Current Events

2008 was been a rough year for all of us, and 2009 doesn’t look much better. Millions of Americans have already lost their jobs – few industries have been safe from the plague of cutbacks… Brace For a Difficult 2009

The government reported today that U.S. economy lost 524,000 jobs in the month of December, bringing the unemployment rate up to 7.2% from November’s 6.8% unemployment rate. This is the highest unemployment rate in sixteen… Unemployment Rate for December Hits 16 Year High

President-elect Barack Obama said today that the ongoing recession could last for years unless dramatic action was taken as soon as possible. Obama said, “Throughout America’s history, there have been some years that simply rolled… Obama’s American Recovery and Reinvestment Plan

It’s not like you don’t already know that things are really bad, but here are some numbers for you. The Congressional Budget Office (CBO) reported yesterday that the U.S. recession – officially recognized to have… CBO Expects Federal Deficit of $1.2 Trillion…and other bad news

The Federal Trade Commission (FTC) reported earlier this week that Payneless Credit Repair, LLC and its owner, located in Richardson, Texas, has agreed to settle charges that the company’s business practices violated federal law. The… FTC Cracking Down on Credit Repair Scams

The Obama Transition team announced on Sunday that President-elect Barack Obama intends to form a “White House Task Force on Working Families.” The Task Force will be chaired by Vice President-elect Joe Biden and becomes… Obama Announces Task Force for Working Families

President Bush announced this morning the decision to help U.S. automakers General Motors Corp. and Chrysler, LLC with an emergency loan to give them an opportunity to bring their businesses back to profitability. Ford Motor… Emergency Loan Approved for U.S. Automakers

The Federal Trade Commission (FTC), the nation’s consumer protection agency, reported earlier today that Atlanta, Georgia-based sub-prime card issuer CompuCredit Corporation has agreed to a settlement in response to charges of unfair and abusive credit… Sub-Prime Card Issuer Agrees to Settlement of $114 Million

The Office of Thrift Supervision (OTS), a division of the U.S. Treasury Department, approved a final rule today to prevent savings associations from engaging in credit card practices that are unfair to consumers. The Federal… New Credit Card Rules Protect Consumers

The U.S. Department of Labor reported today that consumer prices declined by 1.7% in November, after a 1% decrease in October. Price declines like this may seem very small to the consumer – a 2%… Consumer Prices Decline for November