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In the movie A Christmas Story, Ralphie had his sights set on just one gift: a Red Ryder BB gun. But many Americans this season clearly had heavier arms on their minds: Background checks on gun buyers hit a single-month record in December.
Despite the din from the Occupy Wall Street crowd, not everybody dislikes financial institutions -- at least, not their own. A new poll shows a much higher approval rating for our banks than we give to the folks in Washington.
President Obama recently announced a plan to provide relief to student loan borrowers, but for the millions already in default on such loans, that help comes too late. Failure to repay those loans can wreck your finances permanently. Casey Zimmerman Thompson is a cautionary tale: More than two decades ago, she borrowed just $7,100.
The amount of student loan debt in America will exceed $1 trillion this year, and this week, President Obama acted to ease the burden on millions of college graduates. Which states need that help the most? 24/7 Wall Street breaks down the 10 states with the worst levels of student debt.
Noting that it took President Obama 10 years to pay back his student loans, White House officials today announced a new presidential initiative aimed at helping others pay back the cost of their higher educations. Student loans have overtaken credit cards as the nation's largest source of debt.
Taxes. We resent paying them, yet, for the most part, they fund things we'd rather not do without. But exactly how much of our money is going to each service? The White House has made it easy to answer that question. So here's a receipt for where your tax dollars are spent.
Seeking to circumvent congressional opposition, President Barack Obama will announce a series of executive branch steps aimed at jumpstarting the economy this week, beginning with new rules to make it easier for homeowners to refinance their mortgages.
President Barack Obama called for $1.5 trillion in new taxes Monday, part of a total 10-year deficit reduction package totaling more than $3 trillion. "We can't just cut our way out of this hole," the president said.
Struggling to fix the sickly economy, President Barack Obama unveiled a $450 billion economic plan that would include deeper payroll tax cuts -- a move that would keep more cash in the pockets of dispirited Americans. The proposal would also reduce taxes paid by small businesses.
Now that Hurricane Irene has passed, it's time to get back to discussing the country's biggest unnatural disaster: the economy. But here, too, Irene is making her impact felt, as economists and pundits across the country debate whether the hurricane will help or hurt America's bottom line.

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