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Debt Crisis

Compromise Is Not a Dirty Word

Madeleine M. Kunin | Posted 09.26.2011 | Politics
Madeleine M. Kunin

Compromise, contrary to popular opinion, does not mean selling out one's principles. Compromise means working out differences to forge a solution which fits the diversity of the body politic.

Our Favorite Celebrities Turned Politicians

Posted 09.25.2011 | Celebrity

If Jack Donaghy can run Kabletown, can Alec Baldwin govern New York? If Donald Trump can pick out the next "Apprentice," can he find terrorists? If Br...

What World Leaders Think About The U.S. Debt Ceiling Debate

Posted 09.25.2011 | Politics

As Washington struggles to find compromise on its way to a debt ceiling deal, international leaders have spoken out on the U.S. debt situation and the...

Historic Housing Bust

| Joanna Lin | Posted 09.25.2011 | Los Angeles

By Joanna Lin Story comes courtesy of California Watch. White households have a net worth 20 times that of black households and 18 times that o...

Failure To Raise U.S. Debt Limit 'Very Serious' For Global Economy, IMF Chief Says

AP | By CHRISTOPHER S. RUGABER and PALLAVI GOGOI | Posted 09.25.2011 | Business

WASHINGTON -- The impact of a failure to raise the U.S. borrowing limit could extend beyond America's borders and damage the global economy, the chief...

Wealth Gap Between Whites, Minorities Widens To Greatest Level In A Quarter Century

AP | By HOPE YEN | Posted 09.25.2011 | Business

WASHINGTON -- The wealth gaps between whites and minorities have grown to their widest levels in a quarter-century. The recession and uneven recovery ...

Lucia Graves

House Republicans Take Aim At Environmental Regulations As Debt Crisis Looms | Lucia Graves | Posted 09.24.2011 | Politics

WASHINGTON -- With eight days until the country officially defaults on its debts, likely sparking a worldwide credit crisis, the House of Representati...

WATCH: Arianna Huffington Says 'Job's Issue Is A Demand Issue'

The Huffington Post | Harry Bradford | Posted 09.24.2011 | Business

Politicians in Washington have yet to reach an agreement to raise the debt ceiling. Many other Americans have other concerns. Last night on ABC's T...

U.S. Inches Closer To Downgrade With No Debt Ceiling Deal In Sight

Posted 09.24.2011 | Business

(Walter Brandimarte) - The United States took a step closer to losing its coveted triple-A credit rating over the weekend as a political impasse i...

Arianna On 'This Week': 'Artificial Crisis' Distracting From Real Problems

Huff TV | Posted 09.23.2011 | Politics
Huff TV

Arianna appeared on "This Week" on Sunday to discuss the jobs crisis and how the debt ceiling is an "artificial crisis" that's distracting Washington ...

Geithner: 'Unthinkable' That U.S. Government Would Default

Reuters | Posted 09.23.2011 | Politics

WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner said Sunday it was unthinkable for the United States not to meet its debt obligati...

The Economy Wants Stability and a Debt Deal, Not Special Interests

Duncan Quirk | Posted 09.20.2011 | Politics
Duncan Quirk

The NFL struck a deal, why can't our government? A solution that does not keep the status quo, but eases change and compromises between spending cuts and increased revenues is necessary now.

Banana Republicans

Brent Budowsky | Posted 09.20.2011 | Politics
Brent Budowsky

If the deficit talks collapse and the house of cards falls, the biggest losers will be Republicans, who almost certainly will lose control of the House.

Federal Reserve Plans For Potential U.S. Default

Posted 09.19.2011 | Business

The Federal Reserve is actively preparing for the possibility that the United States could default as a deadline for raising the government's $14....

On Taxes, The GOP Turns Their Strength Into a Weakness

Margie Omero | Posted 09.19.2011 | Politics
Margie Omero

By risking a world economic crisis in order to protect tax breaks for the wealthy, Republicans have exposed their real tax priorities. And voters are unimpressed.

A "Modest Proposal" to Fix U.S. Debt: America, Let's Walk Away

Jeff Reeves | Posted 09.19.2011 | Politics
Jeff Reeves

It is sad day when hardworking, undercompensated CEOs and money managers must see a bloated government gouge us with outrageous taxes -- and then throw away all our hard-earned money.

Jeremiah and the Debt Crisis

Paul A. London | Posted 09.18.2011 | Politics
Paul A. London

The Wikipedia paragraphs on the prophet Jeremiah fit my recollection of his warnings. They are relevant today as Tea Party radicals contemplate forcin...

Faith And Economy

Doug Demeo | Posted 09.17.2011 | Religion
Doug Demeo

Ultimately, Sunday faith and Monday faith serve the same God in relative peace and harmony, or, we endure the messy societal results of our own discord.

Learning Basic Budgeting at Age 7, Wicker Armor and Clarions

Lydia Fisher | Posted 09.13.2011 | Business
Lydia Fisher

How was basic credit analysis so overlooked by sovereign governments, banks, institutions, individuals? Is it a Shakespearean-like pursuit of returns, wants, profit and power? Can we assume that economies could grow to keep up with debt?

Theodore Roszak, Who Defined Boomer Culture, Dies as American Vision Fades

Paul Kleyman | Posted 09.13.2011 | Politics
Paul Kleyman

Ted Roszak understood the fallacies of bipartisan deal-making as well as any social historian. He chronicled the arc of my baby boom generation from his books and was an original thinker.

How to Live on $0 a Day: My Expert Advice to Tim Geithner

Lesley Stern | Posted 09.12.2011 | Comedy
Lesley Stern

Tim, Tim, Tim. You've been throwing around a lot of scary words like "disaster" and "hardship" and you seem a little tense. Don't freak out. You're a babe in the woods when it comes to financial hardship, so let me guide you through this.

Talkin' the Peas and Band Aid Blues

Jamie Malanowski | Posted 09.11.2011 | Politics
Jamie Malanowski

Archeologists found remnants of a rare 21st century recording. Performed by an obscure blues singer, it is entitled "Band Aids and Peas," and apparently contains references to the debt ceiling crisis that precipitated the global collapse.

Debt Crisis Update: Democrats Double Dog Dare Republicans; Republicans Hold Breath, Turn Blue

Spencer Green | Posted 09.10.2011 | Comedy
Spencer Green

"If they're good when they return to the negotiating table and serious about preventing a default, maybe they'll get some juice and cookies. But only if they promise to be good."

1979 Offers Glimpse Of Default's Consequences

The Washington Post | Brady Dennis | Posted 09.10.2011 | Business

The Sunday airwaves brimmed once again with talk of what would - or would not - happen if lawmakers fail to meet the Aug. 2 deadline to raise the nati...

Bonnie Kavoussi

High Stakes: Confidence Vote In Greece (LIVEBLOG, UPDATES) | Bonnie Kavoussi | Posted 08.21.2011 | Business

Greece's Parliament is expected to take a confidence vote on the country's political leadership at around 5 p.m. EDT Tuesday. The vote will not only d...