Money Snatchers

After years of encouraging consumers to load up on debt, the card industry is trying a novel tactic: helping borrowers manage their debt. Tuesday, JPMorgan Chase plans to unveil new credit card features that even critics are applauding as a shift in how consumers can track and manage purchases, as well as pay off debt.

Consumers slashed their borrowing in July by the largest amount on record as job losses and uncertainty about the economic recovery prompted Americans to rein in their debt.

Michel Platini, the president of the governing body for European football, has revealed plans to bring in new financial regulations to prevent clubs spending beyond their means in a bid to curb the debt within football.

CHICAGO — Retirement is no longer the debt-free zone it used to be.

Governments worldwide are increasing their debt as they cope with the recession and thus are paying higher interest rates, which will worsen deficits over time.

May 25 — Japan’s bonds fell for a third day, the longest losing streak in two weeks, on speculation dealers will reduce their debt holdings in preparation for a sale of 20- year securities tomorrow.

The federal government says it’s nothing more than “wild speculation” to suggest it could take almost 20 years to pay back the debt it’s currently accumulating.

Casino companies Wynn Resorts and Las Vegas Sands each said Tuesday that they amended their debt agreements to get more breathing room as they repay billions of dollars in notes.