Credit card defaults in the U.S. have hit their highest level since 2010, with delinquencies rising 50% in 2024. With $170 billion in interest paid over the past year and increasing financial strain on lower-income households, this episode explores the economic impact and upcoming challenges.
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The U.S. is expected to hit its debt borrowing limit in a couple of days. CBS News political director Fin Gomez covers has more on that and how the 2024 Republican presidential primary is shaping up.

#news #economy #debt

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