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John Boehner: The ‘Talk About Raising Revenue Is Over’

John Boehner: The ‘Talk About Raising Revenue Is Over’

TOBY JORRIN/AFP/Getty Images(WASHINGTON) — House Speaker John Boehner, R-Ohio, told ABC News’ Martha Raddatz during an exclusive interview for This Week that talk of including revenue as part of an effort to strike a so-called “grand barga…

US Household Debt Falls to 29-Year Low

US Household Debt Falls to 29-Year Low

George Doyle/Stockbyte/Thinkstock(NEW YORK) — While politicians in Washington stumble toward the fiscal cliff, American households have really cleaned up their act. According to the Federal Reserve, one key measurement of household debt in the third q…

Credit Card Debt Is Top Worry, Survey Finds

Credit Card Debt Is Top Worry, Survey Finds

iStockphoto/Thinkstock(NEW YORK) — Santa may be shimmying down the chimney in less than a month, but chances are he won’t be laden with as many gifts as in years past, and he probably won’t be charging the ones he is bringing.That’s …

Campaign Debt Outlives Presidential Races

Campaign Debt Outlives Presidential Races

NICHOLAS KAMM/AFP/Getty Images(NEW YORK) — The race might be over, but it hasn’t all been paid for.Presidential campaigns still owe millions of dollars to consultants, former staffers, phone companies, software vendors, database management firms, dire…

Americans Carrying More Credit Card Debt, Report Finds

Americans Carrying More Credit Card Debt, Report Finds

Comstock/Thinkstock(NEW YORK) — Americans are carrying more credit card debt and being less careful about making payments on time, according to a new report from TransUnion.The credit reporting firm said the average credit card debt per borrower rose …

Report: Burden of Debt Continues to Grow for College Students

Report: Burden of Debt Continues to Grow for College Students

JupiterImages/Comstock Images(NEW YORK) — The burden of debt for college students who take out loans continues to rise, according to a new report out Thursday.  “Two-thirds of new graduates had loans and their average debt was $26,600 dolla…

Sarah Lawrence Tops List of Most Expensive US Colleges

Sarah Lawrence Tops List of Most Expensive US Colleges

iStockphoto/Thinkstock(NEW YORK) — A college degree may be losing its value, but the price tag for a four-year education continues to rise.The cost to attend college for one year exceeded $60,000 for the first time this year, according to Campus Grott…

More Americans Paying Off Debts

More Americans Paying Off Debts

George Doyle/Thinkstock(NEW YORK) — You might be better off than you think! Americans owe far less money than they did five years ago before the recession, and they are paying the bills at the best rate in years.
According to the latest survey by S&am…

Romney Reports First Debt of Campaign

Romney Reports First Debt of Campaign

Toni Sandys/The Washington Post(DALLAS) — For the first time in this campaign, Mitt Romney’s campaign is $11 million in debt after borrowing $20 million in August.The debt and borrowing sums were first reported by the National Review Online and …

Moody’s Warns of US Debt Downgrade

Moody’s Warns of US Debt Downgrade

Scott Eells/Bloomberg via Getty Images(NEW YORK) — Major credit rating agency Moody’s warned today that it may downgrade the U.S. credit rating if the government fails to figure out a way to avoid the so-called fiscal cliff at the end of the yea…

Obama Campaign Taps Cash Reserves, Adds Debt in July

Obama Campaign Taps Cash Reserves, Adds Debt in July

MANDEL NGAN/AFP/GettyImages(WASHINGTON) — For the third consecutive month, the Obama campaign spent more than it raised, assumed new debt and substantially depleted its cash-on-hand reserves, according to the organization’s Federal Election Comm…

Top 5 Tips to Fight Junk Debt Lawsuits

Top 5 Tips to Fight Junk Debt Lawsuits

George Doyle/Thinkstock(NEW YORK) — Creditors who buy consumers’ old debt for pennies on the dollar have increasingly won bogus lawsuits, but consumers can begin to fight back by taking a few easy steps. One judge in Brooklyn, N.Y., this week called a…

Collectors Robo-Signing for Credit Card Debt Suits

Collectors Robo-Signing for Credit Card Debt Suits

BananaStock/Thinkstock(WASHINGTON) — Reminiscent of the foreclosure crisis, a number of credit card companies that are suing to collect their debt are said to be “flawed” and point to “robo-signing” or “robo-testimony.&rd…

Lax Student Loan Standards Created Debt Crisis, Report Finds

Lax Student Loan Standards Created Debt Crisis, Report Finds

JupiterImages/Comstock Images(NEW YORK) — Lax loan standards have left many college graduates struggling to repay private student loans, according to a new study.A report by the Consumer Financial Protection Bureau (CFPB) and the Department of Educati…

Hillary Clinton Close to Paying Off 2008 Campaign Debt

Hillary Clinton Close to Paying Off 2008 Campaign Debt

SAUL LOEB/AFP/GettyImages(WASHINGTON) — Hillary Clinton, who has steadily chipped away at the more than $25 million in debt her campaign amassed during her run for president, owes only $100,000, according to Federal Election Commission disclosures for…

Cities Offer to Pay Student Loan Debt to Gain Young Residents

Cities Offer to Pay Student Loan Debt to Gain Young Residents

JupiterImages/Comstock Images(NEW YORK) — In Niagara Falls, N.Y., a man shortly will attempt a daring feat — and he isn’t Nik Wallenda.  Seth Piccirillo, Niagara Falls’ new director of community development, will attempt to lure young profession…

How to Protect Yourself From Fake Debt Scammers

How to Protect Yourself From Fake Debt Scammers

Eyecandy Images/Thinkstock(WASHINGTON) — “You will be behind the bars for six months and once you go behind the bars, you will lose your job. Once you are behind the bars, you won’t get a single drop of water.” That’s the message received by just one …

Parents Delay Retiring to Pay Kids’ Student Loan Debts

Parents Delay Retiring to Pay Kids’ Student Loan Debts

JupiterImages/Comstock Images(NEW YORK) — After years of hard work, saving up and an Air Force pension, Terry and Edward Fackler of Everett, Wash., thought they had retirement covered.Then the student loan debt started piling up.  It wasn’t…

President Obama Accuses Mitt Romney of ‘Cow-Pie Distortion’ on Debt, Deficits

President Obama Accuses Mitt Romney of ‘Cow-Pie Distortion’ on Debt, Deficits

JEWEL SAMAD/AFP/GettyImages(DES MOINES, Iowa) — On his first visit back to the Iowa state fairgrounds since the 2008 campaign, President Obama Thursday night used a grassroots rally to launch sharp new attacks against rival Mitt Romney over the debt a…

Pennsylvania Man Appeals Court’s Order to Pay Mom’s $93K Bill

Pennsylvania Man Appeals Court’s Order to Pay Mom’s $93K Bill

William A. Pittas(NEW YORK) — John Pittas, 47, is fighting a Pennsylvania court’s order to pay his mother’s $93,000 nursing home stay under a “filial support law” that is in effect in 29 states.Pennsylvania’s statute makes certain family members liabl…

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