US household debt ticks up to new all-time high as inflation continues to rise
American Express, Discover, MasterCard and Visa credit cards are displayed for a photograph in New York, U.S., on Tuesday, May 18, 2010. (Daniel Acker/Bloomberg via Getty Images)
(NEW YORK) — U.S. household debt, including mortgages, credit cards, auto loans and student loans, reached an all-time high of $18.8 trillion in the first three months of the year, according to new data Tuesday from the Federal Reserve Bank of New York.
The increase in overall debt was driven by higher balances on mortgages and auto loans.
Student loan debt slightly decreased to $1.66 trillion. However, many borrowers are falling behind on their payments, with more than 10% of student loan balances now past due, nearing pre-pandemic levels, the Federal Reserve Bank of New York said.
Credit card debt dipped by $25 billion during the first quarter of the year, with outstanding card balances at $1.25 trillion. Credit card debt is up by $70 billion over the past year.
On a call with reporters Tuesday morning, researchers at the New York Fed described Americans’ overall credit as “stable,” but noted there are weaknesses among younger consumers and lower-income households.
According to officials, mortgage balances are $13.2 trillion and auto debt stands at $1.69 trillion.
The record-high household debt comes amid rising inflation, which rose for a second consecutive month, government data on Tuesday showed.
Prices rose 3.8% in April compared to a year earlier, marking an increase from a year-over-year inflation rate of 3.3% in the prior month. Annual inflation jumped to its highest level in three years, U.S. Bureau of Labor Statistics (BLS) data showed.
The US Capitol in Washington, DC, US, on Tuesday, Feb. 10, 2026. (Al Drago/Bloomberg via Getty Images)
(WASHINGTON) — An 18-year-old man was apprehended after running toward the U.S. Capitol with a loaded shotgun, according to Capitol police.
Just after noon on Tuesday, the man parked a white Mercedes SUV, got out of the car and started running toward the Washington, D.C. building, Capitol Police Chief Michael Sullivan said at a news conference.
As he approached the building, officers with the Capitol police saw him and ordered him to drop the weapon, the chief said.
“He immediately complied,” Sullivan said, noting that the man put down the gun, got on the ground and was then taken into custody.
The man had additional rounds with him, as well as a tactical vest and tactical gloves, according to Sullivan. A Kevlar helmet and gas mask were found in his car, he added.
“Who knows what could’ve happened” if the officers were not standing guard, Sullivan said.
Officers cleared the area, which has since reopened, according to police.
“There does not appear to be any other suspects or ongoing threat,” authorities said.
Both chambers of Congress are out of session this week.
A motive is not clear, Sullivan noted.
The man, who does not live in the area, was not known to Capitol police, he said.
A sign marks the location of the U.S. Department of Justice (DOJ) headquarters building on April 30, 2025, in Washington, DC. J. David Ake/Getty Images
(WASHINGTON) — Three million pages from the Justice Department’s files on the late sex offender Jeffrey Epstein are being released to the public today, Deputy Attorney General Todd Blanche said at a press briefing Friday.
Blanche said the release, which follows the passage of the Epstein Files Transparency Act, will include 2,000 videos and 180,000 images related to the Epstein case.
Blanche said in total there were 6 million documents, but due to the presence of child sexual abuse material and victim rights obligations, not all documents are being made public in the current release.
Several categories of pages were withheld from the release due to their sensitive nature, Blanche said. These items include personally identifying information of the victims, victims’ medical files, images depicting child pornography, information related to ongoing cases, and any images depicting death or abuse.
Attorneys for hundreds of Epstein survivors tell ABC News that names and identifying information of numerous victims appear unredacted in this latest disclosure, including several women whose names have never before been publicly associated with the case.
“We are getting constant calls for victims because their names, despite them never coming forward, being completely unknown to the public, have all just been released for public consumption,” attorney Brad Edwards, who has represented Epstein victims for more than 20 years, said in a telephone interview with ABC News. “It’s literally thousands of mistakes.”
ABC News has independently confirmed numerous instances of victims’ names appearing in documents included in the latest release.
Shortly after the new material appeared on Friday morning, Edwards said he and his law partner, Brittany Henderson, began receiving calls from clients.
