Rate Survey: Credit Card APRs Hit Record High
Posted on July 9, 2011 by admin
Credit card interest rates rose to record heights this week, according to the CreditCards.com Weekly Rate Report.
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Senate Democrats draft debt-reduction plan
Posted on July 9, 2011 by admin
WASHINGTON – Senate Democrats have drafted a sweeping debt-reduction plan that would slice $4 trillion from projected borrowing over the next decade without touching the expensive health and retirement programs targeted by President Barack Obama.
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How to dig out of debt
Posted on July 9, 2011 by admin
During my online discussions, questions about the best way to handle credit card debt and the repercussions from it still dominate. Here’s some advice I gave readers still digging their way out of debt.
Continue ReadingDebt ceiling: Fix the problem without punting
Posted on July 9, 2011 by admin
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Continue ReadingDebt ceiling: Who’s doing the talking?
Posted on July 6, 2011 by
Negotiations on raising the debt ceiling, tied to tackling the nation’s growing deficit, have officially reached an impasse.
Continue ReadingAvoiding Government Shutdown: The Debt Ceiling as Unconstitutional
Posted on July 1, 2011 by
There are those who believe that the debt ceiling is unconstitutional, according to CNN Money. There are some who believe that, if the current impasse in Congress over whether or not to raise the debt ceiling is not resolved and the debt ceiling is not raised by August 2
Continue ReadingAsian stock markets slip on Europe debt fears
Posted on June 27, 2011 by
Asian markets dropped Monday amid fears of a spreading European debt crisis after a ratings agency placed Italian banks on a review for a possible downgrade.
Continue ReadingFirst Read – Boehner challenges Obama on debt deal, tax increases
Posted on June 24, 2011 by
From NBC's Shawna Thomas and Carrie Dann A day after his second-in-command pulled out of bipartisan debt talks, House Speaker John Boehner delivered a direct challenge to the White House and said flatly that the House …
Continue ReadingDebt talks enter make-or-break week
Posted on June 20, 2011 by
U.S. lawmakers working to rein in the country’s rising debt said on Monday they will have to make substantial progress this week to ensure the country retains its top-notch credit rating.
Continue ReadingDebt cap row threatens confidence in US: Bernanke
Posted on June 14, 2011 by
Failure to raise the US debt ceiling in a timely manner could sink investors’ confidence in the economy, Federal Reserve chief Ben Bernanke warned Tuesday.
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