Debt

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Deficit & Debt: The Republican Legacy

Donnie Fowler | Posted 11.25.2009 | Politics

Read More: Debt, George H.W. Bush, Ronald Reagan, Federal Budget Deficit, Barack Obama, George W. Bush, Politics News

The lies that we are getting from the Republicans, supported too often by the mainstream media, have put the entire federal deficit and debt onto Barack Obama's shoulders. Well, here's the truth about it.

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Strengthening The Levees Against Unemployment And Rising Debt

Ann Pettifor | Posted 11.25.2009 | Business

Read More: Monetary Policy, Deficit Reduction, Debt, Unemployment, Federal Budget Deficit, Stimulus, Keynesian Economics, John Maynard Keynes, Economic Recovery, Paul Krugman, Recession, Business News

Government must manage the federal budget in the same way that you manage your household budget. But in truth, the president must do the opposite.

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The Budget Deficit Crisis: The Blame Is Bipartisan

Dean Baker | Posted 11.23.2009 | Business

Read More: Federal Budget Deficit, Budget, Debt, U.S. Debt, Business News

Relative to the size of the economy, America's deficit level does not come close to the levels hit in World War II. The idea that we are near some debt-driven crisis is absurd.

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US Facing Waves Of Debt Payments

New York Times | EDMUND L. ANDREWS | Posted 11.23.2009 | Politics

Read More: Debt, Congress, Federal Deficit, Social Security, Obama, Debt Payments, Babyboombers, Borrowing, National Debt, White House, Fed, Treasury, Financial Crisis, Medicare, Politics News

WASHINGTON -- The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.'s on terms that seem too good to be...

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Early Data Suggest More Suicides In 2008; Rise Is Similar To Past Recessions

Wall Street Journal | SARA MURRAY and BETSY MCKAY | Posted 11.22.2009 | Living

Read More: Layoffs, Debt, Unemployment, Job Loss, Mental Health, Suicide Rate, Suicide, Financial Crisis, Foreclosure, Great Recession, Unemployment Rate, Recession, Living News

Early signs suggest the number of suicides in the U.S. crept up during the worst recession in decades, according to a Wall Street Journal survey of st...

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US-China Relations: Getting Beyond Political Rhetoric

Damien Hoffman | Posted 11.17.2009 | Business

Read More: Debt, China, Politics, Economy, Trade Deficit, Green Jobs, Yuan, Dollar, Manufacturing Jobs, Business News

The cold hard truth for U.S. citizens is we must work to create a sustainable economy. We must set our sights on explosive industries such as alternative energy and health technology.

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The Debt Economy - How The Tax Code Encourages Debt : The New Yorker

newyorker.com | James Surowiecki | Posted 11.17.2009 | Business

Read More: Interest Rates, Taxes, Debt, James Surowiecki, The New Yorker, Consumer Lending, The Debt Economy, Leverage, Borrowing, Tax Code, Business News

. Debt didn't get dangerously out of scale because the system was broken. It got out of scale, in part, because the system worked. The government d...

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Celebrity Money Meltdowns

Manisha Thakor | Posted 11.06.2009 | Business

Read More: Budgeting, Investing, Debt, Saving, Personal Finance, Bankruptcy, Personal Debt, Business News

Tough economic times have tested the vast majority of Americans -- and that includes celebrities.

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Latino Families' Fight for Banking Reform

Janet Murguía | Posted 11.04.2009 | Politics

Read More: Debt, Weak Oversight, Auto Dealers, Job Loss, NCLR's Wealth-Building Policy Project, Nclr, Damaging Payday Loans, Cycles of Debt, Deceptive Lending Practices, Declaw Legislation, Wall Street Bailouts, Latino Families, Accountable, Janis Bowdler, Great Recession, Enforcement, Foreclosure, Housing Counselors, Mortgage Brokers, Small-Dollar Lenders, Greed, High-Rate Credit Cards, Oversight, Devastating Consequences, Innovative Financial Products, Limited Accountability, Economic Turmoil, Subprime Loans, Toxic Mortgages, Protections, Deception, Access to Credit, Product Vendors, Positive Innovations, Banking Reform, Politics News

One of the most devastating consequences of today's economic turmoil is the large-scale loss of nearly a generation of wealth among Latino homeowners.

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Relief Comes To Family's Medical Debt Only After Mother's Death

Huffington Post | Tam Vo | Posted 10.27.2009 | Impact

Read More: Health Insurance, Debt, Medical Bills, Poverty, Breast Cancer, Chemotherapy, Healthcare, Impact News

"We didn't have enough money to cremate her," Bob Wessenberg of Coppell, Texas, recalls, after being faced with his wife's catastrophic illness and th...

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Judges Siding With Some Homeowners In Mortgage Court Fights

New York Times | GRETCHEN MORGENSON | Posted 10.24.2009 | Business

Read More: Court, Debt, Judges, Economy, Real Estate, Mortgage Note, Mortgage, Lender, Homelessness, Note, Homeless, Banks, Foreclosure, Housing Crisis, Bankruptcy Court, Business News

FOR decades, when troubled homeowners and banks battled over delinquent mortgages, it wasn't a contest. Homes went into foreclosure, and lenders took ...

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The Credit Card Act of 2009: Five Ways It Will Affect You

Manisha Thakor | Posted 10.19.2009 | Business

Read More: Budgeting, Debt, Saving, Personal Finance, College Student Credit Cards, Credit Cards, Credit Card Debt, Business News

Thanks to the Credit Card Act of 2009, relief from credit card debt is on its way. Come February 22, 2010 there will be new consumer protections put in place. This legislation has something for everyone.

