Finance chiefs from the G20 nations say they will make sure the International Monetary Fund has the resources it needs to help stabilise the world economy. That commitment is a hint that the world’s leading economies may be open to a larger role of the IMF in the eurozone debt crisis – and if necessary [...]
The Halifax was accused of irresponsibility last night for encouraging hard-up families to go on a credit binge. The bank, which is 41 per cent owned by the taxpayer, has sent letters to its customers this week urging them to take out cash on their cards. It promises that it will take only one quick [...]
LA HABRA, Calif. — The Southern California home where “Octomom” Nadya Suleman has lived for more than two years is for sale. A real estate website says the 2,583-square-foot home on Madonna Lane is listed at $525,000. Suleman’s father Ed Doud purchased the home in 2009 for $565,000. Suleman owes a $450,000 balloon payment to [...]
Elizabeth Warren, Democratic Senate candidate in Massachusetts and former White House financial reform adviser, blasted Republicans at an appearance In Andover last month for accusing Democrats of engaging in “class warfare.” “I hear all this, you know, ‘Well, this is class warfare, this is whatever,’” Warren said. “No. There is nobody in this country who got [...]
ATLANTIC CITY, N.J. — These are the best of times, and the worst of times, for America’s debt collectors. The prolonged economic turmoil has created more opportunity than ever for the profession, even while making it harder than ever to get folks to pay up. A gathering of debt collectors in Atlantic City this week [...]
WASHINGTON — President Barack Obama is back in the good graces of progressives. For now. Hours after Obama delivered a fiery speech demanding that the wealthiest Americans “pay their fair share” in taxes as part of his $4 trillion deficit-reduction plan, MoveOn.org launched a new television ad on Monday hammering in the president’s message and [...]
WASHINGTON — In certain corners of the progressive political universe, there has been ongoing frustration with the Obama White House for attacking the institution of Congress as a whole rather than its Republican parts. The angst surfaced briefly, and most recently, during the introduction of the administration’s jobs bill, when President Barack Obama stood before [...]
WASHINGTON — Even as President Barack Obama prepares his opening bid on long-term deficit reduction, the White House wants to keep the focus on jobs and is determined to avoid getting sucked into another budget fight with lawmakers. Administration officials see the task of attending to deficits as necessary but not necessarily urgent, compared with [...]
Consumers would like to spend less, but they are falling further into credit card debt. Two-thirds of Americans say that the financial crisis has fundamentally changed their view of debt, making them less likely to borrow or spend, according to a new report by Absolute Strategy Research. A third of respondents to the survey said they [...]
For many households, it’s a personal fiance dilemma: Should they try to pay down debt first, or build up savings? In the aftermath of the Great Recession, opinions have clearly tipped toward the ditch-your-debt side. According to the August poll by the National Foundation for Credit Counseling, Americans are choosing to deal with what they [...]
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