What will congress do this time as we near the latest limit on U.S. borrowing? Who knows?
The president touched lightly on tax reform in his second inaugural speech. Could his brief call to revamp the tax code be a step toward reform?
A debt ceiling crisis would likely do serious and lasting damage to the U.S. economy, but it might have a silver lining for savers: higher CD rates.
What will happen to Social Security if the country defaults? One answer: “We don’t really know for sure. We’ve never done this before and I hope we don’t,” says Timothy McBride associate dean for public health at Washington University in St. Louis, and one of the nation’s experts on Social Security and Medicare. McBride thinks
Tick. Tick. Ticktickticktickticktickticktick. That might be the sound of the fast-approaching deadline for the federal government to raise the national debt ceiling prior to a default on the government’s obligations. Homeowners, homebuyers and home sellers might well wonder what that has to do with real estate, housing or mortgages; however, one possible answer is the
Nothing like the prospect of financial calamity to make today’s paltry CD rates more palatable. While CD investors may not appreciate yields less than the inflation rate, they may be reveling in the risk-free aspect of CDs right now. CDs are, of course, insured by the Federal Deposit Insurance Corporation for up to $250,000. One
There’s a high-stakes game of chicken going on in Washington, D.C., over extending the debt ceiling, and CD rates could be just one more casualty if things go too far. If you’re just tuning in to the debt ceiling drama, the debt ceiling is the total amount of outstanding debt the federal government is allowed