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Saturday, August 27, 2016
debt
A lock secures a chain on the steel fence of a foreclosed home previously owned by U.S. Bancorp in Los Angeles, California July 17, 2012. REUTERS/Mario Anzuoni

Rampaging Debt Collectors Are Committing Highway Robbery

Susan Macharia, a California administrative employee, is one of thousands of middle-income and low-wage workers each year who get robbed by these relentless money grabbers. Out of the blue, she got a rude call in January from a collector demanding she pay $10,000 for a credit card debt she ran up in 2003.

August 11, 2016
U.S. Treasury Secretary Jack Lew (L) and Puerto Rico's Governor Alejandro Garcia Padilla (2nd R) listen to kindergarden teacher Gloria Rivera during their visit to the elementary school Eleonor Roosevelt in San Juan, Puerto Rico, May 9, 2016. REUTERS/Alvin Baez

Puerto Rico Still Seen Defaulting On Debt Even With Rescue Law

Investors in Puerto Rico‘s debt-burdened economy still face risks of default on some of the island’s $70 billion in debt even after the U.S. Congress on Wednesday created a powerful federal oversight board to manage credit restructurings. U.S. President Barack Obama says he will quickly sign the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) before the U.S. territory […]

June 30, 2016
Members of labor unions march past the capitol building during a protest in San Juan September 11, 2015. REUTERS/Alvin Baez

Puerto Rico Debt Bill Cleared For Thursday U.S. House Vote

Supporters hope to get it enacted into law before July 1, when Puerto Rico faces a deadline for making a $1.9 billion debt payment that it might not be able to fulfill.

June 9, 2016
A protester holding a Puerto Rico's flag takes part in a march to improve healthcare benefits in San Juan, Puerto Rico, November 5, 2015. REUTERS/Alvin Baez

Financial Woes And Zika Virus Threaten Puerto Rican Tourism

With dozens of storefronts shuttered, bearing signs that read “se vende” — “for sale” — the marks of Puerto Rico’s ongoing debt crisis are made visible throughout the main city of Old San Juan. As the cash-strapped U.S. territory missed most of another debt payment earlier this month, it has had to contend with another crisis: namely, the Zika virus.

May 23, 2016
A protester holding a Puerto Rico's flag takes part in a march to improve healthcare benefits in San Juan, Puerto Rico, November 5, 2015. REUTERS/Alvin Baez

House Panel Delivers Puerto Rico Crisis Bill, Debt Looms

U.S. lawmakers on Thursday began coalescing around revised bipartisan legislation to help address Puerto Rico’s unpayable debt burden that now threatens a full-blown humanitarian crisis. Released close to midnight on Thursday, the House Natural Resources Committee’s revised bill includes a strong oversight board to direct how and when the island pays its bills and leaves […]

May 19, 2016
Republican U.S. presidential candidate Donald Trump speaks during a campaign rally in Lynden, Washington, U.S., May 7, 2016. REUTERS/Jim Urquhart

Trump’s Debt ‘Idea’ Would Depress The Global Economy

If his Muslim ban and a Mexican wall didn’t turn away Republicans still planning on voting for Donald Trump, maybe his ideas about the national debt will. The racist billionaire said recently that he would try to game the international economy — much like he did with creditors for his bankrupt casino projects — by paying less on U.S. treasury bonds than what bondholders are owed, a move that would surely destabilize the global economy.

May 9, 2016
snow shovelingin front of house

When Not To Save For Retirement

Consumer debt with sink you every time.

February 3, 2016
Computer chips are seen on newly-issued credit cards in this photo illustration taken in Encinitas, California

Paying Down Credit Cards: Go With A Snowball Or Avalanche?

Piling on new debt now could be costly, if the Federal Reserve continues to increase interest rates this year (which pushes up the rates on credit cards). So to help you get back into the black, consider these strategies.

