The Latest Debt & Finance Blog

Tax refunds delayed

Delay in Tax Filing Season Means Later Refunds for Many

By Bill Fay | January 9, 2013

Millions of taxpayers banking on refunds from the IRS will have to wait a little longer to get them this year. The last-minute passage of the American Taxpayer Relief Act…

Bank of America settlement

Bank of America to Pay $10B to Fannie Mae to Settle Claims

By Bill Fay | January 7, 2013

The first week of 2013 has not been a happy new year for some of the nation’s largest banks, particularly Bank of America. On Monday, Bank of America agreed to…

Unemployment numbers steady

Positive News on Unemployment and Minimum Wage Laws

By Bill Fay | January 4, 2013

Workers starving for good news got a few morsels this week with positive reports on unemployment and pay. The Bureau of Labor Statistics says December’s unemployment rate was 7.8 percent,…

wind farm

Shifting Winds Bolster the Wind Industry

By Bill Fay | January 4, 2013

Here on the landless side of the fiscal cliff, there’s nothing but the wind. And as every parachutist and cliff diver knows, the wind can be tricky and unpredictable. Just…

wall street reacton fiscal cliff

American Investors among Winners in Fiscal Cliff Deal

By Bill Fay | January 2, 2013

Parties all over the world found reasons to celebrate the legislation that helped America avert the fiscal cliff. The bill, passed by the Senate in the early morning hours of…

Hedge fund

The Noose Is Tightening around Necks of Hedge Fund Execs

By Bill Fay | January 2, 2013

Ever wonder how some of the country’s richest hedge fund managers succeed in making such huge fortunes on their stock market bets? How guys like Steven A. Cohen, founder of…

Eric Cantor Opposed Fiscal Cliff Deal

GOP Leaders Defer as House Passes Bill to Avoid Fiscal Cliff

By Bill Fay | January 1, 2013

House Republicans dragged America to the rim of the fiscal cliff Tuesday before bowing to pressure from the Senate and passing legislation limiting tax hikes and spending cuts. The final…

joe-biden-fiscal-cliff-agreement

Fiscal Cliff Breached but Senate Deal Done; House Action Next

By Bill Fay | January 1, 2013

Congress allowed America to stumble over the fiscal cliff Tuesday morning but left itself enough rope to pull the country out of trouble, perhaps before lunch. Senate leaders of both…

NRA-Wayne-LaPierre-gun-industry-profits

Firearms Industry Hits the Bull’s-Eye in 2012

By Bill Fay | December 24, 2012

So the world didn’t end, after all. Whew! Looks like we dodged another bullet. Speaking of bullets, I hope everyone has their holiday shopping done. Just one last thought before…

Can fiscal cliff be avoided?

Lawmakers Head Home after Failing to Solve Fiscal Cliff Crisis

By Bill Fay | December 21, 2012

The clock is winding down on the Jan. 1 deadline for the fiscal cliff crisis, and the Republican Party has punted. House Speaker John Boehner, who introduced what he thought…

Sources:

  1. Ebeling, A. (2013, January 8). Where’s My Refund? 2013 Tax Filing Season Will Open Late. Forbes.com. Retrieved from http://www.forbes.com/sites/ashleaebeling/2013/01/08/wheres-my-refund-2013-tax-filing-season-will-open-late/
  2. Luhby, T. (2013, January 8). IRS will accept tax returns starting Jan. 30. CNNMoney. Retrieved from http://money.cnn.com/2013/01/08/news/economy/tax-returns/index.html