On Friday afternoon, the national debt of the United States hit another major milestone, soaring past $21 trillion for the first time ever. Debt growth is VASTLY outpacing GDP growth. And this is critical to understand.

Nearly a decade has passed since Lehman Brothers collapsed, ushering in the most acute phase of the financial crisis – yet many millennials remain deeply distrustful of banks and borrowed money…

Less than a week after Dallas Federal Reserve Bank President Robert Kaplan sounded the alarm over the level of debt that America’s government is projected to carry, Fed Chair Jay Powell told Congress today that “the US is not on a sustainable fiscal path.”

$1.2 trillion. That’s simply staggering… It’s larger than the size of the entire Australian economy… and constitutes a loss of more than $2.2 million per minute…

Not everybody receives the same amount back in their tax refund (if they get a refund at all). HowMuch.net has created a map to show the average tax refund in every state.

The US federal debt has again been on the move, as of mid-week up to a fresh record of $20.7 trillion.  But, really, without some sort of reference point, what does that mean? Well, let’s break it down.

After more than a year of anticipation the e-commerce behemoth Amazon.com has announced today that it will launch a “Shipping with Amazon” service that will entail picking up packages from businesses and shipping them to consumers. This move will put them in direct competition with the likes of UPS and FedEx.

Chinese credit rating agency Dagong downgraded US sovereign ratings from A- to BBB+. That puts the U.S. on the level with Peru, Colombia and Turkmenistan on the Beijing-based agency’s scale of creditworthiness. The U.S. has also been put on a negative outlook.

The dollar’s hegemony is being directly challenged by China, which is not shy about promoting her own currency as her preferred settlement medium.

It is not enough to have an established purchasing power. A particular thing — to be used as money — must also pass the market selection process.

“It is not unreasonable to envision a world in which the overwhelming share of commodity contracts, especially for oil, are no longer denominated just in dollars,”

Household debt, fast as it may be rising, is about to be eclipsed for the first time ever by the even faster rising federal government debt.

A new report issued by the Treasury Department outlines how certain firms are “systemically important”. This term has also become commonly known as “Too Big To Fail” but, whatever designation, it still leads to one thing: bailouts.

Plans to introduce legislation this week would allow struggling multi-employer pension funds to borrow from the U.S. Treasury to remain solvent.

The global online retail giant could soon integrate Bitcoin as a payment option.

Americans don’t understand the student-loan crisis because they’ve been trained to view the issue in terms of a series of separate, unrelated problems. But the separateness of these stories clouds the unifying issue underneath: The education industry as a whole is a con.