The Latest Debt & Finance Blog
Democrats finally scored a victory in the U.S. House of Representatives on Thursday, joining Republicans to pass the Bipartisan Budget Act by a stunning margin of 332-94. The unanticipated truce…
The inevitable collision between year-end spending and budget restrictions is making this an uncomfortable holiday season for two vital groups in the American economy: Consumers and the federal government. American…
A new government report shows the U.S. Department of Education generated $41.3 billion from federal student loans in the 2013 fiscal year, making it the third most profitable industry in…
JPMorgan Chase Bank agreed to pay a $13 billion fine to the U.S. government for its role in the disastrous mortgage lending practices that landed more than 15 million American…
We don’t have ESPN at my house, which is a little like a minister saying he doesn’t have a Bible at home. I was a sports writer for 25 years…
The cloud of financial ruin threatening the U.S. and world economy floated away Wednesday, but it will be back. President Barack Obama and Congress made sure of that when they…
The continued U.S. government shutdown, now entering its fourth day, means that myriad services for consumers remain at a standstill. The Small Business Administration (SBA), the Federal Trade Commission (FTC),…
I have just discovered that I am part of America’s 1 percent. Not trying to brag too much here, but actually, I’m even more elite than that. I’m in the…
I have a vivid picture of my first night at college 40 years ago and I’m sure it doesn’t differ much from yours. When I walked into my dorm room…
I like surprises. Whether you’re aware of it or not, you do too, or at least your brain does. Neuroscientists from Emory University and Baylor University conducted research that proves…
Sources:
- Kane, P., O’Keefe, E. (2013, December 12). Boehner attacks tea party groups as House approves budget deal. Washington Post. Retrieved from http://www.washingtonpost.com/politics/boehner-escalates-feud-with-conservative-groups-as-vote-on-budget-bill-looms/2013/12/12/3986871c-634f-11e3-91b3-f2bb96304e34_story.html?hpid=z1
- Walsh, D., Bash, D., Cohen, T. (2013, December 12). House approves budget deal aimed t averting shutdown. CNN.com. Retrieved from http://www.cnn.com/2013/12/12/politics/congress-budget/
- Weisman, J., Peters, J. (2013, December 12). House Passes Budget Pact and Military Abuse Protections, but Not Farm Bill. New York Times. Retrieved from http://www.nytimes.com/2013/12/13/us/politics/house-budget-vote.html