Debt cap row threatens confidence in US: Bernanke

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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Consumers dealing with debt collectors become stuck in a vicious cycle of lawsuits

The long-slumping economy has been a boon to debt collectors, yet it's become an even bigger windfall for the lawyers who sue them. Federal laws designed to protect consumers from abusive and unscrupulous debt collectors have become the tool for the newest form of "slip-and-fall" lawsuit.

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16 Shocking Facts About Student Debt And The Great College …

Now our economy is facing the biggest student loan debt bubble in the history of the world, and when our new college graduates enter the "real world" they are finding out that the good jobs they were promised are very few and far ...

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Gross On Debt – Paul Krugman Blog – NYTimes.com

Yesterday Robin and I were talking about the implications of a balance-sheet view of the economy's troubles, and realized that it makes a strong case for using Fannie and Freddie to bring down homeowners' debt burdens. ...

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How the Stimulus Package Makes You Debt Free

This package is designed to reduce debt that is faced by many people during the collapse of the economy. Jobs were lost and bills became harder to pay.

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Runaway Debt Must Be Stopped Now

Fiscal Errors: The U.S. government's unprecedented spending splurge, with no end in sight, is creating a mountain of debt that endangers both our economy and way of life. Can something be done about it?

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Can one resubmit tax return to just change ITIN to SSN to get econmy stimulus package?

AB asked: My wife and depecndent child received their SSN this year. I filed tax return jointly with my wife but forgot to change her (and our dependendent sons) ITIN with SSN number. To receive economy stimulus package can we resubmit the tax return changing ITIN to SSN. Also how this could be done?

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U.S. debt shrinking at glacial pace

Eighteen months into a deep recession triggered by a credit bubble, consumers have made little progress shrinking a mountain of debt. Until they do, the economy will struggle to grow likely for years.

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Treasuries Fall as Debt Supply, Demand for Risk Assets Increase

April 10 -- Treasury 10-year notes fell for a third week as the government’s sale of $59 billion in debt and signs the economy is stabilizing diminished the safety appeal of U.S. securities.

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What do you think happens when there is a tax increase on a major corporation?

twisno1 asked: Do they just accept the loss or raise the prices of their goods and pass the tax burden on to the consumer. P.S. This is a pretty easy question to answer if you have any knowledge of the economy whatsoever unlike most Democratic constituents.

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