Obama Administration To Ask For $1.2 Trillion Increase In National Borrowing Limit

President Obama this week is expected to ask Congress for a $1.2 trillion increase to the national borrowing limit. The increase would be the third and final allowed under an agreement struck between feuding Democrats and Republicans ... continue

Still Loaded with Pork, Congress Puts Spy World on a Diet

The Intelligence world will have to settle for only $80 billion dollars this year. Congress has passed their latest spending bills which, while not actually cutting their budget, only keeps the spy world with the same budget ... continue

Supercommittee Fails to Cut $1.2 Trillion Deficit

Congress' supercommittee has failed in its bid to cut a government debt that stands at an eye-watering $15 trillion. With deep-running political divisions over spending and taxation, Republicans and Democrats failed to reach an agreement to cut $1.2 ... continue

Netflix Issues More Debt And Sells Stock To Raise $400 Million

Netflix on Monday announced that they have raised $400 million by issuing more debt and stock in an attempt to expand their operations while earning back the 800,000 customers they lost after raising subscription costs by 60%. Stock ... continue

Student Loan Debt To Surpass $1 Trillion In 2011

Before we celebrate the arrival of 2012 American's will be strapped down with $1 trillion in student loan debt, making those loans the country's largest source of debt, surpassing credit cards for the first time. The $1 trillion ... continue

12-year-old racks up $1,200 debt thanks to FarmVille

After spending his own money an English 12-year-old figured that his mother's credit card would be ideal for picking up some more really cool things in FarmVille, a leading <cough>social game</cough> on Facebook. By the time the ... continue

Think twice about using credit cards at thrift or club stores

People like to think that only on the Internet does one need to worry about companies watching everything you do and using that information in some way against you. Well I hate to be ... continue