Stay updated on financial news, market trends, and economic changes that affect your money. From interest rate hikes to government policy shifts, we break down what’s happening now—and what it means for your finances.
In his weekly radio and YouTube address, President-elect Barack Obama reiterated the importance of moving quickly to stem the rising unemployment rate. He said, “It’s not too late to change course – but only if…
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…
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…
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…
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…
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…
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…
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…
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…
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…