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Stein Family Says Thank You, Looks To The Future

Posted 10.19.2009 | Impact

Read More: Health Care Reform, Debt, Public Health Insurance Plan, Medical Insurance, Health Insurance, Blindness, Impact News

After a whirlwind week that saw their family featured on the front page of The Huffington Post and $30,000 raised to help them pay their overwhelming ...

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Bankrupt Retirees: Older Americans Are Most Likely To Declare Bankruptcy

Newsweek | Linda Stern | Posted 10.14.2009 | Business

Read More: Age Group, Debt, Age Groups, Bankruptcy, Age, Retirement, Older, Bankruptcy Rates, Recession, Rates, Senior Citizens, Mortgage, Aarp, Personal Finance, Demographics, Business News

Older Americans are heading into and through retirement with a boatload of debt. They're carrying everything from mortgages and home-equity loans to b...

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Help The Steins: Mother Who Went Blind To Save Her Children's Sight Struggles With Medical Debt [UPDATED]

Huffington Post | Victoria Fine | Posted 10.19.2009 | Impact

Read More: Health Care Reform, Debt, Public Health Insurance Plan, Health Insurance, Medical Insurance, Blindness, Impact News

UPDATE: Due to an overwhelming response from the HuffPost community, we've extended the length of this fundraiser, raising our goal to $30,000 (we wer...

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Second Great Depression Still Possible: The Financial Times

ft.com | Thomas Palley | Posted 10.12.2009 | Business

Read More: Debt, Economic Recovery, Great Depression, Second Great Depression, Economy, Deleveraging, Recession, Business News

Over the past year the global economy has experienced a massive contraction, the deepest since the Great Depression of the 1930s. But this spring, eco...

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The Statistics Of The Great Recession

AP | TIM PARADIS | Posted 10.10.2009 | Business

Read More: Treasury Department, Economy, Home Sales, Recession, Debt, Personal Savings Rate, The Fed, Unemployment Rate, Barack Obama, Numbers, Statistics, Stock Gains, Stock Losses, Dow Jones Industrial Average, Peronal Debt, Ben Bernanke, Timothy Geithner, Business News

NEW YORK — A year ago this weekend, the Dow Jones industrial average had just finished a slow-motion crash. Over eight days, it fell 2,400 point...

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Paul Krugman: Fed, Banks Returning To "Status Quo Circa 2007"

nytimes.com | Paul Krugman | Posted 10.07.2009 | Business

Read More: Securitization, Debt, Banking, Banks, Paul Krugman, Talkf, Shadow Banking, Business News

This article on the continued troubles in credit markets was informative. But it raised a puzzle. Call me naive, but why does Fed policy seem to assum...

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Skewed Recovery

Max Fraad Wolff | Posted 09.29.2009 | Business

Read More: Debt, Fed, Economy, Economic Crisis, Mortgage Crisis, Financial Crisis, Fannie Mae, Economic Recovery, Fannie Mae Freddie Mac Bailout, Business News

Angry masses see the recession as purely financial. This is false. Policy makers have rushed to address the financial crisis. This is near sighted. We have addressed one of our afflictions and left the greater economic problems under-appreciated and unaddressed.

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Mom Goes Blind So Her Daughters Can See (VIDEO)

HuffingtonPost | Julian Hattem | Posted 09.28.2009 | Business

Read More: Alimony, Debt, Foreclosure Crisis, Unemployment, Bankruptcy, Divorce, Blindness, Health Care Reform, Bearing Witness 2.0, Foreclosure, Bearing Witness, Child Support, Job Search, Health Care, Business News

As part of the Huffington Post's efforts to bear witness to the effects of the current economic environment on ordinary Americans, we're rounding up s...

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Dianne McLeod: Debt Collectors Hounded My Husband To Death

AP | MITCH STACY | Posted 11.24.2009 | Business

Read More: Debt, Stanley McLeod, Dianne McLeod, Debt Collectors, Business News

TAMPA, Fla. — A widow claims that debt collectors hounded her husband to death with as many as nine caustic calls per day, causing stress that c...

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Pittsburgh Model Dramatizes Lessons for G-20 Summit

Gary Shapiro | Posted 11.23.2009 | Business

Read More: Gary Shapiro, Debt, Deficit, Innovation Movement, Consumer-Electronics-Association, Bailout, g20, Manufacturing, Free Trade, Innovation, Cea, Protectionism, Pittsburgh, Detroit, Business News

Pittsburgh's experience offers a road map for American cities adjusting to manufacturing downturns and the new realities of the modern global economy.

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Durbin Ready To Return To Cramdown Battle With Wall Street

Posted 11.15.2009 | Politics

Read More: Foreclosures, Debt, Mortgages, Real Estate, Foreclosure Filings, Dick Durbin, Politics News

With foreclosure filings topping 300,000 for the sixth straight month, Senate Democrats are considering a return to a contentious battle they lost in ...

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5 Items Will Consume 50% of Your Income - Are You Prepared?

Manisha Thakor | Posted 11.15.2009 | Living

Read More: Budgeting, Retirement Security, Debt, Saving, Housing, Retirement, Personal Finance, Money Management, Living News

In these recessionary times, financial tips are flowing fast and furious about how to save money and stick to a budget. Facing a sea of information many people are asking, "Where do I start?"

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Time for Congress to Face Facts: They Are the Death Panel

David Paul | Posted 11.12.2009 | Politics

Read More: Outsourcing, Debt, Congress, Federal Budget Deficit, Death Panels, Budget, Economic Development, Exports, Sarah Palin, Health Care Reform, Jobs, Health Care, Federal Budget, Politics News