US Debt Downgrade Could Mean Rate Hikes For All
Downgrade on US debt could translate into higher interest rates on credit cards and mortgages Companies:Moody’s Corp. Related Quotes Symbol Price Change MCO 29.80 -3.08 Eileen Aj Connelly, AP Personal Finance writer, On Monday August 8, 2011, 2:35 pm EDT NEW YORK (AP) — Lawmakers weren’t able to prevent the country from losing its coveted [...]
Read MoreAnalysis: After the debt deal: 5 money moves to make now
By Linda Stern WASHINGTON (Reuters) – Now what? If you’re confused by the debt deal and what it means for your own wallet, you’re not alone. The fine print in the deal raises more questions than it answers. Almost all discretionary federal spending will face some cuts over the next 10 years, with defense spending [...]
Read MoreThe New Freshman 15: Financial Tips for College Students
Forget the “freshman 15,” the dreaded additional pounds freshmen frequently pack on when they settle into life on their own. More important are the 15 smart financial moves you need to know to get through freshman year and beyond without racking up unnecessary debt. “Waiting until after college to take control of your finances could [...]
Read MoreObama signs debt bill after final Senate vote
By ANDREW TAYLOR – Associated Press | AP – 1 hr 8 mins ago RELATED CONTENT President Barack Obama delivers a statement in the Rose Garden of the White House … President Barack Obama delivers a statement in the Rose Garden of the White House … WASHINGTON (AP) — The Senate emphatically passed emergency legislation Tuesday to avoid a first-ever government default, rushing the [...]
Read More61 senators support debt deal, ensuring passage
By STEPHEN OHLEMACHER – Associated Press | AP – 33 mins ago The U.S. Capitol is seen just after the House voted to pass debt legislation on Capitol … WASHINGTON (AP) — At least 61 senators say they will vote to support a deficit reduction package that will allow the government to continue to borrow, [...]
Read MoreBulldoze: The New Way To Foreclose
Banks have a new remedy to America’s failing housing market: Bulldozers. There are nearly 1.7 million homes in the U.S. in some state of foreclosure. Banks already own some of these homes and will soon have repossessed many more. Many housing economists worry that near constant stream of home sales from banks could keep housing [...]
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