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Debt Ceiling Is A Big Issue for Small Business

John Arensmeyer | Posted 07.20.2011 | Business
John Arensmeyer

With each passing day that we don't vote to raise the limit, economic uncertainty grows, and uncertainty has real consequences for small business owners.

William Alden

Geithner: Not Raising Debt Limit Could Cause Recession | William Alden | Posted 07.16.2011 | Business

The federal government reached its debt limit Monday, and Treasury Secretary Tim Geithner again detailed the disastrous and widespread consequences of...

With Debt Ceiling In Sight, Regulators Continue Dire Warnings

The Huffington Post | William Alden | Posted 07.13.2011 | Business

The federal government is scheduled to reach the debt limit Monday, and with no deal yet struck, top economic officials are warning lawmakers of the c...

Default Is Not in Our Future

David Paul | Posted 07.10.2011 | Business
David Paul

Congress may or may not raise the debt ceiling. Who knows what Congress, in its infinite wisdom, will do; but the notion that a failure to raise the debt ceiling will lead to a default by the U.S. Government on outstanding Treasury securities is nonsense.

AP: US Default Could Be Disastrous Choice For Economy

AP | TOM RAUM | Posted 06.24.2011 | Business

WASHINGTON -- The United States has never defaulted on its debt and Democrats and Republicans say they don't want it to happen now. But with partisan ...

Jennifer Bendery

White House Deficit Talks Coming Apart At The Seams | Jennifer Bendery | Posted 06.19.2011 | Politics

WASHINGTON -- The White House's proposed deficit talks with Congress appear to be unraveling before they've even begun. House and Senate Republican l...

Geithner, Japan Confident Debt Ceiling Issue Will Be Resolved

The Huffington Post | William Alden | Posted 06.19.2011 | Business

With a fight looming over raising the U.S. federal debt limit, some top officials have begun to reassure the public that the country will avoid a defa...

William Alden

Economists: Gridlocked Congress 'Playing With Fire' | William Alden | Posted 06.06.2011 | Business

NEW YORK -- Political infighting in Washington may seem irrelevant to many Americans. But in the coming weeks, as Congress attempts to pass a budget a...

European Analogies to the 1920s and '30s

Robert Zevin | Posted 05.31.2011 | World
Robert Zevin

The slow motion train wreck that is the Eurozone continues to roil bond markets, banks and governments as countries pursue policies of reduced spending.

Budget Season Overview

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Democrats in the last Congress could have passed the 2011 budget, but they did not. They punted, leaving the door open for Republicans to do what they will with the budget for both this year and for FY 2012.

Lawsuit Suggests Banks May Have Improperly Cashed In On Bad Loans

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Before the real estate crash decimated investor wealth and precipitated a punishing foreclosure crisis, several banks may have improperly pocketed com...

What Would a Genuine Budget Crisis Look Like?

Joe Minarik | Posted 05.25.2011 | Politics
Joe Minarik

It is not surprising that many citizens have come to the conclusion that deficits don't matter. I am far more concerned, for three reasons in particular.

Weekly Audit: GOP Plays Chicken with the Debt Ceiling

The Media Consortium | Posted 05.25.2011 | Politics
The Media Consortium

Weekly Pulse: GOP Plays Chicken with the Debt CeilingBy Lindsay Beyerstein, Media Consortium blogger Sen. Jim DeMint (R-SC) is calling for a "big show...

William Alden

FREE FALLIN': Home Prices Are Plunging -- And The Recovery Is At Risk | William Alden | Posted 05.25.2011 | Business

Plunging home prices hammered household finances in the third quarter, eroding homeowners' wealth and making them more vulnerable to foreclosure. As p...

William Alden

One In Seven Creditworthy Americans Can't Pay Bills, Study Shows | William Alden | Posted 05.25.2011 | Business

In the wake of the worst financial crisis since the Great Depression -- and a spike in the unemployment rate in November -- one in seven creditworthy ...

WATCH Analyst: California Will Default On Its Debt

The Huffington Post | William Alden | Posted 05.25.2011 | Business

California will default on its debt, bank analyst Christopher Whalen said. And if it accepts a Federal bailout, he added, other states will follow. ...

Insiders Ignored Foreclosure Crisis Signals For Years

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Insiders anticipated the current foreclosure crisis years before it struck and now, it seems, it must get worse before it can get better. System-wide...

WATCH: Analyst Tears Into CNBC Anchor Over Foreclosure Crisis

The Huffington Post | William Alden | Posted 05.25.2011 | Business

The current foreclosure crisis is unprecedented in American history, Barry Ritholtz said on Monday. The Fusion IQ CEO told CNBC's Larry Kudlow and Di...

U.S. Tax Code Encourages Companies To Rack Up Debt

Washington Post | David Cho | Posted 05.25.2011 | Business

Over the past generation, debt in America has exploded, becoming a way of life in nearly every sphere of society. And the tax code has been its handma...

Banks Breaking Into Homes To Change Locks

The Huffington Post | William Alden | Posted 05.25.2011 | Business

UPDATE: Jacobini and her lawyer, Matthew Weidner, told MSNBC's Dylan Ratigan that Jacobini "is not in foreclosure at all." An earlier report from WFTV...

Does a Weaker Currency Equal Default? Not in the Real World

Marshall Auerback | Posted 05.25.2011 | Business
Marshall Auerback

It makes no sense to say that a sovereign government should "save" in its own currency in order to stave off "default." The government doesn't have to sacrifice spending now to spend in the future.

Anaylst: Broke Cities Could Cause The Next Financial Crisis

The Huffington Post | William Alden | Posted 05.25.2011 | Business

The next major financial crisis could come from a crisis in local government budgets, according to a new report from analyst Meredith Whitney. State ...

William Alden

'Corporate Bloodletting' Subsides As Default Rate Returns To Pre-Crisis Levels | William Alden | Posted 05.25.2011 | Business

Good news for corporations and the people who lend them money: The corporate default rate will likely drop to a pre-crisis level by year's end, accord...

William Alden

Foreclosure Repossessions Hit Record High in August | William Alden | Posted 05.25.2011 | Business

August saw more Americans lose their homes to foreclosure than any other month on record, RealtyTrac reported today. Banks repossessed a total of 9...

William Alden

Home Prices Could Drop For The Next Three Years | William Alden | Posted 05.25.2011 | Business

Thinking about buying a home? You might want to proceed cautiously. The housing market may continue to decline, potentially for at least three more ye...