US citizens in no small numbers already have their own less than positive views about the IRS. Now, it appears that the world at large may soon be sharing their sentiments in no uncertain terms. Congress has set the ball in motion regarding an act, which if put into practice will see banks in countries [...]
As it stands, the actual details and specifics of the mortgage fraud settlement reached by the five biggest lenders in the US today have never appeared more certain. However, it appears equally as certain that the agreement will not be put in motion anytime soon, therefore with no specific resolution to speak of, president Barack [...]
As a key note in yesterday’s State of the Union address, Barack Obama made the call for wealthy Americans to begin paying a minimum of 30% in tax, which is more than double the amount paid in 2010 by Republican Mitt Romney on his $22 million total income. In a speech which was of course [...]
While it is presently possible to lock in fixed-term mortgage rates for up to half a percent lower than variable rates, questions are being asked as to whether now is really the time to be doing so. As fixed rates have hit their lowest average levels in months, many new and existing mortgage payers have [...]
When the Federal Reserve made the announcement last week that credit was to be kept as cheap as possible for at least another two years, the clear message to the American public was to go out and borrow while the getting is good. However, according to national economists, it is likely to take a great [...]
As his three day economy-focused tour of the Midwest kicks off, President Obama is facing increased pressure from his fellow Democrats to introduce a more aggressive and effective employment strategy that the one he has been touting over recent months. The president has suggested an employment package which has been crafted so as to win [...]
The current feud between Verizon Wireless and its 45,000 striking employees gained further steam on Friday, after the gigantic carrier called on the FBI in order to investigate alleged sabotage. According to a spokesman for the network, no less that 90 incidents of sabotage have occurred since the beginning of the Strike the previous week, [...]
Volatile economic events throughout the week have resulted in a rally of real estate interest across the US, as mortgage rates continue to hover around their all-time lowest levels. Worries about both the US economy and the continuing crisis in Europe have resulted in swathes of investors shifting their money toward safe havens like US [...]
Under the new debt ceiling bill currently making its way through Congress, a federal subsidy aiding graduate students would be done away with in order to increase funding for Pell grants used for the assistance of lower income graduates. This particular trade off is one of the few changes the new bill specifies. According to [...]
A potential US debt default may have a significant impact on the financial lives of citizens in many ways, including the boosting of loan interest rates and the damaging of already unstable retirement accounts, should the stock market continue to struggle. The debate regarding the lifting of the debt ceiling that currently engulfs Washington seems [...]
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