“We contacted DOJ immediately, who has asked us to flag each of the documents where victim names appear unredacted, and they will pull them down,” Edwards said. “It’s an impossible job. The easy job would be for the DOJ to type in all the victims’ names, hit redact like they promised to do, then release them. “
“They’re trying to fix it, but I said, ‘The solution is take the thing down for now,'” Edwards said. “There’s no other remedy to this. It just runs the risk of causing so much more harm unless they take it down first, then fix the problem and put it back up.
ABC News reached out to the Justice Department for comment.
Blanche also pushed back on the notion that the Justice Department might have protected President Donald Trump from his name appearing in the files.
“We comply with the act, and there is no ‘protect President Trump.’ We didn’t protect or not protect anybody,” Blanche told ABC News Chief Justice Correspondent Pierre Thomas. “I mean, I think that there’s a hunger or a thirst for information that I do not think will be satisfied by the review of these documents. And there’s nothing I can do about that.”
Blanche said there was “no oversight” by the White House about what the material showed.
He added that if there was evidence in the files that others had abused victims, the DOJ would pursue charges against them.
One document in Friday’s release is a chart showing connections between Epstein and various employees and associates. Many are redacted — but the faces of several remain visible, including Ghislaine Maxwell, Epstein’s associate Jean Luc Brunel, and Epstein’s lawyer, accountant, and assistant. The chart is followed by a list of individuals broken into three categories: Day of Arrest, Week of Arrest, and Weeks following arrest.
This ties in with internal DOJ communications released earlier that showed a plan to contact potential witnesses following Epstein’s arrest. There are eight persons who are listed in the accompanying spreadsheet as “suspected co-conspirators,” including Maxwell, Brunel, and Epstein’s assistant Leslie Groff. Two of those designated as “suspected co-conspirators” are also identified also as victims.
Groff has never been charged with a crime and said in a statement to ABC News in 2020 that she “never knowingly booked travel for anyone under the age of 18, and had no knowledge of the alleged illegal activity whatsoever.”
An internal FBI document produced created in August 2019, five days after Epstein’s death, shows nine persons listed as family and associates of Epstein, including eight labeled as “co-conspirators,” most with their names and faces redacted with the exception of Maxwell and Brunel. This points to potential continued interest in pursuing further charges after the death of Epstein. In his statement announcing Epstein’s death, Manhattan U.S. Attorney Geoffrey Berman said “our investigation of the conduct charged in the Indictment — which included a conspiracy count — remains ongoing” Maxwell is the only other person to be charged related to Epstein’s crimes.
Among the other new documents released is what appears to be part of the original indictment against Epstein in his 2005 criminal case in Florida. The 100-page charging document contains information on 58 out the 60 charges against Epstein for his behavior towards six alleged victims. This document had never been made public.
Epstein ending up being offered a plea to reduced charges and was offered a non-prosecution agreement, in a deal that was highly controversial.
As of Friday afternoon, the DOJ had uploaded three “data sets” to its public website. Just one of those sets includes, by ABC News’ count, over 300,000 items.
A team of 500 attorneys from the Justice Department worked around the clock to review and redact material, Blanche said at his press briefing.
Friday’s tranche is the latest in a series of Epstein file releases that began last month in response to the Epstein Files Transparency Act, which passed Congress overwhelmingly and was signed into law by Trump on Nov. 19. The act gave the Justice Department 30 days to make publicly available all unclassified records pertaining to investigations and prosecutions of Epstein and his convicted co-conspirator Ghislaine Maxwell.
The bill contains several exceptions that allow for withholding or redacting records, notably to protect the privacy of Epstein’s victims.
Prior to Friday’s release, the DOJ had posted to its online Epstein library roughly 12,000 documents totaling about 125,000 pages — just a small fraction of the millions of records the department has been reviewing.
Those materials included a record of a complaint to the FBI filed in 1996, years before the disgraced financier was first investigated for child sex abuse. The documents also included new details about the government’s investigation into potential accomplices as well as thousands of photographs of Epstein’s New York and U.S. Virgin Islands properties that were searched by the FBI after Epstein’s arrest in 2019.
