While the backlash is inevitable, it raises a key question: How much control does the president really have over oil and gasoline prices? How people perceive the answer to that question could well decide the results of the next election.
The move to extend unemployment benefit comes at a time when job growth is improving. It targets special relief for high unemployment states, but given the disparity of unemployment rates among states, shouldn't people be encouraged to move to where the jobs are?
Looking back, 2011 may be remembered as the year that world leaders passed the buck. And much to the chagrin of people with savings accounts< and other interest-bearing deposits, this flurry of buck-passing may have doomed them to another year of low interest rates.
If this new spirit of competitiveness among banks leads them to expand the loan market, it could stimulate the economy and eventually lead to higher interest rates on savings accounts, CDs, and money market accounts.
As 2011 closes, world leaders could surely use a few gifts. Here are five presents that, if delivered, would probably be their all-time best -- regardless of whether they ever found a BB gun under the tree.
Since debt and savings are opposites, you wouldn't expect them to move in the same direction at the same time. However, recent statistics indicate that as America's debt has shrunk, so too have America's savings rates.
There actually is a relationship between a person's physical health and their financial needs, and it's not what you might think. While getting sick can be costly, it turns out that being healthy may be even more expensive.
Even though FDIC deposit insurance is a federal program, it is not likely to be an immediate victim of a possible federal government default. In the long run though, anything is possible if things reach such a dire outcome.
Which banks offered America's best rates in the second quarter of 2011? These are banks that offer high savings and money market rates day in and day out, rather than those that offer high rates as a short-lived marketing promotion.