January 12, 2016
retire-scrabble-money-401k2012-flickr-640

How Your Ego Is Sabotaging Your Retirement

Here are three ways your ego is rearing its ugly head and how you can regain control of your financial plan before you retire.

November 10, 2015
Images Money Wiping out Debt

3 Times It’s Smart To Be In Debt

It’s never advisable to rush out and take on debt, but there are times when doing so actually makes sense. Debt, it turns out, can be a kind of friend, even if it’s just that flaky friend who can’t really be trusted.

November 4, 2015
dollar bill money pieces

In Search Of A Way To Defuse The Debt Limit Brinkmanship

It’s time to stop party brinkmanship over this issue.

October 20, 2015
college classroom

White House Launches New Online Tool To Help Families Make Informed Decisions On College

Department of Education officials said the administration backed away from a ratings system because it proved too complicated to develop and they were afraid it might confuse consumers.

September 14, 2015
Student Loans

College Debt Can Be Especially Dumb For Parents

Parent education loans can help your child attend the college of her dreams — and sink any dreams you had of ever retiring.

August 21, 2015
credit_cards

Signs You Have A Spending Problem And Ways To Stop

Here are a few warning signs that indicate you are spending too much, followed by suggestions for getting your spending under control.

August 15, 2015
Money, World, Iraq, Loans, Deficit, Islamic State, War, Baghdad, Debt, Reconstruction, Infrastructure

Defeating Islamic State Leaves Big Bill Iraq’s Struggling To Pay

While fighting to keep Islamic State out of the country, the Iraqi government seeks to rebuild the country’s infrastructure, its quality of life, and relieve its $25 billion fiscal deficit.

May 12, 2015
Credit card screw

Debt Buyers Bury Hard-Hit Consumers In Lies

How debt collectors scam struggling families across the country.

March 18, 2015
Rahm Emanuel

Emanuel Makes Nice As Chicago Election Bypasses Pension Morass

Chicago’s contentious mayoral election is coming down to the wire.

March 16, 2015
Student Loans

The Student Debt Time Bomb

The cost of higher education is out of control — and college debtors are fighting back.

March 11, 2015
Obama visits Lawrence, Kansas

Free Tuition At Community College Should Just Be The Start

Expanding access to education isn’t a socialist redistribution plot — it’s common sense.

January 27, 2015
Doug Elmendorf

Will The GOP Turn The CBO Into A Fantasy League?

Republican plans to cook the books bode poorly for future policy discussions.

December 23, 2014
California Flag

California Pension Funds Are Running Dry

A new report has reignited the pension debate in the Golden State.

November 14, 2014
Obama 10-19

Obama Administration Rules Target For-Profit Colleges

Find out how the Obama administration is protecting vulnerable students.

October 30, 2014
Argentina

Argentina Blames United States, ‘Incompetent’ Judge For Default

By Sonia Avalos Buenos Aires (AFP) — Argentina blamed the United States Thursday for the legal battle that forced it into its second default in 13 years, accusing the judge and mediator in the case of “incompetence.” The country officially went into default Wednesday night after the failure of 11th-hour talks with two U.S. hedge […]

July 31, 2014
Social Security, Taxpayers, Taxes, Safetynet, Retirement

Social Security’s No-Bad-News Day

By Michael Hiltzik, Los Angeles Times The annual trustees reports for Social Security and Medicare customarily give rise to an outburst of disinformation from the enemies of social insurance programs — that comes with the territory when you’re putting out hundreds of pages densely packed with graphs, charts and statistics. There may be less of […]

July 31, 2014
hundred dollar bills money

Past-Due Debt Prevalent Across U.S., With South The Highest

By Kevin G. Hall, McClatchy Washington Bureau WASHINGTON — Roughly one in three adult Americans has past-due debt that’s been turned over to a collections agency, according to a novel new study. Southern states fare worst in the study, with most having four in 10 residents with credit files that show debt in collection. The […]

July 29, 2014