The initial release of the files also contained numerous old photos of Epstein traveling with former President Bill Clinton, including pictures of Clinton lounging in a jacuzzi and one of him swimming with Epstein associate Ghislaine Maxwell, who is serving a 20-year prison sentence after her 2021 conviction for sex trafficking of minors and other offenses.
The images, which were released without any context or background information, contained little information related to Trump, leading a spokesperson for Clinton to accuse the DOJ of selectively disclosing the pictures to imply wrongdoing on the part of Clinton where he said there is none.
“The White House hasn’t been hiding these files for months only to dump them late on a Friday to protect Bill Clinton,” Angel Urena said. “This is about shielding themselves from what comes next, or from what they’ll try and hide forever. So they can release as many grainy 20-plus-year-old photos as they want, but this isn’t about Bill Clinton. Never has, never will be.”
In an interview with ABC News on the day of the initial release, Blanche said that every document that mentions Trump will eventually be released, “assuming it’s consistent with the law.”
“There’s no effort to hold anything back because there’s the name Donald J. Trump or anybody else’s name,” Blanche said.
Both Trump and Clinton have denied all wrongdoing and have denied having any knowledge of Epstein’s crimes.
Federal prosecutors have indicated in recent court filings that hundreds of government lawyers have spent weeks reviewing “several millions of pages” of materials — including documents, audio and video files — in preparation for disclosure to the public.
The Epstein Files Transparency Act came after the Trump administration faced months of blowback from its announcement last July that they would be releasing no additional Epstein files, after several top officials — including FBI Director Kash Patel and former Deputy Director Dan Bongino — had, prior to joining the administration, accused the government of shielding information regarding the Epstein case.
The files released thus far have yet to show evidence of wrongdoing on the part of famous, powerful men, against the expectations of many of those who pushed for the files’ release.
Epstein owned two private islands in the Virgin Islands and large properties in New York City, New Mexico and Palm Beach, Florida, where he came under investigation for allegedly luring minor girls to his seaside home for massages that turned sexual. He served 13 months of an 18-month sentence for sex crimes charges after reaching a controversial non-prosecution agreement with the U.S. attorney’s office in Miami.
In 2019, prosecutors with the U.S. Attorney’s Office for the Southern District of New York indicted Epstein on charges that he “sexually exploited and abused dozens of minor girls at his homes in Manhattan, New York, and Palm Beach, Florida, among other locations,” using cash payments to recruit a “vast network of underage victims,” some of whom were as young as 14 years old.
Epstein died by suicide in a New York jail in 2019 while awaiting trial.
Jacob Lake, Arizona, Burned trees from the Dragon Bravo Fire. The wildfire burned 145,000 acres on the north rim of the Grand Canyon and in Kaibab National Forest. (Photo by: Jim West/UCG/Universal Images Group via Getty Images)
(NEW YORK) — Several regions in the West could be facing worsening drought conditions, increased wildfire risk, and reduced water supplies due to record-breaking temperatures and minimal winter snowpack.
Much of the West has been coping with prolonged drought conditions that are now being worsened by historically low seasonal snowpack and persistent record-breaking temperatures. With mountain snowpack sharply reduced, the region’s water supplies are facing mounting challenges and elevated wildfire risk is occurring earlier than usual.
More than half of the West continues to experience drought conditions of varying intensity, according to the U.S. Drought Monitor. The ongoing drought was compounded by the region’s warmest winter on record, according to the National Oceanic and Atmospheric Administration (NOAA).
The drought and record-warm winter were followed by unprecedented, record-breaking heat in March, further intensifying conditions across the region.
Rounds of rain and mountain snow are expected to impact parts of the West in the coming weeks.
However, a full recovery is unlikely in the near term, meaning many detrimental impacts could persist, or even intensify, through the rest of the year. However, the long-term outlook remains uncertain, with the strength of the upcoming monsoon season and the potential development of El Niño and other influential factors.
Record low snowpack Every major river basin and state in the West is experiencing a snow drought, a period of abnormally little snowpack for the time of year, according to NOAA.
The snow drought has significantly worsened in recent weeks following the unprecedented record-breaking March heat in the region. Snowpack is a significant indicator of drought conditions but not the only one.
