The Biggest Victim of the Debt Ceiling Deal: Your Retirement

Personal Finance

The Biggest Victim of the Debt Ceiling Deal: Your Retirement

The Biggest Victim of the Debt Ceiling Deal: Your Retirement

The catfights in Congress over the debt ceiling aren’t just an inside-the-Beltway problem — they’re already a Wall Street problem, and they’re becoming a Main Street problem. There was little to celebrate Wednesday night after the Senate passed the legislation to re-open the government until January and raise the debt ceiling until February — and... Read More

The Top Debt Ceiling Concern: Nothing

Personal Finance

The Top Debt Ceiling Concern: Nothing

The Top Debt Ceiling Concern: Nothing

Should Congress fail to reach a debt ceiling agreement and the government defaults on its debt, many Americans are concerned about mortgage rates rising and the potentially negative impact on their salaries and job security, according to a new Credit.com survey. The survey consisted of two questions — one pertaining to interest rates, the other... Read More

Follow Friday: Weekly Web Roundup (8/5/11)

Personal Finance

Follow Friday: Weekly Web Roundup (8/5/11)

The dust is settling on the debt negotiations, but many are still feeling weary about spending cuts and their personal debts. So, in the spirit of self-empowerment we included stories with advice, tips and motivation to get out of debt and stay that way.  Stand up, be decisive and move forward and show the government... Read More

Though A Deal on the Debt Ceiling is Close, the Stakes Are High

Personal Finance

Though A Deal on the Debt Ceiling is Close, the Stakes Are High

Though A Deal on the Debt Ceiling is Close, the Stakes Are High

The Obama administration is reportedly working with House Speaker John Boehner to close on a budget deal intended to ward off a debt default. What would a debt default mean for everyday Americans? I’ve listed out five scenarios below. Can somebody say double-dip recession? 1. Higher Taxes In order to pay down its $14.3 trillion... Read More

Follow Friday: Weekly Web Roundup (7/15/11)

Personal Finance

Follow Friday: Weekly Web Roundup (7/15/11)

Follow Friday: Weekly Web Roundup (7/15/11)

While the news channels are a buzz and Washington is in gridlock, it’s hard not to see the parallels between the American government’s debt and the American consumer’s debt. This week’s roundup includes an article that will have you thinking about the similarities. We also have stories about the benefits of the nations rising credit... Read More

U.S. Maxes Out Its Credit

Personal Finance

U.S. Maxes Out Its Credit

U.S. Maxes Out Its Credit

The United States has reached its self-imposed debt ceiling of $14.29 trillion, Treasury Secretary Timothy Geithner told Congress on Monday. The federal government will have to dip into retirement funds for federal employees just to stay open, Geithner said. The announcement immediately heightened political tensions in Washington. The Obama administration is urging Congress to increase... Read More

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