The Latest Debt & Finance Blog
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”…
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…
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…
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,…
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…
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…
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…
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…
Sources:
- Green, J. and Crawford, A. (2013, January 14). Smaller Payday Trims Workers’ Splurges as U.S. Tax Breaks Expire. Bloomberg News. Retrieved from http://www.bloomberg.com/news/2013-01-14/smaller-payday-trims-workers-splurges-as-u-s-tax-breaks-expire.html
- Ng, S. (2013, January 13). Retailers Fear Payroll Tax. The Wall Street Journal. Retrieved from http://professional.wsj.com/article/SB10001424127887324442304578236082677460750.html?mod=rss_whats_news_us&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fxml%2Frss%2F3_7011+%28WSJ.com%3A+What%27s+News+US%29&mg=reno64-wsj
- (2013, January 14). Payroll Tax Hits Hard. NACS Online. Retrieved from http://www.nacsonline.com/NACS/News/Daily/Pages/ND0114132.aspx
- Plummer, B. (2013, January 8). The payroll tax hike wiped out a year’s worth of wage gains. Message posted to: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/01/08/the-payroll-tax-hike-just-wiped-out-a-years-worth-of-wage-gains/
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