
The U.S. House Ethics Committee said it has closed its investigation of Georgia Rep. Sanford Bishop with no evidence of intentional misuse of funds.
1d
on MSN
Incoming Trump official slams Biden admin's spending: 'The hemorrhaging has to stop'
Incoming Counselor to the President Alina Habba previews the Trump agenda for the first 100 days in office and discusses the ...
3d
on MSN
'Willing to take that risk': Republicans want Trump to have vast control over government spending
Some GOP lawmakers want to repeal the Impoundment Control Act, a Watergate-era bill designed to prevent presidents from ...
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