The Latest Debt & Finance Blog

obama sequester

Obama, We Need President Who Can Lead and Not Blame

By Bill Fay | February 28, 2013

Government services, teaching positions, research projects and hundreds of thousands of jobs are about to be cut in another self-inflicted crisis in Washington – The Great Sequester – and what…

Obama sequestration

Countdown to Sequester: Obama Pushes for Last-Minute Fix

By Bill Fay | February 25, 2013

There is no momentum in Congress for passing legislation to stop sequestration – the $85 billion mandatory budget reduction scheduled to take effect March 1 – but that hasn’t stopped…

Western Sky predatory lending

Regulations Target Western Sky and Native American Predatory Lending

By Katherine Pilnick | February 25, 2013

Imagine a financial service that could help you pay all your bills while at the same time fixing your credit history. That’s the promise of Western Sky Financial. Sound too…

Economic roundup

Private Business Moves Ahead, while Washington Sits on Sidelines

By Bill Fay | February 20, 2013

The complete lack of effort by politicians in Washington to find a solution to sequestration is sure to have some effect on the U.S. economy, but it’s not being felt…

Republicans oppose minimum wage hike

Congressional Republicans Balk at Raising Minimum Wage

By Bill Fay | February 20, 2013

In his recent State of the Union address, President Obama proposed raising the federal minimum wage from its current $7.25 an hour, a level where it has been stuck for…

sequestration debt ceiling

Five Things You Need to Know About Sequestration

By Bill Fay | February 18, 2013

President Obama and Congress are about to drag the country through another round of fiscal nonsense that likely will reinforce their reputations as indecisive politicians. The two sides are shadow-boxing…

Counting bills next to tax form

Identity Theft, Tax Fraud Increase as IRS Attempts to Curb Crimes

By Katherine Pilnick | February 15, 2013

As if tax season isn’t difficult enough, taxpayers must now be on alert for suspicious activity that could indicate that they are victims of tax-related identity theft. During last year’s…

state of the union

In State of the Union, Obama Focuses on the Economy

By Bill Fay | February 13, 2013

America needs a reality check. At least, that’s what President Obama said in last night’s State of the Union address. While the president acknowledged the fact that the economy is…

Credit report errors

Study: 10 Million Americans Face Costly Credit Report Errors

By Bill Fay | February 12, 2013

Mistakes by credit reporting agencies could be costing American consumers thousands of dollars, according to a report by the Federal Trade Commission (FTC). The FTC found that 5 percent of…

U.S. Oil drilling rig

Rise in U.S. Oil Production Threatens Global Health

By Bill Fay | February 12, 2013

In 1956, M. King Hubbert, a geoscientist working at the Shell research lab in Houston, presented a paper at a meeting of the American Petroleum Institute (API), predicting that oil…