The Latest Debt & Finance Blog

Fiscal cliff negotiations

Obama-Boehner Meeting Sparks Optimism on ‘Fiscal Cliff’ Deal

By Bill Fay | December 10, 2012

President Obama took his debt-reduction campaign to Michigan on Monday, amid cautious signs that progress is being made on avoiding the “fiscal cliff.” Obama and Republican Speaker of the House…

Student loan repayment program

New Income-Based Student Loan Repayment Plan Launches Dec. 21

By Bill Fay | December 10, 2012

The new year looks even brighter for more than 1 million people deep in student loan debt. The new Pay as You Earn program, created in an effort to help…

Unemployment numbers mixed

Unemployment Rate Dips; 146,000 New Jobs Added in November

By Bill Fay | December 10, 2012

In November, the U.S. unemployment rate fell to its lowest level in four years and 146,000 jobs were added by a still-improving economy, but the background news to both numbers…

Health insurance companies want more

ObamaCare Highlights Truth: Insurance Companies Prosper

By Bill Fay | December 7, 2012

Whatever one thinks about the nature of ObamaCare, officially called the Affordable Patient Protection and Care Act (ACA), it’s certainly not the foul-smelling, socialistic takeover of the medical establishment as…

Housing market

Housing Market Expected to Rebound in 2013

By Bill Fay | December 7, 2012

With just a few weeks remaining until the end of the year, millions of Americans are seeking ways to make 2013 better, especially from a financial perspective. From making new…

Fiscal cliff

Five Things You Need to Know About the ‘Fiscal Cliff’

By Bill Fay | December 6, 2012

Where do you stand on the so-called “fiscal cliff,” which the U.S. economy may or may not be stepping off of at midnight Dec. 31? Before you answer, read over…

FHFA

Obama Eyeing New Leader for Federal Housing Finance Agency

By Bill Fay | December 6, 2012

Facing increased scrutiny from housing advocates and community groups, President Barack Obama is being asked once again to sidestep political protocol to replace Ed DeMarco, the acting head of the…

Auto sales jump in November

Amid Fiscal Uncertainty, U.S. Auto Sales Jump 15 Percent in November

By Bill Fay | December 5, 2012

Despite a devastating hurricane that wiped away much of the Eastern seaboard in October and the constant warnings of an impending fiscal cliff and tax hikes in the coming year,…

Fast-food workers go on strike

Fast-Food Workers in NYC Go On Strike: I’m Lovin’ It

By Bill Fay | December 5, 2012

“You deserve a break today, So get out and get away … to McDonald’s!” Last week, 200 New York City fast food workers took a break and got away from…

No compromise on fiscal cliff

Republicans’ Counteroffer on Fiscal Crisis Blasted by White House

By Bill Fay | December 4, 2012

Republican leaders sent a letter to President Obama on Monday, proposing solutions to the debt crisis that include spending cuts of $1.4 trillion and an overhaul of the tax code…

Sources:

  1. Associated Press. (2012, December 10). Obama heading to Michigan after ‘fiscal cliff’ talk with Boehner. Chicago Tribune. Retrieved from http://www.chicagotribune.com/news/chi-fiscal-cliff-20121210,0,2637280.story
  2. Yellin, J. and Botelho, G. (2012, December 10). Obama, Boehner meet about fiscal cliff and agree – not to say much. CNN. Retrieved from http://www.cnn.com/2012/12/09/politics/fiscal-cliff/index.html
  3. Przbyla, H. (2012, December 6). Republican Defectors Weigh Deal on tax-Rate Increase. Bloomberg News. Retrieved from http://www.bloomberg.com/news/2012-12-05/republican-defectors-ready-to-back-tax-rate-compromise.html
  4. Calimes, J. (2012, December 8). Tax Arithmetic Shows top Rate Is Just a Starter. The New York Times. Retrieved from http://www.nytimes.com/2012/12/09/us/politics/tax-arithmetic-shows-top-rate-is-just-a-starter-in-talks.html?pagewanted=all
  5. MacDonald, C. (2012, December 10). Obama weighs in on right to work, urges support for workers. The Detroit News. Retrieved from: http://www.detroitnews.com/article/20121210/POLITICS03/212100402#ixzz2EgMVnKKI