Many major river basins, including the Colorado River Basin, are experiencing record-low season-to-date snowpack levels. A key metric in assessing these conditions is snow water equivalent, the amount of water contained within the snowpack. It serves as a critical indicator of the West’s water supply, helping determine how much runoff will flow into rivers and reservoirs during the spring melt.
When there is a snow drought in the West, it means “there will be a lack of available water due to the low snowpack to meet the water supply demands of the critical economic sectors we have,” Jason Gerlich, regional drought early warning system coordinator for the NOAA-National Integrated Drought Information System, told ABC News.
While many areas received average or above-average precipitation in the fall and early winter, warmer temperatures led much of it to fall as rain rather than snow, resulting in unusually low snowpack, which typically acts as a natural reservoir.
“If winter precipitation is falling as rain instead of snow, our relationship with water in the West becomes even shakier,” said Casey Olson, a climate scientist with the Utah Climate Center. “A gallon of winter rain that immediately runs off downstream is not nearly as helpful come July as a gallon of snowpack that melts in April or May. They are not equivalent gallons of precipitation in terms of our ability to use them when we need them the most.”
Snowpack across the western United States typically peaks in late March or early April, marking a critical point in the region’s water supply outlook. While additional mountain snowfall remains possible through April, and in some higher elevations, into May, recovery to normal snowpack is not climatologically possible at this point, Gerlich noted.
Drought on its own already stresses water supplies, agriculture, and ecosystems. But when winter fails to deliver significant mountain snow, those impacts can intensify. In some states, up to about 75 percent of water supplies can come from melting snow, according to the USGS.
Mounting water supply concerns The Colorado River provides water for more than 40 million people and fuels hydropower resources in seven states: California, Arizona, Nevada, Colorado, New Mexico, Utah and Wyoming, according to the U.S. Bureau of Reclamation. Major reservoirs in the Colorado River Basin remain well below average, the agency’s latest data shows, heightening concerns about water availability across the region.
Lake Powell, the second largest reservoir in the United States, is one of them. Water levels have dropped roughly 7 feet so far this year and are forecast to continue a gradual decline through the months ahead. Despite the recent drop, the reservoir remains more than 8 feet above its record low set in April 2023.
However, current projections suggest that level could be approached, or even challenged again, by late summer if dry conditions persist.
Denver Water, the city’s public water utility, announced water restrictions for the first time since 2013 on Wednesday, seeking a 20% reduction in water use.
“The snowpack within Denver Water’s collection system has deteriorated significantly and continues to decline,” said Nathan Elder, Denver Water’s manager of water supply. “Snowpack levels in both basins are now the lowest observed in the past 40 years, with accelerated melting underway.”
Experts warn that restrictions are likely to expand in multiple states as the year progresses, barring significant changes.
Wildfire concerns increase; Long-term risk remains uncertain A large portion of the West will likely face an elevated wildfire risk this spring and summer driven by low snowpack, dry soils, and above-average temperatures, leaving vegetation drier and more flammable than usual.
However, experts say the long-term wildfire outlook for the region is less certain than it might seem and the risk could vary in intensity in the coming months, depending on conditions.
“Low snowpack and fire don’t have a one-to-one relationship, but low snowpack can lead to an early start to the fire season,” Gerlich said.
The record-breaking March heat further dried the landscape, priming it for wildfires earlier than usual. Parts of Colorado, Wyoming and New Mexico have already seen impactful wildfires this year. Experts say the long-term wildfire outlook hinges on how several key conditions develop over the next few months.
“One positive right now is that the last few years have resulted in limited growth of the fine fuels that are quick to burn, so that does help temper fire risk for areas in the West, however, the lack of snowpack this year presents conditions through the high timber forests where fire risk this summer could be very high,” Olson added.
The latest outlook from the National Interagency Fire Center shows an overall near-average risk of significant wildland fires across the West through May with a more widespread above-average risk unfolding across the Four Corners region, including parts of Colorado, New Mexico, Utah, and Arizona in June.
“The Southwest looks to continue with the warm and dry seasonal pattern. One source of optimism is for the possibility of an active monsoon pattern this summer,” said Olson. “An active monsoon system in general should provide some relief to portions of the Southwest states, the question remains exactly where that relief would focus, and we won’t have a good handle on that until later this spring.”