Ted Rossman, senior industry analyst at Bankrate, joined Cheddar News' 'Stretching Your Dollar' show to talk about the mounting debt among Americans. Credit card debt hit a record high at over a trillion dollars and according to Rossman, emergency expenses are one of the biggest culprits in debt accumulation.

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Foot Locker Plans 'Reset' Closing 400 Stores, Many in Malls
Foot Locker is planning to close 400 stores by 2026 as part of a "reset" of its retail brand. The relaunch could also introduce "experiential" new stores and shifting away from underperforming stores in malls, which currently account for 10 percent of its sales.
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