The Latest Debt & Finance Blog
The House of Representatives put out one fiscal fire Wednesday, approving a measure to extend the Treasury Department’s borrowing authority to May 18, but there are more hot issues simmering…
The debt ceiling is the latest self-inflicted crisis created by the federal government so that Democrats and Republicans can point fingers at each other. Here are five things to catch…
Suppose you are a teenager. Suppose you are a rich teenager and one who is also spoiled and ill-behaved. Suppose you bend the rules continually, stretch the truth and put…
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…
Sources:
- Tiron, R. and Rowley, J. (2013, January 23). House Votes to Temporarily Suspend U.S. Debt Ceiling. Bloomberg. Retrieved from http://www.bloomberg.com/news/2013-01-23/house-votes-to-temporarily-suspend-u-s-debt-ceiling.html
- Lawder, D. (2013, January 23). Debt limit extension bill moves to vote in House. Los Angeles Times. Retrieved from http://www.reuters.com/article/2013/01/23/us-usa-fiscal-idUSBRE90M11F20130123
- Helderman, R. (2013, January 23). House votes to suspend debt limit. The Washington Post. Retrieved from http://www.washingtonpost.com/politics/hold-house-votes-to-suspend-debt-limit/2013/01/23/58f2013c-6574-11e2-85f5-a8a9228e55e7_story.html