The Latest Debt & Finance Blog
Republican leaders will deliver a new strategy this week in the budding battle with Democrats over who gets the blame if the U.S. government has to default on its $16.4…
With $444 billion in annual revenue, Walmart could be a country. And if it were, it would rank among the largest economies in the world. But Walmart, admittedly the planet’s…
Young Americans take on more credit card debt than previous generations did and are slower to repay it, according to research released last week. New evidence suggests that those…
The legislation that kept the United States from going over the fiscal cliff was fool’s gold for anyone who thought it would help American businesses and the 12 million people…
More than 30 years ago, Congress created 401(k) plans as a way for employers to encourage their workforce to save for retirement. Since then, 401(k) and other employer-funded, defined contribution…
Earnings reports from the two of the nation’s largest banking institutions indicate they made plenty of money last year, though JPMorgan Chase CEO Jamie Dimon’s paycheck won’t reflect that. Chase…
Is college worth it? This is the question countless high schoolers ask themselves each year — especially as they apply to college this time of year — and the answer…
The government is taking a bigger bite of American workers’ paychecks this year, which could mean another slowdown of the U.S. economy. American workers are paying 2 percentage points more…
It may be too late for a pound of cure, but half a dozen years after the bursting of the housing bubble helped precipitate the Great Recession, the U.S. Consumer…
A new federal regulation puts the onus on lenders to take meaningful steps to ensure a person can afford a home loan, before they actually give them one. The “ability-to-repay”…
Sources:
- Dutton, S., De Pinto, J., Salvanto, A. Backus, F. and Condon, S. (2013, January 18). Poll: Americans want compromise over debt ceiling. CBS News.Com. Retrieved from http://www.cbsnews.com/8301-250_162-57564797/poll-americans-want-compromise-over-debt-ceiling/
- elderman, R. (2013, January 20). Despite inaugural respite, more fights lay ahead for Obama and Congress. Washington Post. Retrieved from http://www.washingtonpost.com/politics/despite-inaugural-respite-more-fights-lay-ahead-for-obama-and-congress/2013/01/20/6ef7f882-5ffd-11e2-9940-6fc488f3fecd_story_1.html
- Camia, C. (2013, January 18). House GOP ready to raise debt limit for three months. USAToday.com. Retrieved from http://www.usatoday.com/story/news/politics/2013/01/18/house-republicans-debt-ceiling-budget/1845439/
- Berman, R. (2013, January 18). House Republicans to vote next week on three-month increase to debt limit. Thehill.com. Retrieved from http://thehill.com/homenews/house/278007-house-gop-aims-to-tie-senate-action-on-budget-to-debt-limit-increase