Posted on January 8, 2011 by
What kind of twisted mind thinks it to be acceptable to load debt onto someone unilaterally – without that person’s consent – but unacceptable to allow that same person to choose his or her own level of debt burden? …
Continue ReadingPosted on January 3, 2011 by
Washington — If Congress does not raise the debt ceiling, the result could be “catastrophic” for the American economy, Austan Goolsbee, chairman of the Council for Economic Advisers, said Sunday.
Continue ReadingPosted on January 2, 2011 by
President Obama’s top economic advisor Austan Goolsbee warned against “playing chicken” with raising the country’s debt ceiling in an exclusive interview this morning on ABC News ‘This Week.’ Goolsbee, the chairman of the White House …
Continue ReadingPosted on December 23, 2010 by
The European sovereign debt crisis of 2010 appears to be geared up to spill over in 2011. Initial concerns led to the widening of bond yields of European Union members such as Greece and Ireland, and contagion threatens to cause further turmoil in the year ahead.
Continue ReadingPosted on December 21, 2010 by
Many companies that charge big upfront fees to consumers drowning in debt are skirting new federal rules that ban abusive debt-settlement practices, according to consumer advocates and government officials.
Continue ReadingPosted on December 19, 2010 by
Collection agencies sometimes target people for unpaid debt that isn’t theirs because of a mix-up. Here’s what to do if this happens to you.
Continue ReadingPosted on December 17, 2010 by
Spain’s public debt rose to a 10-year record and bad bank loans struck a 14-year high, central bank figures showed Friday, as the country battles market fears it may be the next to seek a bailout.
Continue ReadingPosted on December 15, 2010 by
Ratings agency Moody’s warned Spain on Wednesday that its debt could be downgraded and Portugal took steps to revive its economy amid concerns about euro zone debt contagion on the eve of a European Union summit.
Continue ReadingPosted on December 13, 2010 by
Dear Debt Adviser, I have been reading your column for so long now because it’s very informative.
Continue ReadingPosted on December 8, 2010 by
The current $14.3-trillion debt ceiling has almost doubled since May 27, 2003, when it was set at $7.4-trillion.
Continue Reading
