Households cut debt again in first quarter
American households cut their overall debt again in the first quarter and saw a $2.8 trillion increase in net wealth owing to stock-market gains — gains that have since evaporated.
View ArticleSpanish short-term debt costs reach alarm levels
(Reuters) – Spain lurched closer to becoming the largest euro zone country yet to be shut out of credit markets when it had to pay a euro era record price to sell short-term debt on Tuesday.
View ArticleFiscal cliff fight: What you need to know
NEW YORK (CNNMoney) — Which is worse: Republicans’ threat to not raise the debt ceiling without more spending cuts? Or Democrats’ threat to go off the fiscal cliff unless taxes go up on the rich? It’s...
View ArticleErskin Bowles: Washington must craft deal on debt
Rarely has it ever been this clear that elected leaders from across the political spectrum need to come together to address our nation’s rising federal debt. Read more here.
View ArticleRepublicans weigh short-term debt limit increase
(Reuters) – House Republicans signaled on Thursday they might support a short-term extension of U.S. borrowing authority next month so they can move on to budget battles that could offer them more...
View ArticleRetirement confidence at record low
Despite improving economic conditions, a record percentage of American workers remain worried that they won’t be able to afford retirement. They’re worried about their jobs, high debt levels and rising...
View ArticleEconomists See No Crisis With U.S. Debt as Economy Gains
Representative Paul Ryan, chairman of the House Budget Committee, declared this month that the U.S. national debt “is hurting our economy today.” It’s an idea embraced by almost every Republican and...
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