No two countries are experiencing the global financial crisis in the same way. And author Michael Lewis says you can tell a lot about each country by looking at its problems. To research for his new book, Boomerang, Lewis visited some of the most financially challenged countries in the world.
If the debt reduction supercommittee deadlocks, or if Congress rejects its work, by law automatic across-the-board budget cuts — half of them from defense spending — will be triggered. Already, talk is growing of undoing that trigger.
The U.S. economy is struggling to grow. The European Union is trying to contain a debt crisis. And, in a case of bad timing, the world's fastest-growing major economy, China, is trying to slow down to stem high inflation and what some fear is a housing bubble.
Each Sept. 30, the nation wraps up its old budget, and on Oct. 1, it starts a fresh spending cycle. But once again, the country has no formal budget in place. Uncertainty over the budget not only stresses federal workers but it also hurts the already weak economy, analysts say.
The annual budget fight has become especially muddled this year. That's because Congress and the White House are actually engaged in three different, but related, budget debates that are going on simultaneously. Here is a look at the three budget battles.
Michele Norris talks about Bank of America's plan to charge some customers a monthly $5 fee for debit cards with Daniel Indiviglio, associate editor with The Atlantic. Indiviglio writes about business, finance, economics and politics.
We turned to Facebook to gauge how are our listeners were preparing for retirement (if at all), how their lives have changed since retirement and whether they think they will be able to afford to retire.
Planning for retirement isn't just about mutual funds, 401(k)s and reverse mortgages anymore. With the traditional notions of retirement changing, figuring out how to spend our later years requires a different approach.
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