| Aug 19, 2014
| 3:29 PM
After months of study sessions and planning, the Huntington Beach City Council took two major steps Monday toward making a long-awaited senior center a reality.
Council members voted unanimously to authorize taking out a $16.4 million bond to help pay...
| Aug 12, 2014
| 5:00 AM
HBO's John Oliver turned his humor-laced outrage on payday lenders Sunday, holding them, celebrity pitchman Montel Williams and their legislative allies up for some well-deserved ridicule.
Citing a study that found 75% of payday loans were taken out...
| Aug 7, 2014
| 12:24 PM
As much as $79 billion in home equity lines of credit are at heightened risk for default in coming years as Americans face a day of reckoning on their boom-era second mortgages, a new study found.
Many home owners who took out so-called HELOCs during...
| Aug 7, 2014
| 6:01 PM
A wave of potential defaults on home equity lines of credit could start arriving in the next few years as Americans face a day of reckoning on their boom-era borrowing.
Many homeowners who took out home equity lines, essentially second mortgages, during...
| Aug 8, 2014
| 3:52 PM
When the cash began running out at the nonprofit Amistad America Inc., officials defaulted on bank loans, skimped on bills, borrowed from employees and used state grant money as a temporary loan against other grants, a series of audits released Friday...
| Aug 4, 2014
| 5:06 PM
HARTFORD — Gov. Dannel P. Malloy's opponents jumped on the governor's newest campaign commercial on Monday for featuring the Newtown tragedy and using a disputed number to describe the state's debt situation.
Released on Monday morning, the 30-...
| Jul 28, 2014
| 9:00 PM
There's rough weather ahead for the federal budget and the nation's economy, according to this month's long-term forecast from the nonpartisan Congressional Budget Office. The CBO projects the growing national debt will reduce Americans' incomes, raise...
| Jul 30, 2014
| 10:30 AM
Does the recent uptick in consumer confidence indicate that the agendas of the White House and Congress are misaligned with middle class aspirations? The U.S. consumer confidence index jumped to 90.9 in July, marking the highest level in seven years...
| Oct 8, 2013
| 10:03 AM
Here is the press release from Fitch Ratings, documenting their upgrade of the Seminole Tribe of Florida.
Fitch Ratings assigns a 'BBB' rating to Seminole Tribe of Florida's (STOF) proposed $395 million incremental term loan B. Fitch also upgrades...
| Feb 3, 2014
| 8:10 PM
In a move that will add to the city's mountain of debt, Mayor Rahm Emanuel won support Monday from the City Council's Finance Committee to issue up to $900 million in bonds backed by property taxes.
It's the largest request put forth during Emanuel's...
| May 7, 2014
| 1:44 PM
Consumers increased their borrowing in March by the largest amount in more than a year in a sign of increased economic growth this spring.
Outstanding consumer credit, which includes credit card balances and auto and student loans, jumped $17.5...