Debt-limit negotiations hit an impasse Friday as House Speaker Kevin McCarthy blamed the White House for resisting spending cuts, casting doubt on efforts in Washington to avert a catastrophic default. He spoke to reporters briefly in the US Capitol.

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Debt management company, Debt Buster says consumers are battling to make ends meet and are resorting to loans to supplement their income.
It released the 4th quarter debt index for the year 2022 which showed that consumers are now facing up to their debt. The report also shows that consumers spend about 63% of their income on service debt.

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Former U.S. Sen. Judd Gregg (R-N.H.) and former U.S. Sen. Heidi Heitkamp (D-N.D.) join CNBC’s ‘Squawk Box’ to discuss the Biden administration’s plan to cancel more student loan debt and whether it’s a good idea or an additional tax burden. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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Russia has defaulted on its foreign debt because it offered bondholders payments in rubles, not dollars, credit ratings agency S&P has said. #CNN #News